Do I Need Perfect Credit to Buy a Home?

The average FICO score of Approved Conventional Loans was 757 in May The average FICO score of Approved FHA Loans was 688 in May Since April 2013, the ability of Americans to obtain a mortgage has increased substantially!

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Is Bankruptcy the Solution

During the mortgage meltdown which began in December 2007, many people lost their job, divorces were up, stress caused illness, it went on and on. Those who declared bankruptcy are now left with the aftermath. You wonder why rents are so high? And they threaten to go even higher. And why not? People have to [...]

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5 Things to Never Put on Your Debit Card

You go to the checkout line and I’m sure the sales clerk has asked you, “debit or credit?” Using a credit card has its advantages over using a debit card. One is that if you have a “rewards” card, you built up points for future use. Another is that it’s easier to “dispute” a credit [...]

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6 Simple Steps to Protect Yourself From Identity Theft

It’s human nature to think “it won’t happen to me. It’s always the other guy” but don’t kid yourself. As many as nine million Americans have their identities stolen every year. That’s a staggering number. If you’ve ever known anyone who has gone through this particular hell, you know how life-altering it can be. Here [...]

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A Foreclosure, Short Sale or Bankruptcy in your Past May No Longer Slow up your New Home Purchase

There are new federal housing guidelines to help prior homeowners with a short sale, foreclosure or bankruptcy on their record to re-enter the housing market. The old guidelines made a new home buyer wait a minimum of three years before buying a new home. Now, with credit problems being the rule rather than the exception, [...]

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California-Wide Mortgages

I just want to remind everyone that I’m servicing clients all over California. I split my time between Beverly Hills and Palm Desert but since many of you have moved outside of these areas I’m servicing all of California. I’ve also had great luck with a credit correction and restoration company and will be referring [...]

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Getting a Home Loan with Bad Credit

If you have bad credit, then you may think you have no options available to you when it comes to financing a home loan. However, there are still some home loans available that might be able to suit your needs. Understanding Bad Credit Mortgages Bad credit mortgages are designed for people who have a poor [...]

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Know Your Credit Score

If you’re looking into purchasing your first home, one of the very first things you should look at is your credit score. While the amount of money you make is very important, and the size of your damage deposit will matter, a poor credit score will sink your mortgage application faster than any other problem. [...]

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As If We Don’t Have Enough to Worry About

I read today that over 45 percent of Americans have at least one medical collection on their credit report.  Even though the lenders say they don’t hold that against you, the truth is medical collections can affect your credit score to such an extent that you are unable to qualify for the loan you’ve applied for. Medical [...]

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