How long do you need to wait to buy a home after a foreclosure?
Going through a foreclosure and losing your home can be devastating. The good news is that buying a home is still possible. Depending on the circumstances and the loan program…
How long do you need to wait to buy a home after a bankruptcy?
Have you had a bankruptcy? Wondering how long before you can buy a home? I'm here to give you that answer. And, just like everything in mortgages, it depends. It…
Where the Heck Did FICO Come From?
Not too long ago, the credit world was much different than it is today. Credit bureaus operated in near secrecy, gathering information in ways that may surprise you. For instance, did you know that Retailer's credit (now Equifax) received information about you gathered by the Welcome Wagon hostess?
The Bank of Mom and Dad
We received a couple of calls in the past few days for potential home buyers looking to get qualified for a mortgage and both of them had questions about how Mom and Dad could help them qualify. Here are their situations:
What is a Good Credit Score?
You just want to know what a good credit score is. Probably because you are looking into obtaining a mortgage, or maybe an auto loan. Did you know credit scores…
Free Credit Report
Many people I talk to have heard about getting their FREE credit report at www.freecreditreport.com because they have heard the catchy commercials they have singing about getting their free report. …
Mortgage Don’ts
I recently received an email from a Lending a Hand reader requesting information on what to avoid throughout the mortgage process to ensure a smooth approval and closing. Instead of…
Mortgage and Divorce
Finances are a touchy subject when it comes to divorce, but I guess every subject can get touchy during a divorce. I want to make sure you are aware of…
Quickly Increase Credit Score
Many tools are available to mortgage lenders and one of the tools I often use in my business is a Credit Analyzer tool provided by Advantage Credit of Colorado. By…
Oh No…Credit Report Inquiries!
"I don't want you to pull credit because my credit score will drop". This is a phrase I hear all too often when I am working with potential home buyers. …