credit score
Refinance Rates Best With Great Credit Score
Now may be the time to refinance. If you have a great credit score, you will have the ability to obtain the best and lowest refinance rates out there, but you may need equity in your home to refinance. Q: I …
Loan Modification Hell Starts With Trial Loan Modification
Loan Modification Hell starts with the signing of the trial loan modification papers with a lender. Q: I just began a loan modification trial period in September for a period of 4 months with a major bank. I am a …
Option For People Looking to Build Their Credit History with eCredable
I recently joined the advisory board for a new company called eCredable. This company reports credit accounts under the same federal and state guidelines as the national credit bureaus, but the consumer is the one that is in charge of the report. …
Stop Paying Your Mortgage And Your Credit Score Will Suffer
If you stop paying on your mortgage or consider a strategic default, your credit score will take a big hit. Q: Let’s say I stop paying my mortgage each month. And let’s say there is some time before the house …
Loan Modification Hell: Trial Loan Modifications Aren’t Being Made Permanent
Q: I’m in loan modification hell. We supposedly “qualified” for the Making Home Affordable program, and our lender, Bank of America, gave us a new, modified payment. We supplied all the required documentation, etc, to our lender, and from what …
Refinancing Without Appraisal
Q: I lost the major portion of my income and I am looking to lower my mortgage payments, but my concern is that my income will now be too low for me to qualify for a refinance. I hate to …
How Will Foreclosure Affect My Credit Score
Q: I was recently divorced and bought a home. However, I have a rental property in an area which is quite depressed and where crime has increased. Homes in that area are now selling for about $15,000 and there are …
How To Buy A House After Foreclosure
Q: My husband and I lost our home to foreclosure in October, 2007 after my husband lost his job. We really want to become homeowner’s again and were wondering about the benefits of signing up with one of the non-profit …
Car Buying and Leasing May Affect Credit Scores
Q: I recently traded in an old lease vehicle for a new one. The payment is slightly lower on the new car than it was on the old car. When they ran my credit score, it was 747. How much …
Jumbo Mortgage Loans Harder to Get
It sounds like another round of bad news for the mortgage industry. The government has made it clear that no one is constitutionally entitled to a government-backed mortgage of up to $729,750, no matter where you live. Even in places …
