What Is A Streamline FHA Refinance The Traditional and Original FHA Streamline which I still offer consist of the following: NO Appraisal NO FICO Score NO Income Verification NO Asset Verification After reading that there is little to nothing in order to qualify; you are probably asking what’s the...

Image via Wikipedia The Federal Trade Commission regulates credit repair services, and they provide free information to help consumers spot, stop, and avoid businesses with fraudulent, deceptive, or unfair practices. Be familiar with the Credit Repair Organizations Act as you seek out a genuine...

Have you ever completed your tax returns only to find out that you owe way more to Uncle Sam than you were expecting – or worse, that your tax bill is more than you can possibly afford to pay right now? Don’t worry. If this is the case, you’re not alone. And, more importantly, you’re...

There are five factors that comprise the credit score. They are listed below in order of importance, just as an underwriter would look at the score: •    Payment History: 35% impact. Paying debt on time and in full has a positive impact. Late payments, judgments and charge-offs have a negative impact....

Image via Wikipedia Benjamin Franklin once said, “In this world nothing can be said to be certain, except death and taxes.” More than 200 years later, this certainly holds true. And while being a homeowner won’t add years to your life, the modern tax code has a number of benefits...

In the 1960s, Fair Isaac Corporation started working on a system lenders could use to evaluate the likelihood of receiving repayment on loans. Prior to that, it was really a matter of trusting an individual to be a “man of his word,” so to speak. Fair Isaac sought to take human error out...

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today, within the target range of 0.000-0.250 percent.  This doesn’t mean the Fed stood pat, however. On plan to resurrect the economy using “all available tools”, today, the Fed announced a new, $1.5 trillion...

The basis of most mortgage lending is credit scoring.  In general, the higher a person’s credit score, the lower his offered mortgage interest rate. Despite the many credit scoring models in use today, however, just 3 are relevant to American homeowners: The Equifax BEACON® score The Experian...

MyFico.com has shared information regarding the credit scoring model.  Consider these five factors when trying to improve your credit. Payment History has a 35% impact. Paying debt on time and in full has a positive impact, and late payments, judgments and charge-offs have a negative impact. Outstanding...

Lending is in an evolutionary phase as I type this; the way in which loans are done is evolving into a process of approval first, rate lock last, which is the opposite of how it used to be. In the past, we locked rates, even if we were not sure the loan could even be done, and then just tried to make...