First Time Home Buyer Tips, Best Mortgage Rates
Credit doesn’t have to be confusing. We’ve worked with thousands of North Carolina homebuyers who had questions about collections, charge-offs, late payments, and how long to wait after a bankruptcy or foreclosure. This section is full of helpful articles that answer those questions in plain language. We explain how lenders look at credit scores, what credit bureaus track, and how mortgage credit reports are different from the ones you see online. You'll also find tips on building credit from scratch, using rent or utility payments to improve your score, and how authorized user accounts may help. If you’re planning to buy a house in the next 3 to 12 months, now is the time to get your credit mortgage-ready. Whether your score is already in good shape or needs a little work, we’ll walk you through the process with practical steps that make sense. Better credit = better loan options!
Medical Collection Boo-Boo's are usually the hardest things to remove from a credit report, even though the Fair Credit Reporting Act does have pretty strong language about them. Fortunately, Medical …
Continue Reading about Medical Collections and FHA Mortgage Change July 1, 2012 →
Many of the people we talk to are trying to find our what the Minimum Credit Scores we need to help them get a mortgage loan are. Often times we talk to folks who are ready to buy a house, and they …
Continue Reading about Why Are My Credit Scores Different?? →
FHA Announced a BIG Change that will take place this summer. According to the FHA Mortgagee Letter 2012-3, beginning July 1, borrowers with ongoing credit disputes totaling more than $1,000 will have …
Continue Reading about FHA Says: Pay Off Disputes Over $999 →
FICO keeps track of credit scores, and it recently released information that over 43 million people have a credit score under 599. The minimum credit score for purchasing a home (or just about …
We've written many times here about writing dispute letters when you have incorrect items on your report. In addition to this, you could improve your Credit score by 50 points if you would do the …
Continue Reading about Improve Your Credit Score 50 Points – NOW! →
I've had several of these questions lately, and I figured I'd let you know what I'm seeing. Just because you have a repossession on your credit report does not mean that you have to delay in …
Continue Reading about I Have A Repo on My Credit Report Can I Buy a House? →
Stephen Thorne
Mortgage Loan Officer
NMLS 60596
Eleanor Thorne Mortgage
Loan Officer
NMLS 67179
Advantage Lending is an Equal Housing Lender. NMLS NMLS #5687 (NMLS Consumer Access), NC License L-161797 Certain limitations apply, call for details. Corporate Office 7521-101 Mourning Dove Road
Raleigh, NC 27615. Phone Number (919) 532-7300
