Wouldn’t it be FUN to own a home? Your own backyard, your own bedroom you can paint anyway you want? AND… get cash back from Uncle Sam?! Minimum credit score requirements for FHA Loans in NC are pretty low, and you can get a down payment GIFT or Assistance from the State of NC to buy a house! The […]
Did you know that if you are using the “Same As Cash” options available through department stores, like Best Buy, Macy’s or Rooms To Go you might not be helping your credit scores? The folks we help found that their credit scores (especially FICO) took a dive when they utilized these types of credit. Why? Well, […]
This is a question that was posted recently on Trulia Voices… “Looking for a Home in the Triangle. I think I’ll be ready to purchase in March of 2015. When should I apply for a mortgage???” People who are considering a move to the Triangle need to plan for their home purchase. If you will be […]
The FHA mortgage loan program offers some of the most flexible financing available for today’s home buyers! Unlike qualifying for a VA Mortgage loan (where you must be a qualifying Veteran for a VA home loans ) or a USDA Home Loans where there is a “footprint” or Eligibility Map of where you can purchase – FHA has far fewer […]
In the “good old days,” (just last summer), you didn’t really need a credit score to purchase a home… TODAY, even FHA wants to see some “traditional” credit. If you are interested in buying a home in NC, then you need to re-think your budget, and re-consider having credit cards. By adding positive information to your credit […]
When you are trying to increase your credit score – TIME is a big factor.
How long has it been since you missed a payment. For Car Loans and Mortgage Loans – that number MUST be 12. Meaning you have NO LATE PAYMENTS in the last 12 months.
If you are considering a mortgage in NC, then you probably need to know more about Mortgage Credit Scores, and the minimum credit scores needed to qualify for a mortgage in NC. We counsel folks about this all the time, and we’ve found that what kind of credit cards you use, the balance on those […]
We sometimes work with folks for 12 months or more to fix their credit so that they can buy a house. Often times, we need for them to add more GOOD items to their credit reports – because the only current information they have on their credit report is bad. Sometimes the easiest way to […]
If you lost your job, and you are going through a Foreclosure, Short Sale or Bankruptcy we know that this is a tough time. Many people think they might not be able to buy a house again – the good news is that, if you can just get past this rough spot – there are […]
Maxine embodies my favorite RANT! Okay folks, listen up! Mortgage Loan Guidelines are changing – and we need scores that are much higher than most of you have! So here’s what I need you to do… Quit doing business with 3rd party credit providers! PLEASE! If you get a Potterybarn card – it’s not really […]