A Credit Report consists of four basic areas:

Your personal information - name, address, Social Security number, date of birth, and employer are what you want to look at.
 
Your payment history - this includes your mortgage history, credit card history, installment loans, student loans, collections and any other revolving debt.  Usually your credit score is displayed […]

Posted in Borrower Resources, Your Credit 3 Comments »

If you follow the news, chances are you have heard about the president’s economic stimulus package.  This package, together with recent rate cuts, have garnered headlines over the past week.  What does all this mean to you?
Well, the stimulus package will do a few things.  What most people hear about is the tax rebate, $600 […]

Posted in Borrower Resources, Current Events 1 Comment »

 Neg-am loans have received a lot of press lately, mostly negative.  There are beneficial reasons to have a neg-am loan, but it is important to know all the facts surrounding these loans before deciding if they are right for you. A neg-am loan goes by many names, pick a payment loan, 1% loan and option arm […]

Posted in Borrower Resources, Loan Types Comments Off

Before going out to shop for a home, you really should have a good idea of what you can afford.  You can get a general idea of what your payments would be by using one of our mortgage calculators, but to know how large of a mortgage you can actually qualify for, you should talk […]

Posted in Borrower Resources, Buying a Home Comments Off

 Continuing our topic from yesterday, I will be addressing mortgage rates today.  They have been falling.  In fact, the fed cut rates this morning by .75%!  What does that mean to you, will they continue to fall, and is now the right time to look into a refinance?Many people hear the news that the fed […]

Posted in Buying a Home, Current Events Comments Off