Qualifying
How to choose suitable home loans
Tuesday, February 26th, 2008When we decision to sign a contract for the sale, we should start looking for mortgage companies to get loans in accordance with contracts on time transactions, the purchase of the entire housing process to be completed. In your application for housing loans, we must first understand the current market individual banks which products to [...]
Gift Letter
Monday, February 25th, 2008Gifts - with the proper documentation - can be from relatives, friends, an employer, church, municipality, or nonprofit organization. Lenders often have stricter restrictions on gifts from friends and relatives other than parents.
Having generous parents is nothing to hide. An estimated one-third of first-time buyers purchase their home with a loan or a money [...]
How bad is a previous foreclosure on credit?
Monday, January 14th, 2008A property foreclosure is one of the most damaging events in a borrower’s credit history. In terms of the effect on credit history, a deed in lieu of foreclosure or a short sale is not as adverse an event as is a forced foreclosure.
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What can I do if I have bad credit?
Monday, January 14th, 2008While some people have rebounded from a foreclosure to buy another home within several years, credit problems stemming from a foreclosure can continue much longer for others.Real estate experts say you should be candid with your lender in discussing these issues. If your bankruptcy resulted from losing your job due to your employer’s financial difficulties, [...]
How do you clear up bad credit?
Monday, January 14th, 2008There is no fast and easy way to repair damaged credit that took months or years to occur. The law allows negative information to appear on an individual’s credit record from 7 to 10 years. Now, many states have specific timeframes if you challenge a credit blemish.The first step is to check your existing credit [...]
Can I refinance after bankruptcy?
Monday, January 14th, 2008Refinancing may be prudent but could be difficult after a bankruptcy. If you’re considering bankruptcy, you may want to go to your current lender first and explain the situation. If you have been current on your payments, the lender may be accommodating and refinance your loan, easing your financial situation.
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