Purpose of Credit Scores
By · CommentsWhat is the purpose of credit scores? Most believe it’s a grade or report card. Credit insiders have a totally different view. Does this impact your life?
You bet it does. Credit insiders (providers of credit information and lenders) don’t see credit scores as a ‘grade’ on our past. Yes, current and past data is used but to what end? This is where the impact on you arises. Read More→
How Many Credit Scores Do I Have Anyway?
By · CommentsAs a loan officer I get this question often: “How many credit scores do I have anyway?” A straightforward question. Answer a bit complicated.
To be frank I don’t know the correct answer. Since I deal in mortgages my world revolves around FICO scores. As a result I will limit my answer to FICO scores. Some folks are surprised to learn they have more than one. Others think the answer is three. Surprise. Read More→
Impact of Underwater/Upside Down Mortgages
By · CommentsGood news on real estate market these days. Does this mean the housing crisis is over? Or will impact of underwater/upside down mortgages derail the market?
Buyers are entering the market at a faster pace than sellers. Price trends show prices are rising. Interest rates seem like they will stay low for a while. Things are looking good for real estate. Is housing crisis over? Read More→
Keep your home. Stop foreclosure – get loan modification – 100% guarantee. We have special relationships with banks to speed up the process. Learn more.
Over 90% of our clients receive relief. We’re affiliated with the government. Can you resist such an offer? Should you? What do you have to lose? More than you think. Read More→
Refinance Investment Property to Capture Appreciation
By · Comments“How soon can you refinance investment property to capture appreciation?” This is an important question when you put your own money into investment real estate.
I was having lunch with Leslie. She was doing well and she started investing in single family residential real estate. Over coffee she picked my brain. She bought a house that needed some work. This would increase the value so she asked “How soon can you refinance investment property to capture appreciation?” Read More→
Is your credit card and social security numbers on the internet, they most likely are. Is it identity theft? You decide. I’ll name two websites.
The red light was on; I had a message. Caller didn’t identify herself. I did a reverse number lookup and got more than I bargained for. There for the world to see was his social security number and 3 credit card numbers with expiration dates and 3-digit security codes. That’s not all. Read More→
Barbara Godin – Mortgage Loan Officer
Kathy Godin – Branch Manager
