Good credit translates to lower interest rates for borrowers. Here are just a few quick tips that can help put you in a better position under the discerning eye of an underwriter! Do you have past due balances that have been neglected? If they are showing up on your credit report and you want to… Continue Reading
Monthly Archives: April 2007
Free Real Estate Investment Seminar May 16th – Getting Started in Real Estate
Free Real Estate Investment Seminar on Wednesday May 16th from 6:30 PM to 8:30 PM at Primary Residential Mortgage, Inc. The Seminar is for New Real Estate Investors. The seminar will show participates how to analysis potential investments, how to aquire the proper financing, what loan programs are available for investors with the current mortgage market,… Continue Reading
The Five Factors of Credit Scoring
FICO (Fair Isaac Company) has shared information regarding the credit scoring model. Consider these five factors when trying to improve your credit: Payment History has a 35% impact. Paying debt on time and in full has a positive impact, and late payments, judgments and charge-offs have a negative impact. Outstanding Credit Balances… Continue Reading
Shopping Around for the Best Delaware Mortgage Rate?
SHOPPING AROUND? HERE’S THE INSIDE SCOOP ON HOW TO DO IT RIGHT! First: make sure you are working with an experienced, professional loan officer. The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising you properly and troubleshooting the issues that… Continue Reading
Should You Leverage Your Home or Pay It Down Rapidly?
Newark, DE – There is a great debate within the inner-mortgage circles these days. Should we, as loan professionals, encourage clients to borrow as much money as possible? Or would consumers benefit more if we helped them to understand the advantages of 15-year amortization schedules and pre-paying principal? Let’s examine the pros and cons of… Continue Reading
Financial News for March 2007
Sales of existing homes unexpectedly rose by 3.9% in February, the largest monthly gain in three years, the National Association of Realtors reported March 23. The price of a median home sold last month dropped to $212,800, down by 1.3% from the same month in 2006, marking a record seven straight months that the median… Continue Reading