All Posts Tagged With: "credit"
Late To Work? Why You’ll Be Fired
You hear it all the time. “But boss, I’m only five minutes late. What’s the big deal?” Actually, it’s a very big deal. “Unfaithfulness in the keeping of an appointment,” said Horace Mann, the great educator, “is an act of clear dishonesty. You may as well borrow a person’s money as his time.” No one [...]
1Mar2009 | Peter G. Miller | 0 comments | Continued
Do We Have To Make The Last Mortgage Payment When Refinancing?
The closing agent will check with your current lender prior to settlement to get a pay-off for the existing loan. If you have a payment due on the first of the month some will tell you it should be paid. Others in the lender community argue that it’s okay to bring the last payment to [...]
27Feb2009 | Peter G. Miller | 0 comments | Continued
Uncle Sam’s $8,000 For First Time Home Buyers
The government is hoping if you don’t now own a home that you’ll make the logical choice and buy one this year. If you do, there’s an $8,000 credit from Uncle Sam available to help you out. Last year the government announced that if you were a first time buyer and bought a home that [...]
21Feb2009 | Peter G. Miller | 0 comments | Continued
Should I Co-Sign A Cousin’s Mortgage?
Question: I have been asked to co-sign a mortgage. I am not thrilled by this request, but because a cousin is buying I have a sense of obligation to help. If I co-sign, what percentage of the loan must I re-pay if the buyers default? Answer: Co-signing a loan is a serious matter. In essence, [...]
10Nov2008 | Peter G. Miller | 0 comments | Continued
Are Late Mortgage Payments Ever Okay?
Question: We have paid our mortgage several days after the due date but before the lender charges a late fee. Does this lower our credit score? Answer: You need to look at this very carefully. A mortgage is a contract. It has certain terms and conditions. You want to honor all conditions. In the usual [...]
8Oct2008 | Peter G. Miller | 0 comments | Continued
Will Your Home Equity Line of Credit Be There When You Need It?
If you have a home equity line of credit — what the industry calls a “HELOC” — you probably think of it as a financial safety net, quick cash you can access in times of emergency or when you face a big expense that can’t otherwise be paid all at once. Unfortunately, HELOCs have been [...]
20Sep2008 | Peter G. Miller | 0 comments | Continued
Has Your Credit Changed?
It’s a combination car, pick-up truck, and SUV. You really want it. The features are great, the style is the latest, and it’s affordable — after the downpayment the cost is only $300 a month. “Would you buy this car today if I can include the genuine wood grain, rubberized, side moldings?” asks the salesman. [...]
15Sep2008 | Peter G. Miller | 0 comments | Continued
Will Late Bill Paying Impact A Mortgage Application?
Generally no, because credit reports largely deal with payments that are at least 30 days late. However, be aware that being late may cause you to violate loan and credit agreements, such as mortgage contracts. While many creditors have a grace period during which late fees are not assessed, a late payment is still — [...]
12Sep2008 | Peter G. Miller | 0 comments | Continued
Mortgage Relief for Hurricane Gustav Victims
It’s become a kind of ritual, the word from major mortgage lenders and loan owners providing relief in the face of hurricanes, tornados, fires, earthquakes and other natural disasters. What can impacted mortgage borrowers expect with hurricane Gustav? Looking at past practices from 2005 with Katrina, Rita and Wilma, Fannie Mae, Freddie Mac and most [...]
11Sep2008 | Peter G. Miller | 0 comments | Continued
Mortgage Help for Hurricane Ike Victims
It’s become a kind of ritual, the word from major mortgage lenders and loan owners providing relief in the face of hurricanes, tornados, fires, earthquakes and other natural disasters. What can impacted mortgage borrowers expect with hurricane Gustav? Looking at past practices from 2005 with Katrina, Rita and Wilma, Fannie Mae, Freddie Mac and most [...]
10Sep2008 | Peter G. Miller | 0 comments | Continued
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