All Posts Tagged With: "report"
Will Lower FHA Loan Limits Impact You?
So how big a deal are the lower FHA loan limits scheduled for October 1st? According to a new study from George Washington University, not much. A new report by Robert Van Order and Anthony Yezer shows that “the FHA still could serve 95 percent of its historic targeted market even if the maximum FHA [...]
5Jul2011 | Peter G. Miller | 0 comments | Continued
Foreclosure robo scandal may impact millions of mortgages
At first robo-signing seemed to be just a problem for courts and lawyers — in few situations would foreclosures be reversed. But now the Congressional Oversight Committee says the damage may be far greater than first believed and could impact millions of mortgages as well as mortgage-backed securities worth trillions of dollars. “In the best-case [...]
16Nov2010 | Peter G. Miller | 1 comment | 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 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 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
How much do I need for a good credit score?
Different loan programs have different credit score requirements. One loan may require 680 for the best possible rate while another may demand 740. Because credit requirements differ it pays to speak with several lenders to find the one with the program that will best meet your needs at the lowest rate. As a matter of [...]
9Sep2008 | Peter G. Miller | 0 comments | Continued
Curious “Check” Hides Important Mortgage Questions
Near where I write these words sits a check for almost $50,000. Well, it sure looks like a check when seen through an envelope window, and the envelope in which it came certainly has a lot of important-sounding language on the outside. In fact, if not careful you might mistake the envelope for those used [...]
1Sep2008 | Peter G. Miller | 0 comments | Continued
How Will A Mortgage Application Be Impacted If I Don’t Pay My Credit Card?
The debt will likely show up on credit reports. If it does show up you will need to pay it off. If an unpaid debt is on your credit report a lender will ask for an explanation. You can then write that there was a debt, there was bad judgment, you realize you were wrong, [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
How Can I Improve My Credit?
First, get a copy of your current credit report. It may not be as bad as you think. Ask creditors to remove old and incorrect items. You can get a free credit report by pressing AnnualCreditReport.com. Second, start speaking with lenders. Be truthful. Explain any past problems. Pre-qualify with one lender and have your credit [...]
29Aug2008 | Peter G. Miller | 0 comments | Continued
How Can I Get A Credit Report Online?
Under the Fair and Accurate Credit Reporting Act (FACTA), all consumers are entitled to one free credit report every 12 months from each of the three major credit reporting bureaus. This means you can get three free credit reports per year. You can get a free credit report by going to annualcreditreport.com. This is a [...]
29Aug2008 | Peter G. Miller | 0 comments | Continued
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