For those clients that need assistance correcting errors or past blemishes on their credit report and would like to work with a professional firm, we recommend the following firm:
CreditMac – www.creditmac.com
CreditMac offers a refreshingly simple and consumer friendly pricing model – they get paid when they deliver results! Visit their site for details.
Many of our clients regularly ask us to help explain the mysterious credit scoring system. The below image, courtesty of http://www.720creditscoretoolkit.com does a great job of accurately depicting the various components of your credit score.
As you can tell, the payment history on your accounts is the most important factor affecting your credit score. The second [...]
The subprime mortgage meltdown had a chaotic effect on the US economy and world financial markets in 2008. After the subprime banks closed en masse, the Alt-A lenders were shut down, eliminating all aggressive financing options in the US mortgage market. This has led to a major credit crunch and has had a disastrous effect [...]
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News from the blog
- USDA Loan Update – Important Please Read
- HUD Removes FHA Mortgage Origination Fee Cap
- Improving your credit score
- USDA Loans – Min Credit Score
- Loan Modifications
- Jumbo and Super Jumbo 5-year ARMS – HOT
- Georgia Senate Bill 57 Defeated!
- Super Jumbo Loans and Mortgage Rates
- Getting a Loan After a Foreclosure – An all too Real Reality for Many Borrowers
- Investor Loan Rates
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