Mortgage Lending Resource

Real Estate in the Sacramento and surrounding areas will see the eye of the storm of Foreclosures over the next 24 months. I was privileged to be a part of a conference call with Brian Brady, America’s Mortgage Broker, where he outlined what to expect in the months ahead with Real Estate and the Mortgage Industry. This is not meant to alarm but to inform so that you can better prepare and know what to anticipate in the Real Estate and Mortgage Lending fields. Here is what I gleamed from Brian... Read Full Story

What are Credit Reporting Agencies? There are three agencies that accumulate data on which to base your credit history and score. They rate the ability of a consumer to pay back a loan and are important to determine the perceived risk element incorporated into interest rates applied to the loan. Equifax P.O. Box 105873 Atlanta, GA 30348 (800) 685-1111 Experian P.O. [...] Read Full Story

Why is having good credit important? A good credit rating is very important as it will impact whether lenders may choose to grant or deny credit, provided you receive fair and equal treatment. Lenders inspect your credit history when they evaluate your application for credit, insurance, employment and leases. I’ve never missed a payment so I [...] Read Full Story

What is a FICO score? A FICO score is a generic term for credit agencies to the score derived from the FICO statistical model.  It measures the relative degree of risk a potential borrower represents to the lender or investor. FICO scores vary from about 375 to 900 points.  If you score at least 680, you are [...] Read Full Story

Who should consider debt consolidation? Many people are able to maintain a sizable amount of credit card debt and only paying the minimum monthly payments for years ending up deeper in debt. Evaluate your position.  You need to assess your debt-to-income ration and determine how much is manageable for you given situation.  If you find that your [...] Read Full Story