What is my credit score currently? What factors make up my score? How do I know if it’s good or bad? How much does it affect my chances of getting a mortgage loan?
These are some of the most frequently asked questions relating to consumer credit. In this article, we will address all of these topics [...]
You’ve probably seen a news story about the latest round of credit card changes taking effect. In fact, this is the second of three “waves” of new credit card laws. The first batch were put into place in August 2009, and the second round will take effect on February 22, 2010. The final set of [...]
There are plenty of articles online that cover the steps needed to get a mortgage broker’s license. So I’m not going to recreate the wheel by addressing those steps here. Instead, I’d like to cover some of the unwritten rules you should know about, if you want to become a mortgage broker in the United [...]
Can I get another mortgage loan after going through a foreclosure process? Unfortunately, this is going to be a fairly common question in American, for years to come. We saw record-breaking numbers of foreclosures from 2008 - 2009, and 2010 is shaping up to be another bad year for the housing industry. So let’s examine [...]
Question: “When does mortgage refinancing make sense, in general? What is the rule of thumb for a refinance, in terms of doing it right?”
To answer this question, you have to identity your primary goal for refinancing. If you’re able to achieve that goal through the refi process, then it might make sense to move forward. [...]