CarolinaMortgageConnection.com

Archive for January, 2008

Special Contribution Article

I was given a bit of advice from a friend who had a bankruptcy removed from his credit report on his own without paying anyone a dime.  The idea is very simple.  He found out that after a certain number of years, the county moves it’s records from a paper file to microfiche.  (In his case, it was 3 years.)  He waited until 3 years had passed and then Read the rest of this entry »

Special Contribution Article

Just a recap of what’s changing this past week.  If you have some deals going on, these changes could affect you. Read the rest of this entry »

Special Contribution Article

In anearlier blog about credit repair I had talked about a method of improving one’s credit score by “piggybacking” on someone else’s good credit.  The theory is simple, and here’s one example:  a student with virtually no credit wants to start building some.  He gets mom or dad to add him as an “authorized user” on one of their credit cards.  Technically he becomes able to use the account, but is not responsible for payment (they don’t even have to give him the card).  But the years of good credit history from mom & dad instantly pop up on his credit report and jacks his score up.  Then he can go out and start building credit MUCH easier than starting from scratch. Read the rest of this entry »

Special Contribution Article

The Top Ten Credit Dos and Don’ts During the Mortgage Loan Process

Keep in mind the actual lender will pull their own credit report at closing, and if your credit scores have dropped, you may no longer qualify for the rate that was underwritten and the final approval may come back with a higher rate. Unfortunately, all lenders qualify you by your credit score as to which criteria you fit and every loan has different criteria attached. The loan to value, the debt to income ratio and so on etc. This is what borrowers do not understand, and they think the loan officer is baiting and switching. They are not. If an issue comes up that the lender decides you do not qualify for a certain loan, the only thing a loan officer can do is shop for lenders and see if any are willing to give the rate and program they thought you qualified for. If you have good credit and know your score, the loan officer can give you an idea what he or she can offer based on what you say.  But do not expect them to stand by their quote if and when they pull your credit your scores have dropped.

Following are some helpful tips to avoid the credit mistakes that many borrowers make during the loan process:

Read the rest of this entry »

In my new blog series “Adjusting to Life in Charlotte”, I will try my best to help those either new to any area become comfortable with their new environment.  Please chime in with comments if you have any suggestions like “please, no more blogging…you write worse than my beagle.”

I have to admit that when Tabitha and I made the leap to move to Charlotte, I felt completely out of place.  I have moved out of state twice in my life, this being the second.  The first time was for college, which was an experience all unto its own.  My sister lived at home through her late 20’s.  At 17, I was dropped off, said by goodbyes, and I was on my own.  Read the rest of this entry »

Just when you think you’re through…you’re hit with the selection process (floor coverings, cabinet styles/colors/accessories, appliances, etc.) and, you’ve got your work cut out for you!  There’s more than meets the eye when it comes to selections.  I have been involved in this process with my clients several times in the last month, today being the most recent.  So, I thought I would share my coaching ’style’ that I use with my new home Buyers.  I am posting this on ActiveRain to ease the ’stress’ of this part of the transaction for you and so that my distinguished peers can make additional contributions to further assist you at this very excitinig time in the homebuying process. Read the rest of this entry »

Special Contribution Article

Planning Your Mortgage and Seeking Pre-Approval

The Benefits of a Professional Consultant

Choosing a good lender is a key element in managing your mortgage.  A professional consultant won’t just provide a loan, they will help you select the one most beneficial to you and your long-term goals, and then, help you manage that debt over time. There are not many lenders out there who provide this type of personalized service. Read the rest of this entry »

Special Contribution Article

What Lenders Look for in Home Applications

Once your loan application is filled out and sent to the lender for review, the first thing they will look for is your ability to payback the loan you are requesting. A grand slam loan package is Read the rest of this entry »

In the short time I’ve been blogging, I’ve managed to rack up quite a few posts.  So this being the new year, I thought I would take this momentous occasion to let you get to know me a little better.  So this is me interviewing myself on the topic of yours truly.    Read the rest of this entry »

2008 may be your last chance to get a great rate!

Experts are saying that rates may be heading upwards, and while they are still low, the time to lock in your Great Rate in ‘08 is now!

Apply for a mortgage or refinance Now