This document provides information about the home buying process. It discusses getting a credit report and establishing good credit by paying bills on time and using secured credit cards. It explains how credit is scored according to factors like payment history, debt levels, credit history, new credit applications, and credit mix. The five C's of credit that lenders consider are also outlined as character, capacity, capital, conditions, and collateral. The roles of real estate agents in helping buyers but prioritizing sellers who pay their commission is covered. The steps in getting a mortgage through a bank are pre-approval, application, offer, credit report, providing documents, purchase/sale agreement, appraisal, and closing.
A few answers to frequently asked questions on debt collection from a debtor standpoint.
For more information on commercial debt collection services, go to www.brownandjoseph.com.
Buying a house here’s how to pick a top buyer’s agentPraveen Singh
Buying a house can be a daunting task whether it’s your first time or if you’re a veteran. You’re thinking, OMG where do I start? Who should I talk to? WHAT DO I DO?
We are probably the most experienced Payday Loan Claim Specialists in the UK. We are 100% dedicated to Payday Loan refunds. We do nothing else but fight payday lenders to get a refund for our customers. https://www.redbridgefinance.co.uk
Pawn Loans 101: A Complete Guide for DummiesLee Benhayon
Pawn shop loans can be complicated. Avoid the pitfalls of borrowing from a pawn shop and learn how the loaning process works in this short guide for dummies.
A few answers to frequently asked questions on debt collection from a debtor standpoint.
For more information on commercial debt collection services, go to www.brownandjoseph.com.
Buying a house here’s how to pick a top buyer’s agentPraveen Singh
Buying a house can be a daunting task whether it’s your first time or if you’re a veteran. You’re thinking, OMG where do I start? Who should I talk to? WHAT DO I DO?
We are probably the most experienced Payday Loan Claim Specialists in the UK. We are 100% dedicated to Payday Loan refunds. We do nothing else but fight payday lenders to get a refund for our customers. https://www.redbridgefinance.co.uk
Pawn Loans 101: A Complete Guide for DummiesLee Benhayon
Pawn shop loans can be complicated. Avoid the pitfalls of borrowing from a pawn shop and learn how the loaning process works in this short guide for dummies.
Marcadis Singer PA are debt collection attorneys, our practice is focused exclusively on all matters concerning the collection of money that is owed to individuals and businesses. An often forgotten source of financing is the rapid collection of receivables. If your small business is in need of collection services to help grow your business, don’t hesitate to call.
How To Borrow And Lend Money Using Private Lending. A Step-By-Step Guide And It Is Free. A Great Way To Fund Your Business, And To Make Great Returns In Your Portfolio. Brought To You By www.IAmAnInvestor.com
Understanding your credit score and what factors impact that score are crucial tools for building a healthy credit rating.
Your credit score determines how much you will pay in interest rates to borrow money or even whether you will even get financing in the first place. Credit reports are also used to decide whether to provide you with insurance, housing, and utilities. Even many employment decisions are based on your creditworthiness.
A higher credit score makes you a lower risk to lenders, which, in turn, means you are more likely to get credit or insurance—or pay less for it. It also means you are more likely to get that dream job you worked so hard to achieve.
Keep reading and learn to understand, manage, and improve your credit rating.
Why Do Short Sales Take So Long?
https://longislandshortsaleagents.com/short-sales-in-long-island-ny-2/
Looking for the best agent to help you with the sale of your Long Island NY home in probate? Visit this link now!
Marcadis Singer PA are debt collection attorneys, our practice is focused exclusively on all matters concerning the collection of money that is owed to individuals and businesses. An often forgotten source of financing is the rapid collection of receivables. If your small business is in need of collection services to help grow your business, don’t hesitate to call.
How To Borrow And Lend Money Using Private Lending. A Step-By-Step Guide And It Is Free. A Great Way To Fund Your Business, And To Make Great Returns In Your Portfolio. Brought To You By www.IAmAnInvestor.com
Understanding your credit score and what factors impact that score are crucial tools for building a healthy credit rating.
Your credit score determines how much you will pay in interest rates to borrow money or even whether you will even get financing in the first place. Credit reports are also used to decide whether to provide you with insurance, housing, and utilities. Even many employment decisions are based on your creditworthiness.
A higher credit score makes you a lower risk to lenders, which, in turn, means you are more likely to get credit or insurance—or pay less for it. It also means you are more likely to get that dream job you worked so hard to achieve.
Keep reading and learn to understand, manage, and improve your credit rating.
Why Do Short Sales Take So Long?
https://longislandshortsaleagents.com/short-sales-in-long-island-ny-2/
Looking for the best agent to help you with the sale of your Long Island NY home in probate? Visit this link now!
La Inteligencia Emocional en el Servicio al Cliente. Creando una cultura de servicio empezando desde la conciencia individual a la colectiva. #CoachingDeEquipos
Credit & Debt Issues for Military Familiesmilfamln
For the webinar, Credit & Debt Issues for Military Families, hosted by the Personal Finance Concentration Area of the Military Families Learning Network on September 20, 2016
On January 24, members of Freestar Financial attended a Mortgage Mixer Event. The Vice President of Lending, Jennifer Martines and Realtor, Peter Toering presented the importance of having a good credit score and the documentation you will need in order to start a mortgage application.
My Money Story Series: Credit Karma Talks Finances, Credit, and DebtKabbage
Visit our SlideShare to learn from our partner, Credit Karma, why you should check and build your credit report, best practices for establishing financial health, and how to recover from debt.
First Time Home Buyer Class Sacramento CaliforniaHomeBoom.com
Learn about first time home buyer programs to purchase real estate. First time home buyer loan programs are our there to help you buy your first home. Down payment assistance and special government programs can help with closing costs. HomeBoom.com is a great place to search for the perfect house.
Learn how to manage your credit thereby increasing your credit scores. Learn how and why you should separate your personal credit from your business credit.
7 secrets to getting approved for business financing! Visit www.michaelruiz.biz for more information about building business credit & obtaining financing for your company. Whether you are a startup or an existing company, I can help you with the funding you need to grow and thrive as a business!
Learn the basics of credit in this easy-to-follow, introductory course that includes:
- What credit is and the different types of credit available
- How credit reports and credit scores work and the factors that go into building them
- Common options for building credit
And more!
Click through the slideshare to start your credit-education now.
2. Your Credit Report; What is it?
A Credit Report is a record of where
you work and live, how you pay your
bills, and whether you have been
sued, arrested, or have filed for
bankruptcy.
3. The Many Uses for a Credit Report
•Employers use your credit when hiring applicant’s.
•Insurance companies look at your credit to see if you are a good risk.
•Bank’s pull your credit report to determine if you will pay back your loan.
•Credit Card Companies use them to extend credit.
•Landlords Pull your credit report to judge your character as a potential tenant.
•Businesses can only use it for Valid Reasons
•Good Credit score; Over 700. The range is 500-900
4. Your Financial Resume’ Establishing Good Credit
Pay you debts on time
Open a checking and savings account at a bank
Apply for a secured credit card- (this requires collateral)
Open a retail store credit card or a gas card.
A collateral loan- Using your own money and paying yourself back. Ask if
it is reported to the credit bureaus. Some banks do not report these.
Apply for a co-signed loan with someone that has good credit.
5. HowYourCreditReportIs Scoreaccordingto FairIsaac.
•35% is your payment history on credit cards, installment loans, or mortgage loans. Any public
record items, such as judgments or bankruptcy, and collection items
•30% is your outstanding debt. Amount owed on all accounts and on different types of
accounts, such as credit cards or installment loans. How many accounts have balances. How
close are you to each credit limit.
•15% is your credit history. How long have you been building a credit history,how long specific
accounts have been established and how long since you used each account.
•10%is your pursuit of new credit. How many inquiries and new accounts does your report
show, and how recent are they. How long has it been since the most recent inquiry. Have you
have made on-time payments to re-build your credit after a period of frequent late
payments.
•10%is the types of credit in use. How many accounts are reported for bank cards, travel and
entertainment cards, department store cards, installment loans, and so on.
6. The Five C’s of Credit; What lender’s look for.
1. Character- The likelihood that you will pay back the loan.
2. Capacity- How will you repay this loan.
3. Capital- The amount you are investing.
4. Conditions- The intended purpose for the loan.
5. Collateral- The value of the property.
7. The Real Estate Agents. They work for you
•Make sure you like the Real Estate Agent.
•Make sure there are a member of the Realtor Association.
•If they ask you to sign to work exclusively with them, they are asking for your commitment.
They have to make money and your just wasting their time if your not serious. If you don’t,
you have just dropped down on their priority list.
•If they ask you to sign a Dual Agent disclosure it means they are working with the buyer and
the seller. Since the seller pays them with commission, they are their first priority.
•The Real Estate agents knows all the ins and outs so you would be foolish to buy a house
without one.
•They will work hard for you.
8. Going to the Bank; Steps to getting a mortgage.
•The Preapproval; Most Banks do not pull your credit any more. Debt to Income Only.
•The Application; This is the official start of your relationship with the bank.
•The Offer to Purchase; This holds the house usually so no one else can buy it usually.
•The Credit Report; This is the moment of truth
•The Documents Needed; Things even your mother doesn’t know
•The Purchase and Sale agreement; You better be sure. It is legally binding, to a point.
•The Appraisal; Another Moment of Truth
•The Closing; Exercise you writing hand