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Thursday, August 22, 2013

Seeing is better than words.

This is a great Supermarket commercial. Not a word spoken, and none needed. People watch you and do not need to hear your words.

Tuesday, August 20, 2013

FHA Changes will help some borrowers, Short Sale, and Bankruptcy. Now how about the Lenders?

The FHA has made it drastically easier for once-struggling homeowners to qualify for an FHA loan. The Federal Housing Administration has announced in a letter to mortgagees that it will reduce the time homebuyers must wait after a bankruptcy, foreclosure or short sale before qualifying for an FHA-backed mortgage. The period had previously been two years following a bankruptcy, and three years following a foreclosure or short sale. The agency has now reduced the waiting period to one year. Credit over all will still play into this. See here about Mr. Will

Wednesday, August 7, 2013

Credit Scores Ever wonder? My credit scores were 610 and we were told we needed 640 or better. My partners Howard and Julie mentioned to me about a very legal and Good way of changing the scores. 1- By lowering the current balances on you credit cards 2- Ask if all payments have been paid on time the last year or so to have you limit increased and Walla scores will go up. Takes a month or so unless you willing to pay for a rapid re score. My thinking is get this done now and get your Pre-Approval for your new home. See our Web Page