Tag Archive for: credit

Credit Inquiries – Way Too Much Concern

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On Friday, I blogged about the difference between consumer credit scores and mortgage credit scores: Does Credit Karma Lie To You? In that blog I pointed out why we need […]Read More

Understanding Your Credit Score And How To Improve It

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There are many components to your individual financial profile that lenders assess when examining a mortgage application. One of the most important is your credit score. A question for many first-time homebuyers is, what is a good credit score? And how can you improve it?Read More

Can I Still Get A Home Loan With A Low Credit Score?

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A critical factor that influences a person's eligibility for a mortgage is their credit score. But what if you have a low credit score? Are you not going to qualify for a loan? This is a widespread concern among homebuyers with low credit scores. However, it's also a tough question to answer because every loan scenario is unique. Here's an overview of how your credit score affects your home loan application.Read More

Obtaining Mortgage Financing After A Forbearance

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RULES FOR QUALIFYING POST-FORBEARANCE With millions of future borrowers in either mortgage or rental forbearance, many people are wondering how forbearances will impact a borrower’s ability to qualify for mortgage […]Read More

Ego, Hubris, Hot Markets, & WAMU’s Collapse

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I don’t share this often but I used to play in a summertime three-on-three basketball league with Steph Curry and LeBron James (they were my teammates). We not only went […]Read More

Four Steps to Prepare for Closing Day in California

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Closing day is the last step for homebuyers in their loan process. All their paperwork gets finalized and the deed of the property is officially transferred to the new owner. Here are four steps to help California homebuyers have an easy closing day!Read More

Buyers Don’t Need a ‘Perfect’ Credit Score to Get a Loan in California

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Buyers in don't need a perfect credit score to get a loan in California. Having a high credit score can help buyers secure a loan with a lower interest rate. However, today’s loans have more forgiving guidelines when it comes to a buyer’s credit, which is especially true with government-funded loans.Read More

What If Spouse Has Horrible Credit? Too Much Debt?

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We frequently get husband/wife borrowers where one spouse has stellar credit and the other has awful credit. Most people know that the solution is simply to do the loan in […]Read More

How To Know If Your Buyer Is Viable

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We often have Realtors with eager buyers who want to view homes before the buyers have been pre-approved by us. To ensure no time is wasted on non-viable buyers, Realtors […]Read More

“Inquiries On Credit Reports” Much Ado About Nothing?

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We have many borrowers who are probably overly-concerned about Credit Inquiries from mortgage companies. Mortgage credit inquiries affect credit scores much less than most people realize. The better one’s credit […]Read More

Bridge Loans – What, When, and Why?

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Bridge loans are temporary financing against a property that a borrower will likely sell. In other words, if a buyer wants to buy a new home before selling his departing residence or existing home, he can get temporary financing against his departing residence to help finance his new home.Read More