Credit Score

Older posts

A moment for Boston

Your Guy for That Tuesday, April 16th, 2013 No Comments

moment-of-silence

All of us at Your Guy for That and Intown Focus Realty wish to extend our deepest heartfelt sympathy to the families, friends, and loved ones of the recent Boston Marathon tragedy.

There is no words, no gesture, and no thing can take the biting sting from loss; and only the honestly offered hand in wanting to help can be shown to help ease this painful path.

We ask all who wish to help in some small way, look to donate through your local Red Cross Disaster Teams, as they struggle to assist those in Boston. The link below will take you to their national donation website.

https://www.redcross.org/donate/index.jsp?donateStep=2&itemId=prod10002

Please take a moment of silence for those whose lives were lost, or changed during this horrific time.

The Boston Marathon tradition… Continue Reading A moment for Boston

Posted in Atlanta, Atlanta Beltline, Buyer Tools, College Park, Credit Score, East Point, Fannie Mae, Featured, Feed, FHA, First Time Homebuyers, Foreclosure, Fort McPherson, Freddie Mac, Fulton County, Green Homes, Hapeville, Home Inspections, Home Maintenance, Homepage, Interest Rates, Investment Real Estate, Legal Issues, Metro Atlanta, Mortgage Assistance, Mortgage Insurance, Mortgage News, News & Reports, Open House, Real Estate, Renting, Schools, Sellers, Short Sale, Small Business, Taxes, Uncategorized

YOUR CREDIT–The First Thing to Do Before Buying a Home

Your Guy for That Tuesday, February 26th, 2013 No Comments

By Gerri Detweiler | Credit.com 

Home prices in most parts of the country are just about as affordable as they are likely to get, and mortgage rates remain super low. Together, those factors mean that many people are thinking about buying a home. Some will be first-time homebuyers, while others will be “boomerang” buyers who lost their homes in the housing meltdown but are now hoping to get back in. Still others may see this as the best time to upgrade to a larger home, downsize to a smaller one, or to move to the retirement locale of their dreams.

Whatever your motivation for buying a home, unless you are going to pay cash for the property, there’s one essential step you must take first: get your credit reports and credit scores.

The reason? Your credit scores will hel… Continue Reading YOUR CREDIT–The First Thing to Do Before Buying a Home

Posted in Atlanta, Atlanta Beltline, Buyer Tools, College Park, Credit Score, East Point, Feed, First Time Homebuyers, Fort McPherson, Fulton County, Hapeville, Homepage, Legal Issues, Metro Atlanta, Mortgage News, News & Reports, Real Estate, Small Business, Uncategorized

How to get a mortgage without a credit score

Your Guy for That Tuesday, February 19th, 2013 No Comments

mortgage-rates37

Here are the alternative routes to approval.
By Michele Lerner of HSH.com

© OJO Images/Getty Images

For many homebuyers, establishing credit came naturally once they began working, applied for a credit card, took out a car loan or paid back student loans. But what about potential homebuyers who don’t have a credit score, either because they are averse to credit cards or have yet to build up a substantive credit history? Can they still apply for a mortgage?

The answer is yes, but “it’s exceedingly difficult to obtain a mortgage without a credit score,” says Tim Ross, president and CEO of a mortgage company, in Royal Oak, Mich. “Lenders use automated underwriting systems that base a loan decision on certain criteria, including a credit score. But there are s… Continue Reading How to get a mortgage without a credit score

Posted in Atlanta, Buyer Tools, College Park, Credit Score, East Point, Featured, Feed, First Time Homebuyers, Foreclosure, Fulton County, Hapeville, Homepage, Metro Atlanta, Mortgage Assistance, Mortgage News, Real Estate, Short Sale

Fulton County School Board: Reject the proposal to acquire homes for East Point School!

Your Guy for That Monday, November 12th, 2012 No Comments

Petition by Jenny Stone, East Point, GeorgiaPetitioning President, Fulton County School Board Friends,
Many of you have been instrumental in communicating to the Fulton County School Board your thoughts on the proposal being made to include our home, and several others, in a land acquisition in order to rebuild an elementary school in East Point. At this juncture, we cannot block the Fulton County land acquisition group from making their proposal. But, we can make strides to encourage the School Board to reject options that would include private land acquisition.  We do not have a firm date on when the proposal will be made to the Board. But, we believe it to be in the new year. As such, we need your help again to ensure that the Board has heard from people that are in objection to ho… Continue Reading Fulton County School Board: Reject the proposal to acquire homes for East Point School!

Posted in Atlanta, Atlanta Beltline, Buyer Tools, College Park, Credit Score, East Point, Fannie Mae, Featured, Feed, FHA, First Time Homebuyers, Foreclosure, Fort McPherson, Freddie Mac, Fulton County, Green Homes, Hapeville, Home Inspections, Home Maintenance, Homepage, Interest Rates, Investment Real Estate, Legal Issues, Metro Atlanta, Mortgage Assistance, Mortgage Insurance, Mortgage News, News & Reports, No New Taxes, Open House, Real Estate, Renting, Schools, Sellers, Short Sale, Small Business, Taxes, Uncategorized

How Opening a New Account Will Affect Credit Score

Your Guy for That Wednesday, October 31st, 2012 No Comments

Approximately 10% of a FICO score is based on new credit. The reason for this is that research shows that opening several credit accounts in a short period of time represents greater risk, especially for people who do not have a long established credit history. The FICO score takes into account:   

How many new accounts one has and the type of account.
How long it has been since one opened a new account.
How many recent requests for credit one has made. “Inquiries” remain on a credit report for two years, although FICO scores only consider inquiries from the last 12 months. When someone has their own credit report pulled, this does not count as inquiry nor affect the FICO score.
Length of time since creditor made inquiry.
Whether one has a good recent credit history, … Continue Reading How Opening a New Account Will Affect Credit Score

Posted in Atlanta, Atlanta Beltline, College Park, Credit Score, Feed, First Time Homebuyers, Fort McPherson, Fulton County, Hapeville, Homepage, Interest Rates, Metro Atlanta, Mortgage News, Renting, Schools, Small Business, Uncategorized

Important Information About Your Credit Score and Renting…

Your Guy for That Monday, September 24th, 2012 No Comments

Experian Now Reporting Rent Payments on Credit Reports

Experian has become the first credit bureau to begin reporting a consumer’s rent payment history on credit reports.  Doing so will help Experian identify risky potential renters, reduce bad checks, and minimize property damage.  In addition, the reporting of this information will help those with limited credit but a favorable rent payment history be able to more easily qualify for a mortgage as it will add another key account on their credit bureau. Experian is having success getting the larger property management companies to report this info and we are starting to see these accounts show up on credit reports.  There really isn’t a system in place at this time to enable smaller landlords to report rent information, but there i… Continue Reading Important Information About Your Credit Score and Renting…

Posted in Atlanta, College Park, Credit Score, East Point, Feed, Fulton County, Hapeville, Homepage, Investment Real Estate, Legal Issues, Mortgage News, News & Reports, Real Estate, Renting, Small Business, Uncategorized

Ten Commandments When Applying for a Real Estate Mortgage

Your Guy for That Wednesday, August 29th, 2012 No Comments

 Ten Commandments When Applying for a  Real Estate Mortgage
1)  Thou shalt not change jobs, become self employed or quit your job. Lenders like consistency.  Changing jobs within your field shouldn’t be a problem.
 2) Thou shalt not buy a car , truck, van or boat, Or you may be living in it
3)  Thou shalt not use charge cards excessively or let your accounts fall behind
4)  Thou shalt not spend money you have set aside for closing
5)  Thou shalt not forget to file your tax returns, all loans require 2 years tax returns these days, no matter your field of business
6)  Thou shalt not buy any big ticket items.
7)  Thou Shalt not originate any new inquiries into your credit or open any new credit lines.
8) Thou shalt not make large deposits into your checking or saving… Continue Reading Ten Commandments When Applying for a Real Estate Mortgage

Posted in Atlanta, Atlanta Beltline, College Park, Credit Score, East Point, Fannie Mae, Feed, FHA, Fort McPherson, Freddie Mac, Fulton County, Hapeville, Homepage, Interest Rates, Metro Atlanta, Mortgage Assistance, Mortgage Insurance, Mortgage News, Real Estate

Credit Xpert Can Help You

Your Guy for That Monday, August 27th, 2012 No Comments

Credit Xpert

The minimum credit score needed to get an FHA loan these days is 640.  It is true that many people have major credit problems and won’t be able to buy anytime soon period.  However, many potential buyers are not far from the 640 threshold and just need a little help and guidance to get over the hump.  Fortunately, at Fairfield, we have access to technology which enables us to inform these people what they need to do to get their score over 640.

The system we use is called Credit Xpert and it uses a “what if” simulator to let us know how much specific actions taken by a potential buyer will impact their credit score.  One of the most impactful things a buyer can do to improve a score is to pay down credit cards.  The scoring model penalizes one’s score… Continue Reading Credit Xpert Can Help You

Posted in Atlanta, Atlanta Beltline, College Park, Credit Score, Fannie Mae, Feed, FHA, Fort McPherson, Freddie Mac, Fulton County, Hapeville, Homepage, Interest Rates, Metro Atlanta, Mortgage Assistance, Mortgage Insurance, Mortgage News, Real Estate

FREE Home Buyer Workshop: July 21, 2012

Your Guy for That Tuesday, July 17th, 2012 3 Comments

Next FREE Workshop – July 21, 2012 @ 1:00 PM
You are invited to attend this FREE Workshop on July 21, 2012 where you’ll learn why we are experience market conditions that we’ve never experienced before and how to navigate the home buying process in this ever changing environment. Some homes are selling for pennies on the dollar while others sell for over asking price. Some homes have been on the market for a year or more while others go under contract before you even find them online. Do you know why? Join us and find out! Scroll down to register and save your seat.

Rental Rates are on the Rise
There has never been a better time to enter the real estate market, particularly with climbing rental rates. So why throw away money on rent when you can be your own landlord?

Mortgage R… Continue Reading FREE Home Buyer Workshop: July 21, 2012

Posted in Atlanta, Buyer Tools, College Park, Credit Score, East Point, Fannie Mae, Feed, FHA, First Time Homebuyers, Foreclosure, Freddie Mac, Fulton County, Hapeville, Home Inspections, Interest Rates, Legal Issues, Metro Atlanta, Mortgage Insurance, Mortgage News, News & Reports, Real Estate, Renting, Sellers, Short Sale, Taxes

FREE Home Buyer Seminars Return to East Point

Your Guy for That Monday, February 27th, 2012 No Comments

There has never been a better time to enter the real estate market, particularly with climbing rental rates. So why throw away money on rent when you can be your own landlord?

Mortgage rates are near historic lows. Great homes haven’t been this affordable since 1997, and the  market is full of highly motivated sellers. Fairfield Mortgage will be on-site to answer financing questions and to offer pre-qualification.

So you’re interested but don’t know where to start? East Point is offering a free seminar for potential first time home buyers and you are invited to join us at any one of the following seminar dates:
2012 Seminar Dates:
March 17th
May 19th
July 21st
September 22nd
All Seminars will be in the Blue Room at Jefferson Park Recreation Center and start promp… Continue Reading FREE Home Buyer Seminars Return to East Point

Posted in Atlanta, Buyer Tools, College Park, Credit Score, East Point, Fannie Mae, FHA, First Time Homebuyers, Foreclosure, Freddie Mac, Fulton County, Green Homes, Hapeville, Home Inspections, Home Maintenance, Interest Rates, Investment Real Estate, Keller Williams, Metro Atlanta, Mortgage Insurance, Mortgage News, News & Reports, Open House, Real Estate, Renting, Taxes
Older posts