Phishing Lures Hit Home Mortgages

mortgage phishing lures hit home

I received an e-mail on one of my unadvertised accounts from my mortgage lender, announcing that it had been trying to get in touch with me and asking me to respond with all sorts of personal information. I was, of course, suspicious, since my lender has my address and phone number, and has been informed [...]

Avoid Getting Hooked by Debt-Reduction Schemes

avoid debt reduction schemes

Get rid of debt fast and easy, for pennies on the dollar. If the deal sounds too good to be true … well … you know the drill. As the jobless rate climbs, many people find themselves falling behind on credit-card bills, struggling with living expenses and bogged down with a mortgage or car payment. [...]

Will Stimulus Benefit Homeowners and Buyers?

stimulus help home buyers

“There are four primary sections of the economic stimulus plan that will benefit home owners and buyers,” said Gibran Nicholas, chairman of the CMPS Institute, an organization that certifies mortgage bankers and brokers. According to Nicholas, these include: 1. Expansion of Home Improvement Tax Credit. ”The tax credit for making energy efficient home improvements is [...]

How do you clear up bad credit?

It is not easy but certainly doable with both commitment and time. By law, any unfavorable information in your credit file can stay there from 7 to 10 years. Today, however, a creditor must remove credit blemishes in a timely fashion if you challenge them and they turn out to be false. The first step [...]

How does a home builder’s lender define bad credit?

bad credit home builder lender

Bad credit can best be defined as everything that appears on a credit report that is derogatory. When buying a new construction home, often the home builder will have an affiliated business relationship with a mortgage lender that additionally allows them to offer new home financing as a packaged service. Sometimes home buyer incentives are tied to the use of a [...]