A credit score is an unavoidable part of financial life. This three-digit number derived from information on your credit report directly impacts your ability to borrow money or access credit. It is one of the indicators used by lenders to assess how likely you are to repay debts in a timely manner. This score also affects how much you’ll pay to borrow money. The more you know about your credit score and what affects it, the easier it will be for you to protect your credit from negative impacts. Read More “What You Need to Know About Credit Inquiries and Your Credit Score”
The Zillow Group Consumer Housing Trends Report uncovers some interesting insight into preferences and feelings about homeownership in America, as well as challenges facing those in the housing market. Whether you are planning to buy or sell a home, or assist a client in doing so, this research could help you gain the edge you need to achieve your goals. Here’s a brief snapshot of the findings!
In the wake of the recent catastrophic hurricanes and wildfires that have ravaged parts of our country, the President declared several Major Disaster Areas. This designation brings with it a commitment of federal aid to assist in recovery. A list of these areas can be found at www.fema.gov/disasters. What does this mean for people who are paying a mortgage on a property or running a business in a Major Disaster area? What about people employed in one of these areas? Depending upon what type of mortgage you have and which government-sponsored enterprise (GSE) owns or guarantees your mortgage, you may be eligible for various types of relief to help ease the financial burdens of disaster recovery. Read More “Disaster Relief Options for Mortgages”
If you are concerned about protecting your financial information from identity theft and data breaches, it’s important to know your options. While credit monitoring and fraud alerts indicate suspicious activity and provide added security, they may not offer enough protection. Placing a freeze on your credit (also known as a security freeze) can add an extra layer of protection against criminal activity. Here’s what you need to know:
Now that we are well into the second half of 2017, it’s time to reflect on trends that continue to take shape in the housing market. While the economy is showing signs of improvement, competition is fierce and supply remains tight.
What is your favorite escape? A coastal retreat. A rustic mountain hideaway. A loft with a city view. Whatever you prefer, a vacation home can be a lifestyle upgrade that provides a respite from the daily grind. As an investment property, that second home may also help achieve your financial goals and plan for the future. But, how do you figure out if owning a second home is even in the realm of possibility? Answering these three questions below will help you put forth a plan to make your home away from home a reality. Read More “3 Questions to Answer Before Buying a Second Home”
Lenders rely on credit reports as part of the process to qualify you for a loan. Negative information on a credit report or a low credit score could suggest that you are less likely to pay back debt as agreed. The tips below will help you “clean up” your credit so that you can put your best foot forward when applying for a loan.
Read More “Tips for Doing Your Own Credit Repair”