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What Happens to An Authorized User During Bankruptcy?

June 27, 2011

Hi, i have just finished filing individual chapter 7 bankruptcy. I was an authorized user on one of my husbands credit cards, and I believe the firm included it in my bankruptcy…what affect will that have on him? Michele Michele, first off, I love the spelling with only one L. It’s my personal favorite. This […]

How Do They Calculate Credit Scores When You Apply for A Loan?

June 23, 2011

When you apply for a credit car or car loan,how do they figure out your credit score? Do they add 3 of them & divide by 3 or look at each one? My average score is 680. Is this good or bad? Thanks, Ali B Hey there.  Well, you’re right.  There are three credit bureaus.  […]

NJ FHA 203k Success Story – Yep we did it again!

June 21, 2011

It’s starting to sound like a bad Britney Spears song (sorry to all you Britney fans out there) but … Ooops…We Did It Again! We took a wonderful NJ couple and showed them the power of the FHA 203k mortgage program.  We showed the customer once again that by using this mortgage program that you […]

What repairs are eligible to be completed with a FHA 203K Loan?

June 20, 2011

If you are either looking to purchase a home or possible rehab your existing home, it is important to know the repairs you can do with an FHA 203k loan. It is not breaking news to hear that the market is flooded with homes that need work. The difficulty that potential home buyers are having […]

How will being pre-qualified help my home search?

June 18, 2011

Today most consumer’s start their home search online. It is important to know the advantages of being a pre-qualified buyer. There are several reasons that this will help you. First and foremost that this is free service that will help you find out the max range of homes you can look at but it also […]

Can too Many Inquiries Hurt Your Credit Score?

June 16, 2011

Question: I was wondering, can applying for seven or eight credit cards at the same time hurt your credit score? I have excellent credit, but I would like to take advantage of some of the different miles and point promotions going on right now. I just don’t want to tank my score if i do. […]

Home Improvements BEFORE You Sell?

June 16, 2011

By getting a good understanding of what potential buyers are looking for before you list your home, you will have an advantage over other listings. Lets face the facts; today’s home buyers are LESS WILLING to COMPROMISE! Sellers Temptation: To clean up the yard, de-clutter the house, and put it up on the market without […]

Heading for another Refi Boom?

June 14, 2011

Mortgage rates are falling, falling, falling. On a wave of uncertainty about Greece and its debt; and weaker-than-expected economic data at home, conforming 30-year fixed rate mortgage rates have fallen to levels not seen since December 2, 2010. Mortgage rates have dropped 8 weeks in a row. Not even last year’s Refi Boom produced an […]

FHA 203k Mortgages and Underwater Properties – Is There Hope?

June 8, 2011

One of the best parts of FHA 203k mortgages is that overnight your property can “Poof” have equity! Who would have thought that was possible in this real estate environment – not most people, so let me explain in detail how this works. Current Home Specs and Estimated Value You own a home that is […]