Your Spouse’s Bad Credit Will Stop You From Getting a Loan.
This could be true or false. Under certain loan programs, we DO NOT have to look at a spouse’s credit. But what if you need their income to qualify? Then we may need to count their credit, in which case the loan rate would be based on their credit score. So, if you...
You Need a 640 Minimum Credit Score to Get a Loan
FALSE. You can have a BLANK credit report, even as low as 560 credit score. FHA has no actual printed guidelines on credit scores. You may know someone who never established traditional credit because of their cultural or spiritual beliefs, or they just plain didn’t....
Jobs, Jobs, … and Jobs
JOBS JOBS YAWN… The Labor Dept. announced the monthly jobs report today with a big yawn from the investor community. They reported 173,000 jobs were created, but expectations had been that the number would be 218,000. Historically, this number gets revised, so the...
This Weeks Win 9-5-15
She tried to do the right thing and got turned down. I had a client come in to refinance after her friend had been telling her to do this for 2 years. She had been turned down by 2 big banks for the same reason… Ms. Conscientious Client (name changed to protect the...