by kramoltz@hotmail.com | Sep 24, 2019 | Mortgages + Lending
Nearly a quarter of Americans have discovered problems with their credit report. Incorrect info can result in a denial of a home loan or more expensive loan terms. The most common problems are incorrect or outdated credit or personal information, information that...
by kramoltz@hotmail.com | Dec 26, 2018 | Mortgages + Lending
Many buyers only focus on their credit rating when they are ready to buy a home. But when deciding whether to grant you a loan, lenders evaluate four things to make sure you can make the loan payments: Capacity – your current and future ability to pay back the...
by kramoltz@hotmail.com | May 1, 2017 | Home Buying, Selling Your Home, Title Insurance + Escrow
First in the analysis of documents used in residential transactions are junk documents. The documents that fit in this category are non-negotiable or provide minimal or no useful information. Most are directed at borrowers, and are acknowledge that disclosures...
by kramoltz@hotmail.com | Sep 7, 2016 | Foreclosures + Short Sales, Home Buying
Americans who lost their home to foreclosure are slow to return to home ownership. About 1.9 million of the 3.1 million home owners who were foreclosed on between 2007 and 2013 have passed the 7 year mark, the typical time required to sufficiently improve a credit...
by kramoltz@hotmail.com | Jun 27, 2016 | Mortgages + Lending
Over the past few years the federal government and lenders have taken several steps to open up the credit box. Signs that the efforts were paying off came last fall when credit scores on closed loans lowered to 723. As of April 2016, the average FICO score was still...
