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New Update Available: Updating Your own Home – Fannie Mae HomeStyle
By Leesa Sandoval
You wake up in the morning and check your phone to be awakened with the second most popular notification: “New update available.” (The first most popular being: “Your storage is almost full,” which pops up way more often than we would like.) Consequently, in order to make these devices perform their best, it is important that
Read MoreIs It Worth Doing It Yourself? Fannie Mae HomeStyle Can Help You
By Leesa Sandoval
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No Need to be Married to Buy Your First House, You Need a 203k Limited Renovation Loan
By Leesa Sandoval
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Guidelines Changing for Free Credit Reports – Texas
By Leesa Sandoval
As part of the new CARD Act of 2009, companies advertising free credit reports in Texas are now required to clearly disclose that what’s being marketed isn’t the free credit report you’re entitled to receive by law.
Read MoreTen Credit Do’s and Don’ts To Bear In Mind Prior To Getting Your Mortgage Loan
By Leesa Sandoval
Simple, the underwriter pulls an updated credit report to verify that there hasn’t been any new activity since original approval was issued, and the new findings kill the loan.
Read MoreIs There A Rule-of-Thumb Regarding The Number Of Credit Lines To Have Open?
By Leesa Sandoval
While the actual credit score has a big impact on a loan approval, it’s not the only component of the credit scenario that underwriters consider for a mortgage approval.
Since loan programs, individual lenders and mortgage insurance companies all have their own credit report restrictions, it’s difficult to define a standard Rule-of-Thumb to follow.
Read MoreAlternate Sources For Establishing Credit
By Leesa Sandoval
While the basic Rule-of-Thumb for acceptable credit history is a minimum of four trade lines documented on a credit report, there are alternative methods of building a credit picture that an underwriter can use to make a decision for a loan approval.
Read MoreWays to Build Credit in Texas
By Leesa Sandoval
Secured credit cards are an optimum way to start rebuilding your credit scores. You want a minimum of two credit cards and/or secured credit cards. The more credit cards you have the more opportunities to add points to your scores as long as you manage those cards effectively.
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