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Obtaining a mortgage these days seemed to be a challenging for those with a decent credit history, how much more for those with a bad credit score. It appeared to be impossible for them. Good thing there are financing institutions which makes it possible for those with a poor credit to obtain a refinance along with less hassle.

Refinanceitt.com is just one of those who are willing to give another chance to individual with reduced credit score. They are willing to evaluation them and help improve their own credit rating to avail once again loans they needed. If you’re one of them, there are tips which you might consider before applying for a poor credit mortgage refinance loan.

First apply only to those companies who’re offering mortgages for individuals with a bad credit score. There are those financing company that really help anyone with financial difficulty and those which are trying to consolidate their debts. Second, if possible refrain from signing up to too many lenders. Apply only to few which are credible while offering the lowest possible rate. Locate a loan term that suits your requirements and makes sure it has no concealed fees. It

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Hey check this out, it is a way to get your mortgage paid for an entire year. By Mark Hachman

Adzookie, a free advertising network for mobile devices, said Tuesday that the company will pay your mortgage if it can paint your house with an ad for the service.

The site is taking applications at its PaintMyHouse site.

Like Adzookie itself, the promotion is an ad, explained Mark Oskorus, the company’s vice president of marketing. The budget for the promotion is just $100,000, some of which will be used up in painting the houses with advertising and then repainting them their original colors when the customer opts out or the promotion ends.

Depending on what happens and how much business it brings back to the site, the promotion may be extended, Oskorus explained.

Adzookie is just one of a growing number of mobile ad networks. One of the largest, AdMob, is owned by Google, and has tied its ads to in-app advertising and other locations. Apple runs its own iAd network, with other independent competitors like Chalk, Mojiva, and Millennial Media.

The ads, however, won’t promote Adzookie’s clients, just the network itself. Accordin

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One of the problems with the mortgage business is that too many regulatory fingers are in the pie. Not surprisingly, none of these entities talks with any other entity. The current issue on the table is that of compensation of loan originators, or more specifically, mortgage brokers.

It is probable that the genesis for this is the “Yield Spread Premium,” or YSP. It is no secret that in the old days many disreputable mortgage lenders – not just mortgage brokers – used YSP as a way of making more money off the customer. Even though this compensation was disclosed on the HUD-1 closing statement, most borrowers didn’t understand how to read the statement because the last regulation was poorly written.

What could and did happen is that the lender would quote a loan origination fee of 1 point but then when he locked in, the pricing would be such that in addition to getting one point from the borrowers, he would get an extra half point from the lender. He wouldn’t pass it on to the borrower.

[Consumer resource: How to Correct an Error on a Credit Report]

A small bunch of us decided back in 2000 that promoting honesty was a good thing. We started

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As the mortgage industry lurches along, it is clear that borrowers are getting very poor service from lenders.  Just because you have a good profile, do not expect that you will be immune to this.

In a recent article I discussed one of the reasons for the poor service borrowers are getting these days was due to the “fear factor” of lenders whose employees are terrified of losing their jobs if they make a mistake and approve a loan that should have been denied.  I do not believe that there is cause for this because I have never heard of an underwriter being fired. More to the point, neither have I never heard of an employee being reprimanded over turning down a good loan.  There’s the rub. The richer you are, the more complicated your file, the higher the fear factor.

It used to be that there was a team spirit between us and the lender’s underwriting and processing departments.  The commonly used phrase was, “No one get’s paid unless a loan funds.”  Boy, were those the old days!  Now lenders look at each file as if we have hidden a hand grenade in it.  If they can’t find it, it will go off and cost them their job.  It is no fun dealing in this atmosphere and I hear the same thing from employees of big banks dealing with their own employees.

Here are a couple of additional items for your consideration.

Back in the old days, we dealt with the wholesale lending divisions of lenders like the same banks that dominate retail mortgage lending, Wells Fargo, BofA, Chase, Citicorp, and GMAC. Instead of dealing dire

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There are many kinds of loans, but perhaps the kind that would probably mean a lot is the one that concerns your future home – house loans, also known as the cash advance, since almost everyone is dreaming just about every night of having their own ‘dream house’. Just like anyone else, you want to have the house, and keep it, so what is the best deal to get things going the right way? The answer is a fixed rate mortgage.

A fixed rate mortgage lists down all monthly payments that will be made in the future, and since the interest is fixed, payments never vary. In other words, you will not have to safeguard your heart for any violent surprise when your monthly notification comes because you will just have the same amount. Amounts that suddenly rocketed do not exist in fixed rate mortgages.

This is quite ideal for those who have an equally fixed monthly income, as it allows the person to save up for the possible payments. You can also have a clear estimate of how long it will take you to satisfy both the principal and the interest, and your monthly due never shifts for all the rest of the payment period. In Full Post…