Credit Repair Letters – 6 Things You Must Remember

Posted on November 24th, 2011 by admin.
Categories: Mortgage Info.

We all understand the importance of credit scores. A bad credit score might lead to rejection of your credit applications (for mortgages/credit cards/personal loans or any other kind of loan). Even if you are able to get a loan, the terms of a loan given against a bad credit score might be very harsh on you. However, it is not uncommon to find that your credit report is wrong or contains items that don’t belong to you. To get your credit report corrected, you must write a credit repair letter. (more…)

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Should You Pay Points on a Mortgage?

Posted on February 28th, 2011 by admin.
Categories: Mortgage Info.

Part of the home loan process involves making difficult financial decisions that you may not fully understand. A common topic of confusion is mortgage points and how they can affect mortgage rates. This is especially true for first time home buyers who may not have considered this aspect of mortgages.

By buying points on a mortgage, you can get a lower interest rate on the life of your loan. However, not everyone will benefit from the points-buying system. There are several factors that can influence your decision to spend the extra money to lower your mortgage interest rate. (more…)

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