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Your FICO Score- More Important Than Ever!

Your FICO Score- More Important Than Ever!(0)

July 26, 2010

This article from this past Saturday’s New York Times by columnist Joe Nocera. The article discusses how the increased weight FICO scores are given when underwriters consider approving or denying an individual for a mortgage in the current environment.
…a person’s credit score has become the only thing that matters anymore to the banks [...]

Your FICO Score- More Important Than Ever!
DENIED! Closing Today Or No Credit For You.

DENIED! Closing Today Or No Credit For You.

Last week, on a way to a closing the buyer was stressed that she would not get it down it time for the $8K rebate which fueled many buyers to hit the pavement.  I urged that we didn’t need to worry, because fellow brokers told me that it would be extended until September and not [...]

Rate Dip

Rate Dip

Mortgage Rates Dip Slightly This Week
Interest on 30-year fixed home loans dropped below the 5 percent threshold this week, reports Freddie Mac. The rate slipped to 4.97 percent after averaging 5.01 percent last week and 5.16 percent a year ago. Long-term mortgage interest set a record low of 4.71 percent in early December and [...]

6 Keys to Tax Credit

6 Keys to Tax Credit

This is a quick and easy reference to breakdown and highlight six factors you may or may not know. 
6 keys to first-time homebuyer tax credit- By Tracey C. Velt • Bankrate.com
Most people welcome any extra cash when buying a home. And, thanks to a government tax credit of up to $8,000 for first-time homebuyers and [...]


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