If you are selling your current home, please retain the following documents as they become available and provide them to your loan officer. This will make obtaining a mortgage for the purchase of your new home a lot smoother.
Once you have a buyer and an accepted sales contract:
Please provide us with a copy of your sales contract, signed by all parties
We also need an estimated Closing…
The Importance of Credit History
Like it or not, having credit is important today. While there are millions of people who are “credit invisible” in the US, their lack of credit can cause considerable hardship. You need credit to:
Buy a house with a mortgage
Purchase a car without cash
Even to rent a car or get a job in some cases
It’s not impossible to get credit with no credit. But…
Credit Repair Services and Debt Settlement Plans
If you’re having financial problems, you may be solicited by credit repair services or companies to settle your debts for “pennies on the dollar.” It is possible, but unlikely. The costs are high and there are better options.
You can’t remove derogatory history from credit reports if it’s true — only if it’s in error
Debt…