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Credit Scoring Part IV: Credit Remediation If you have clients in need of credit remediation, and especially if you live in an area where this is an overall problem within the population, you should seek to align yourself with a credible referral source for credit repair. While government web sit...
05/28/2010
Credit Scoring Part III: Dealing with Challenges Typically, a person with a low credit score is in this position because they lack structure in his or her life. There are, of course, cases where unplanned health or employment complications are to blame, but for the most part, these are individual...
05/26/2010
Credit Scoring Part II: The Five Factors of Credit Scoring There are five factors that comprise the credit score. They are listed below in order of importance, just as an underwriter would look at the score: Payment History: 35% impact. Paying debt on time and in full has a positive impact. Late...
05/25/2010
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Credit Scoring Part I: Good Credit Translates into Lower Rates for the Consumer In the 1960s, Fair Isaac Corporation started working on a system lenders could use to evaluate the likelihood of receiving repayment on loans. Prior to that, it was really a matter of trusting an individual to be a "m...
05/24/2010
Thank You for Your Business: Unique Closing Gifts for Your Clients Sometimes, a simple note is not enough to show your gratitude. Housewarming gifts are a great way to remind your clients that you're there for them, long after the paperwork is done. And, like business cards or branded mailers, th...
05/21/2010
An Inverted Yield Curve:What It Means to Mortgage Rates & Programs The U.S. economy, interest rates, and the housing market are frequent topics on the nightly news. Viewers are told about leading economic indicators, how the stock market has performed, and whether the Federal Reserve is planning...
05/20/2010
Write-offs to Remember Deductions in the Loan Process Write-offs are the government's way of rewarding taxpayers when they've done something the government likes. And to judge by the write-offs, the government likes it when people borrow money to buy a house. There are write-offs aplenty, many o...
05/19/2010
Annual Percentage Rate What is the Real Cost of Financing? Annual Percentage Rate (APR) is a tool that consumers can use as a starting point to compare loan programs. However, it's important to keep in mind that APR is not a perfect system, and not all lenders calculate APR in the same way. Whil...
05/17/2010
The Truth About Appraisals Knowing the Guidelines Solves the Mystery The appraisal process often baffles consumers. They may feel that their home is worth a higher dollar amount, and so the appraised value doesn't always make sense to them. It is important to know that the appraiser is completel...
05/13/2010
Baby Boomers Retire Reverse Mortgages Gain Popularity Born between 1946-1964, the generation known as the Baby Boomers will begin to retire in large numbers, substantially shrinking the labor force in the US. As a result, Social Security, Medicare, and other government programs will be significan...
05/12/2010
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Brad Cullipher

Brad Cullipher Austin Mortgage
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