Wilton Street Historic District (Long Beach, CA)
By Kirk Mulhearn
(Prudential California Realty/Gem Mortgage)
Long Beach, Ca.  What is a "Full Doc" Loan?  In the last two years we have seen an evaporation of almost all "stated income" loans.  These loans enabled home buyers to purchase properties without disclosing their actual incomes.  Partly, because of these types of loans, the sub-prime loan melt down was conceived,  born, and died, throwing the financial markets into a tailspin.   As a reaction to the housing collapse, the pendulum has completely swung to the other the opposite side of the banking world. This means that in the current market, you now have to prove income in order to purchase a home and qualify for a mortgage.  In the lending business, we call these, "Full Doc" loans, short for, "full documentation," loans.  Historically, banks like to see the following items to document y...
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By Kirk Mulhearn
(Prudential California Realty/Gem Mortgage)
One of the Fastest Ways to Increase Your  FICO® Credit Scores Long Beach, CA.  Please take the time to read the following article on how to improve your credit score.  My friend and Credit Clean-up Professional:  Steve Manos, is one of the most talented fellows that I have ever met in this field.  Home buyers and refinanciers alike need to know how to make their credit look golden, especially when applying for a mortgage.  I can't tell you how important it is for everyone to be aware of their current credit score and to know what little things to do to quickly improve these same scores:  Wouldn't it be great if you could just pick up the phone, make a toll-free call and, like magic, your FICO credit scores would go up? Well, you can. And the call isn't to the three major credit bureaus ...
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