company (“search yahoo.com for credit repair”) to try and remove some derogatory items on your credit

which will raise your credit score OR you can try to acquire some credit to help re-establish your credit

worthiness. The easiest way to re-establish your credit is by either getting a car loan or credit card

designed to help re-establish your credit. Again search yahoo.com for “credit cards to re-establish

credit”

4.Do you have a bankruptcy or foreclosure in your past? Has it been 2 years since it was discharged? If

yes, move on to next step! If not, unfortunately in most cases your bankruptcy or foreclosure will

need to be discharged at least 2 years or you will need to have at least 5% down payment.

5.You will need to document 24 months of recent mortgage or rental history. If you rent from a property

management company we will need a Verification Of Rent completed. The form will be supplied by your

mortgage lender or broker. If you rent from a private landlord, you will need 24 months cancelled checks/

or money order receipts with no payments over 30 days late. Sorry, you cannot prove your rental history if

you pay your landlord cash every month, unless they are a property management company. If you are unable

to document your rental history there is a way around it. Get your credit report and look for

following: Do you have an active credit line on your credit report that has been open for at least 24

months? Has this credit line had any activity in last 6 months? If so, move to next step.

6.Look at your credit report. Do you have a credit line that has a 12 month history reporting? If so and

as long as you have no more that 2x30 day late payments then move on to next step.

7.Look at your credit report again. Do any of your credit lines have a high limit of at least $3,000. If

so, move to next step.

8.Now take one more look at your credit report. You will need 1 more additional open credit line reporting

on your credit report. (It does not matter how long it has been open or how much credit line is for).

Well, congrats! You made it this far which means that your credit might qualify for a Zero Down Payment

Loan. The loan program you qualified for is subject to change and is subject to additional conditions.

This article should not be construed as an advertisement to lend. These are steps that I go through

when trying to pre-qualify a client that has credit problems. There are many more factors to determine so

please discuss this with a qualified mortgage professional.

You are probably asking yourself what you are supposed to do with information that was given to you in

this article. The first thing is to contact a few mortgage companies. Ask them if they have any zero down

loan programs that will go down to a 575 credit score, or whatever your credit score is. Remember, you

will need at least a 575 credit score to qualify for this particular loan program. Also, in order to

minimize your out of pocket expense, ask your mortgage professional if property seller is allowed to

pay 6% of purchase price towards closing costs. If so, you will need to remember to negotiate that

into your purchase contract when you make an offer on a house.

Finally, there's "Use Asset Allocation." The missing part: "because I cannot tell you which asset historically does better in this particular market environment." There are many ways to accomplish diversification in your portfolio and it does not always have to revolve around division of stocks, bonds, and cash. Depending on your particular objectives, time horizons, and risks, an appropriate allocation may be derived from use of just one type of asset. Either way, there are no guarantees when you place your money in stock market and it is best to remind yourself of risks of each investment. Try including real estate, collectibles and insurance products in your general financial plan.

We can all watch appearance investment gurus make on financial shows. Perhaps we can include light-hearted follow-up statements as if we were watching a Rocky Horror film. We often enjoy amusement provided by television personalities, however, it is important to review your investments regularly. Always examine your motive behind each buy and sell.

In actuality, your financial future is no laughing matter and should be guided with thorough commentary. Television shows come and go; your finances may one day be a legacy.