Apply For Home Mortgage Loan Online With Bad Credit - Things To ConsiderWritten by Carrie Reeder
So, you’ve found perfect home. You’ve already decided where to place each piece of your furniture inside home, and in your mind, all of your family photographs are hanging alongside stairwell. But wait—do you know that even if you believe that your credit report is spotless, it could negatively affect your chances of getting that home mortgage approval?The credit bureaus handle hundreds of thousands of credit reports, and it’s only logical that they will make mistakes. In fact, studies show us that there are some types of errors on at least 50 percent of all credit reports. Could an error be lurking on your report? Here’s a simple step-by-step guide to ensure that your credit report reflects exactly what it should. Step One: Avoid a Bad Credit Report by Requesting a Copy of It Under law, you are entitled to a copy of your credit report from each of three credit reporting agencies. You should simply submit a request in writing or visit their web sites and request a copy. Step Two: Check Personal Information Maybe your name is Jane Smith, but agencies have you listed as Jayne Smith. If you don’t think that it matters, you’d better think again. If agencies have a miss-spelling in your name, wrong address, reversed digits on your social security number, or even wrong employer information, it could mean bad news for your report. If person who they have you confused with makes a late payment, then it will appear on your report. What’s worse, if they file for bankruptcy or default on a car loan, it will take some time to sort out erroneous information once it’s found its way onto your report. Avoid all of this, and report any bad information now.
| | Buying a New Home – Home Buying TipsWritten by Carrie Reeder
If you in process of looking for your first home, there are some essential steps that you should be aware of. Many times, people fall in love with a home and rush into deal—not considering some important issues. Unfortunately, many of those people end up unhappy with their purchase or end up with a deal gone bad.Avoid this by following suggestions below and ensuring that you have thought out your purchase thoroughly. The most important consideration should be sales price of home. Just because it’s best home in neighborhood, that doesn’t mean that you should pay a lot more for it. In fact, experts tell us that “best” house in neighborhood probably won’t sell for much more than other homes in area. You should look to pay not more than 10-20 more than other homes in area—no matter how much nicer home is. Anything higher than that is based on emotion—not business—and will probably cost you when you go to sell it. Next, you should take a serious look at neighborhood itself. How are school systems rated? Even if you don’t have children this is important because when you go to sell home, your buyers might. Is house located in a convenient area, or would you have to drive excess miles to do your grocery shopping? In addition, you should visit area in day time, as well as night. Does “feel” of area change when it’s dark, or does it still look like a nice place to live?
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