California Bad Credit Mortgage

Written by Carrie Reeder


California is a beautiful place to live There is no doubt about that. But, to live in California you must payrepparttar price, which is sky high real estate prices. Renting, as opposed to buying in California, can save a little bit of money. However, renting hasrepparttar 111747 disadvantage of not building any equity. As home prices in California continue to rise, you may want to be a homeowner and take advantage ofrepparttar 111748 home appreciation factor. If you're going to be paying a lot of money to live in California anyway, you might as well be making some money on top of it too, right?

Now, if you have bad credit and are trying to get a home loan for California home prices, this may seem like an impossible situation. Home prices are high and if you already have poor credit,repparttar 111749 fact that you need to be approved for such a high loan amount can be an added difficulty when trying to get a home loan.

However, there is hope. There are so many programs available today to help people with recent bankruptcys, collections and even foreclosures, obtain mortgage financing. There are nationwide mortgage service companies that can either approve you directly or get you in touch with a lender who can approve you.

Here are some suggestions of things you can do to aggressively help yourself get qualified for a mortgage loan in California, with a bad credit history:

1. Pull your credit and review it - Pulling your own credit will not negatively affect your credit score like having someone else pull it will. For a list ofrepparttar 111750 links torepparttar 111751 three major credit bureaus, click onrepparttar 111752 link atrepparttar 111753 bottom of this article. Look over your credit history and make sure that everything is reporting accurately. Sometimes, something as small as an account being reported as currently being due as opposed to being included in a past bankruptcy can berepparttar 111754 difference of 10-15 or more added points to your credit score.

Make sure every account that is closed is reported as being closed. Make sure that every account that was reported in a bankruptcy is reported that way, and not being reported as money still owed. If you have small collection accounts, try to pay them off and then fax confirmation thatrepparttar 111755 account was paid off torepparttar 111756 major credit bureaus so that they can adjust your credit report right away. Editing this information on your credit report is easier than ever today because all three major credit bureaus now make it possible to dispute and inaccuracies online. You could pull all three reports, dispute all inaccuracies and be done in less than an hour now. Just a few years ago, it used to take hours or days to fill out allrepparttar 111757 necessary paperwork.

Frog In The Pot

Written by Al Thomas


FROG IS IN THE POT You rememberrepparttar story aboutrepparttar 111746 frog that was put into a pot of cold water onrepparttar 111747 stove. He was not concerned. Someone litrepparttar 111748 burner andrepparttar 111749 water began getting warm,repparttar 111750 frog was very comfortable and asrepparttar 111751 water became warmer he was so relaxed and complacent that he fell asleep – never to awaken. Mr. Frog reminds me of today’s stock market investors and that includes all folks with IRAs, 401Ks andrepparttar 111752 like. Stocks have been slowly rising forrepparttar 111753 past year and a half (the water is becoming warmer and warmer) and no one is paying any attention to his investment positions. The market is becoming overheated and many investors are about to become boiled. Too many are swimming fat and happy inrepparttar 111754 increasing warmth with no thought of exit. Currentlyrepparttar 111755 long term market trend is up so complacency reigns supreme. It is doing exactlyrepparttar 111756 same as in 2000. When 2002 ended we had a surplus of boiled frogs. A smart frog will not be lulled to sleep and will have a plan to jump out ofrepparttar 111757 pot. A frog without a plan plans to be frog soup. There are many ways forrepparttar 111758 frog to escape and there are many ways for investors to retain their profits or at least not lose their moneyrepparttar 111759 next timerepparttar 111760 market heads down. It will if past performance is any guide to futures

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