Poor Credit Home Mortgage Loans - The Role of the FICO ScoreWritten by Carrie Reeder
If you have bad credit history and are looking to get a home mortgage loan, then chances are you are going to need to know all about how FICO credit scoring system works.FICO – Fair ISAAC & Company – is leading credit reporting agency that lenders turn to when it comes time to credit scoring your home loan mortgage application; so if you do have bad credit history, these guys will know. The formula used by FICO cannot be disclosed because of a decision made by U.S. Congress. There are some things generally known about FICO which that could help you understand why and how you can get approved: 1. The higher your FICO score, better chance you have of getting that home mortgage loan. Also, higher your score, more room you have to negotiate a lower interest rate. 2. If you have a FICO score lower than 500, there is very little chance you’ll be getting a mortgage home loan. That said, if you have a score of: 500 – 600 you should be able to get a home mortgage loan, provided you are willing to make a down payment. 600 – 640 You should get a 100% home loan financing. Thats right, with no money down. 640 - 700 You should be able to be approved for a 125% home mortgage loan. 700+ You’re in drivers seat! You should be able to get an excellent rate with excellent terms.
| | Why have investment plans for the stock marketWritten by Charles M O'Melia
You have permission to publish this article either electronically or in print, free of charge, as long as author bylines are included. A courtesy copy of your publication would be appreciated. Please email to mailto:charles@thestockopolyplan.com (Word Count 467) Why have investment plans for stock market? If you do not have an investment plan in stock market you are subject to impulses, urges, hunches, premonitions, strong feelings, greed, panic, fear, indecision, and just plain foolishness. In my opinion, without a plan, without that clear conception of a total stock market investment strategy, chances of successful investing in stock market are pretty slim. A stock market investment plan is a means for you to follow a certain arrangement or procedure, it is a method of action that will aid you to ensure a successful investment in stock market. With a concrete definite plan of action, directed toward a predetermined goal, most difficult aspect of successful investing in stock market is already accomplished. The proven stock market investment plan has already done work for you, and predetermined goals that you set for yourself will give you desired power too fulfill them. Don’t underestimate yourself and power within you to accomplish what you set out to do. Set your stock market investment goals high, and steadily aim for them. Make up your mind you are going to fulfill them and get excited about them, and your goals will become a reality! (And sometimes, it only takes someone to tell you what you already know you can do!)
|
