Since the credit crunch and mortgage meltdown, many people attempt some sort of credit repair prior to trying to qualify for a mortgage.

I work with people all the time on their credit. Some have horrible credit and some have almost perfect credit. The one question that I hear over and over is what can keep them from qualifying for a mortgage in the next year or two.

In response, I've created a list of the top five things that will keep you from getting a mortgage...{Read the full article on credit restoration and mortgage qualification.....}


More mortgage news from around the blogosphere!

MBA announces its 2010 legislative and regulatory priorities ...

Additionally, MBA continues to advocate for increased staffing and technology resources for FHA as well as greater flexibility in FHA's hiring and compensation practices. These changes are needed to facilitate the short- and long-term ...

FHA and Fannie Mae Propose Rule Changes

Because of ongoing weakness in the real estate sector, the institutions that have filled the vacuum left by lenders, have run into trouble... they need to change the rules.In order to assure that mortgage originations continue, ...

Mixed Reactions to FHA Changes - Condo Sales - Multifamily ...

News that the Federal Housing Administration (FHA) is changing its approval process for condominium projects was met with mixed reaction throughout the housing industry.

Appraisal Management Company Surpasses Turnaround Goal - SBWire

With FHA's Appraisal changes right around the corner its a sure bet we will be able to deliver for the lending community”. This turnaround time focused is full supported by its commitment to quality and guarantee on appraisals. ...

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• Mortgage Rates Post Modest Uptick, Refinancing Up (blogs.wsj.com)
• Reading Rates: Purchase Applications Reach 10-Year Low (seekingalpha.com)
• Watch Out for Costly Loan Origination Fees on FHA Mortgages (zillow.com)

Credit Repair Secrets!

This is a good video on credit repair I thought you might enjoy!

CREDIT REPAIR - info from the Credit Secrets Bible

Related articles by Zemanta

• Collapse In Consumer Credit May Slow Recovery (creditra.blogspot.com)
• Lenders Write Off More Credit Card Debt (dailyfinance.com)

Is Your New Years Resolution to Improve Your Credit?

If you would like to learn more about how you can improve your credit in the new year, then you will want to read this article. We will be discussing the 3 things you can to to give your credit score a boost!

Image via Wikipedia

1. Pay Off Credit Card Debt - How much money you owe versus the amount of credit you have available to you accounts for 30% of your credit score. By getting your account balances to under 25% of your total available limit, you will see a big improvement in your credit score.

2. Make sure your account balances are reporting correctly. Because credit utilization is such an important part of your credit file, you will want to make sure that your account limits are reporting correctly. Some companies, like Capital One and American Express will only report what you owe as your credit limit. This takes your utilization on the account to 100% and can cause a drop in your credit score by 20 points are more. To get this corrected, you will need to dispute the account with each of the three credit bureaus.

3, Clean Up Credit Reporting Errors - Without your invovlement, your credit report is a collection of unverified information. Because these errors can be costly, it is critical to clean up everything you can. In addition to paying attention to your credit limits, you want to pay attention to the dates accounts were open, payment history and high balances. Also, any personal information that is reporting incorrectly can give you leverage later if you decide to get serious about learning how to fix bad credit and move on to more advanced strategies.

Success With Rent to Own Homes and Lease Options!

http://www.financethedream.com Rent to Own Homes and Lease Option Homes are becoming more popular due to the credit crunch.

Brand New Day

It is a brand new day with exciting possibilities. The sun is shining. The air is cool and crisp. We have 24 hours to create something magical.

This is the day that the Lord has made. Let us rejoice and be glad in it.