Credit Reporting 101

by | Sep 18, 2008 | Tips

In this credit crunch, lending is becoming much more credit-driven and minimum required credit scores of 680+ or 700+ are the norm. Your goal should be to get in the 700 range, but the higher the better. (Credit scores range from 350-850, 850 being the highest one can...

Online Interest Rate Quotes

by | Sep 11, 2008 | Rates, Tips

Every once in a while, a new client or referral will tell me that they saw rates that were lower than what I may be quoting. I appreciate having this conversation because I’m given an opportunity to tell them why. Not why the rates I’m quoting may be...

Interest Rates are DOWN!

by | Sep 9, 2008 | Rates

The Fannie Mae/Freddie Mac takeover has proved excellent for interest rates.  I’m quoting my clients about a half a percent less than I was just 1 week ago on any given loan product.  Both national and foreign investors are buying mortgage bonds in full force...