Viewing 1-2 out of 2 blog(s)
Credit Report
Date: 06/07/2007 / Category: Finance & Credit
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Current Grade A
Preview:
I hear one phrase more often than I should from people looking for a loan--"I don't want to give out my SSN# because I don't want my credit pulled a zillion times." So now, it's time to give a bit of advice.
Why lenders and brokers ask for your credit information. Because they NEED it! We understand how pulling your credit impacts your score and trust me, we won't pull it unless it is necessary! A lender wants to see a credit report no older than 30 days (some can work with a... continue reading >>
Rehabs
Preview:
I have come across quite a few rehab investors who really do not understand what they are getting themselves into. Thus, I have decided to take a moment and try to offer some words of wisdom. Now, while there are lenders out there who will do 100% acquisition and 100% rehab (up to 70-75% of the ARV or After Rehab Value), you are expected to have money in reserves. Credit is important, but lenders are willing to work with scores from 560 and up (lower scores are on a case-by-case basis). The property can always make a better impression on... continue reading >>