Keller Williams Realty East Idaho, Assoc. Broker, Graduate Realtor Institute (GRI), Certified Residential Specialist (CRS), Accredited Buyer Representative (ABR), Certified Distressed Property Expert (CDPE)
Monday, May 16, 2011
President Obama on Loan Modifications
President Obama has made a public call for mortgage lenders and servicers to provide struggling homeowners with longer-term modifications and principal reductions when it fits the situation. Read more here
Monday, May 9, 2011
Idaho Legislation Places New Requirements on Lenders
Under a new Idaho state law, lenders must respond to requests for loan modification within 45 days and cannot proceed to a foreclosure sale until after responding to the request.
Read the article here
Read the article here
Friday, May 6, 2011
Understanding Your Credit Score
Credit scores are likely to play a key role in your ability to obtain credit (auto loan, mortgage loan, credit card, etc.) and in the determination of the interest rate you will pay for that credit. A borrower with a favorable credit score is more likely to be approved and to pay a lower interest rate on new credit. However, the impact of a credit score goes even further—your score could be reviewed when you are renting housing in the future, when applying for a cell phone or cable TV account, and may even impact whether you must pay a deposit before receiving electric and gas utility service.
To learn more, download the booklet “Know Your Credit Score” published by FICO and the Consumer Federation of America.
To learn more, download the booklet “Know Your Credit Score” published by FICO and the Consumer Federation of America.
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