Divorce and Credit: What You Need to Know
Posted by Mike on Feb 4, 2012 in Articles, Consumer news, Mortgage News | 0 comments
Brought To You By: MIke Richardson of Alliance Home Mortgage Owner/Broker Phone: 530-410-0263 mike@ahmloans.com Divorce and Credit: What You Need to Know 1 out of every 2 marriages ends in divorce today! That’s a daunting statistic and one that brings with it an abundance...
6 Reasons You Should NOT Refinance Your Mortgage
Posted by Mike on Jan 14, 2012 in Consumer news, Mortgage News | 0 comments
If there is one thing that remains constant, it’s that interest rates go up…they go down…but they rarely remain the same. But with every decrease, you have an opportunity to take advantage of the lower rates. However, Your mortgage refinancing may not be for everyone. Here are six reasons why you should not do...
Not Every Credit Score is Created Equal..
Posted by Mike on Jan 14, 2012 in Consumer news, Mortgage News | 0 comments
Your credit score can determine what interest rate you’ll end up paying for consumer loans, auto loans and your mortgage. Your credit score figures into how much you’ll pay for your homeowners and auto insurance. And yes, your credit score may even be used to determine if you get hired for the new job you are applying...
Freddie Updates Guidance on Qualifying Income – Bulletin 2011-21 (Effective 11-4-11)
Posted by Mike on Jan 14, 2012 in Industry News, Mortgage News | 0 comments
Rule Synopsis: Freddie announced updates on their guidance for stable monthly income calculations. Retirement Income & Survivor and Dependent Benefits Type of income must be verified Must verify amount and receipt for a minimum of two months Must-verify Income likely to continue for a minimum of three...
Should You Save Your Money or Pay Off Your Bills?
Posted by Mike on Sep 28, 2011 in Consumer news, Mortgage News | 0 comments
This is a debate that has been going on for a long time, but in a National Foundation of Credit Counseling survey, 89% of those polled said they are working on paying off their debt first. However, while paying debt is a good thing, it comes at the expense of not having savings to dip into in case of an emergency. The advice...
