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Tutorial on Selecting Mortgage Features
Planning to shop for a mortgage on-line? You need to answer the following questions first, so you know exactly what you are shopping for.      1. What Type of Mortgage Should I Select? 2. Which Mortgage Options Should I Select? 3. How Long a Term Should I Take? 4. ... more...

HUD's Proposals For Reform
October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US.  As usual, the proposals were open for comment, and many thousands of them were received.  Mine was among them, and is shown ... more...

points creditors credit score insurance bank interest related definitions

Credit Score
Credit Score A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness. Credit scores are as good as the algorithm used to derive them. The most widely used credit score is called ... more...

Credit Report
Credit Report A report documenting the credit history and current status of a borrower's credit standing, detailing a borrowers credit history including payment history on revolving accounts (eg. credit cards) and installment ... more...

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Like It Or Not, You Have A Score To Settle! Part 1
Just when most people finish with school and can stop worrying about test scores, theres a new kind of scoring that enters the picture. Its called credit scoring. And, its impact on your financial future can mean more to you than a college degree.Why Its So Important:Ever wonder how a creditor ... more...

Five Reasons to Repair Your Credit Score - You Can Do It Yourself
There are multiple reasons that tell us why we should have a 700+ Credit Score, but these five facts will definitely give you the big picture and hopefully will drive you to want to fix your credit score starting today.Fact #1: Did you know that consumers with Credit Scores of 700+ are likely to ... more...

What End Result Do You Want?
Ever noticed that when you have swags of time to complete a task then it takes much more time to complete it than is necessary?I'm aware of a similar phenomenon with money. When I have my mortgage or health insurance debited from an account before funds are paid through to me, it's amazing how that ... more...

Get Your Credit Score To Soar In The Twinkling of An Eye
Ever wonder how a creditor decides whether to grant you credit? For years, creditors have been using credit scoring systems to determine if you'd be a good risk for credit cards and auto loans. More recently, credit scoring has been used to help creditors evaluate your ability to repay home ... more...

Credit Scoring: What You Don't Know Can Hurt You
You've probably heard the term credit scoring. You may have some idea that your credit score can have an effect on your life. For example, you may understand that when you apply for a mortgage, the mortgage company will check out your credit score.But did you know that the interest rate you can get ... more...

What is Credit Scoring?
Have you ever wondered what is credit scoring? Credit scoring is a system creditors use to help determine whether or not to give you credit.How does a creditor decide whether or not to grant you credit? Creditors use credit scoring systems to determine if you'd be a good risk for credit cards and ... more...

A No-Brainer Way Of Getting Credit And Credit Cards
What Is Your Credit Rating Now?If you have any charge accounts now, or have ever borrowed from the bank to buy a car, or if you ar paying on a mortgage, there is credit information on you.Up until a few years ago, you could only guess at what your credit rating was, because the credit bureaus who ... more...

Refinancing: When is It Worth It?
When is it worth it to refinance your house? This guide will take you through a couple of the points youll need to know about when youre trying to decide whether to refinance your mortgage or not.Generally, you need to be aware of what the interest rate youre paying on your mortage is. When ... more...

How To Choose A Credit Card
Your credit score may just be a little number, but it packs a big punch. A poor credit score can keep you from getting a mortgage or a car loan. In addition, your credit score may haunt you for a long time if it suddenly drops. Of course, if you have a good credit score it opens a lot of doors for ... more...

Marriage Seperation - A Practical Guide
Finance in marriage seperation is a very big issue particularly with regards to the mortgage and household bills. When marriage seperation is inevitable obviously both parties need somewhere to stay and often it can be quite difficult to sell one property and then try to finance two. Some couples ... more...

Poor Credit Home Equity Loan - 3 Things To Watch Out For
Poor credit doesnt mean you have to lose money on high rates or fees. By being informed about what are reasonable terms, you can sift through the scams and unscrupulous companies. By watching out for the following three items, you can be sure to find an affordable home equity loan, even with a bad ... more...

Choosing the Best Holiday Destination
Working 9 5, raising a family, worrying about the mortgage and trying to make time for all the people, pressures and demands in your life can take its toll. You need a break from time to time and because it is so essential that you use your holiday time for completely unwinding and de-stressing ... more...

How To Spot A Good Buy
Beauty is in the eye of the beholder, particularly when it comes to buying a home. Features that attract one home-buyer may repel another.However, the one feature of interest to every home-buyer is price. Getting the most home for your money is paramount. The real problem is figuring out whether ... more...

How To Find Your Dream Home In Belize
Shopping for property in Belize is not as simple an undertaking as you might initially expect!Firstly, estate agents as we know them are non existent! Real estate brokers that do exist are likely to be unlicensed, unregulated and certainly not trained or insured.Secondly, the majority (and I mean ... more...


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