As a consumer if you are considering a refinance or a new purchase, you need to have all of your financial information available. By having all the information available, the lender will be able to assist you and explain to you all your various options whether under a FHA financing program or another loan program.
It is important for the consumer to present the following items which visiting with a lender:
- Complete copy of last 2 years personal tax returns for all borrowers
- Copy of most recent paystub for all borrowers
- Complete copy of last 2 months bank statement on all types of accounts
Some programs may not require this type of financial information. However, the more information provided to the lender allows for a smoother the transaction for the consumer. In addition, it allows the lender to have a frank discuss with the borrower on the types of programs that will meet their financial requirements.
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Posted in Loan Modification Information
If you are considering transferring your credit card balance to a new low rate 0% APR card you may want to reconsider. Transferring your balances often can hurt your credit score. You may only want to do it maybe once a year.
Should I Leave My Old Credit Card Open If I Do A Balance Transfer? Continue Reading »
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Posted in Credit Restoration Articles
What happens to my fico score if I am reported late? If you are late paying on your credit card bill by thirty days or more, it will get reported to the credit bureau as a late. I have seen credit scores drop as much as 100 points just by having one late payment. If you are trying to buy a home and the credit late is within a 12 month period it may keep you from being able to buy or refinance your home.
Does having to pay the late fee automatically mean that I will be reported as late to the credit bureau? Continue Reading »
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Posted in Credit Card Articles
TASC stands for The Association of Debt Settlement Companies. The goal of TASC is to promote solid practices in the debt settlement industry and protect the interest of consumers and debtors. TASC also lobbies at the federal level on behalf of debt settlement companies. Continue Reading »
Tags: alternatives to bankruptcy, bankruptcy alternatives, cccs, collection accounts, consumer credit counseling service, credit card debt, credit counseling, debt consolidation, debt negotiation, Debt Settlement Articles, improve my credit score, pay off collections, what is tasc
Posted in Debt Negotiation Articles
