You Can Buy A Home In Woodbridge With Surprisingly Low Down Payments
You Can Get A Home In Woodbridge With Just 3.5% Down Up To $710,000
If You Have VA Benefits Because You Are Serving, Or Previously Served, You Can Buy With Zero Down
Good Credit Is Essential
You May Be Surprised, Even Shocked To Find Out That Most Credit Reports Are Incorrect
I don't know about you, but when I walk into a store, my instinct tells me to pull my
wallet from my pocket, look inside, to be sure I have some cash and my debit card.
I have teenage daughters. Like all teens, they make regular withdrawls from "Bank Of Dad" without notice. So knowing I had $40 cash yesterday is meaningless.
Bank Of Dad - A Lending Institution Ever Since I Can Remember
When you and I buy homes, we need to check our wallets first, to see how much home we can afford.
So get a referral from me, or a friend to a competent loan officer, arrange an appointment, and sit down with your loan officer to see how much you can afford.
Your buying power is based upon your income, less your regular debts, with assets (cash) in savings or investments as a compensating factor.
When your loan officer reviews your credit reports with you, you WILL find errors. Errors that may pull your credit score down. Fix them, and your credit score will bounce up quickly.
Correcting Credit Report Errors
Here is a note from my favorite loan officer that explains how you can correct credit report errors.
If your clients' credit ratings are suffering because of mistakes on their credit report, it is their right to have them corrected at no cost.
Credit bureaus are legally required to investigate disputed information by contacting the creditor that originally supplied them with the information. Keep in mind that the three major credit bureaus - Experian, Equifax and Trans Union - usually have the same information for each consumer file, but not always.
Your clients need to contact only the bureau that shows an error.
Factual information cannot be removed from a credit report, and the credit bureaus will not automatically remove information from your clients' reports just because they dispute it.
Your clients have to prove that information is wrong with supporting documentation before a credit bureau will correct a report.
Under the Fair and Accurate Credit Transaction Act (FACT Act), a credit bureau must remove or modify a disputed item within 30 days if it is found to be inaccurate, incomplete, or unverifiable after a reasonable investigation.
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At www.annualcreditreport.com, your clients can request a free credit report once every 12 months from each of the credit-reporting companies listed above.
Did this post tickle your curiosity? CLICK HERE to send your question. Answers shall be sent by email ONLY, unless you specifically ask for phone call.
You can get computerized, automatic, customized FREE ALERTS by email when new listings of homes that fit your wish-list are posted on the Realtor's MLS. You'll find out about the newest listings before most Realtors know about them.
That way you'll know when your dream home hits the market.
Opportunities Are Everywhere...We Can Help You Find Your Dream Home.
Erick Blackwelder or Peggy James of Erick and Company - Exit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-590-2252 list your property for sale or to purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Cannon Bluff, Meadowbrook Woods, Blooms Crossing, Manassas Park, Beaver Creek, Hunter's Ridge, Brittany, Manassas, Montclair, Dumfries, Occoquan, Dale City, Nokesville, or anywhere in Prince William County.
President Lyndon Johnson lead a vigorous campaign through the halls of Congress that lead to Fair Housing legislation. The Republican Party members in Congress backed Fair Housing, while most of the congressional Democrat Party members opposed Fair Housing. Johnson, a Democrat, worked the phones day and night, calling congressional Democrats, calling in favors that persuaded enough Democrats to cross party lines and vote for Fair Housing, and against their party leaders.
