by maria | Sep 7, 2016 | Exclusive QA |
Unfortunately, it is a pretty bad blemish. A property foreclosure is one of the most damaging events in a borrower’s credit record. In terms of the effect on your credit history, a deed in lieu of foreclosure-where you voluntarily ‘give back’ your...
by maria | Sep 7, 2016 | Exclusive QA |
It is not easy but certainly doable with both commitment and time. By law, any unfavorable information in your credit file can stay there from 7 to 10 years. Today, however, a creditor must remove credit blemishes in a timely fashion if you challenge them and they...
by maria | Sep 7, 2016 | Exclusive QA |
It is all those things that appear on your credit report that are unflattering. This may include missing a credit card payment, defaulting on a previous loan, filing for bankruptcy in the past seven years, or not paying your taxes. Other black marks may include a...
by maria | Sep 7, 2016 | Exclusive QA |
A home equity loan, like a second mortgage, lets you tap up to about 80 percent of the appraised value of your home, minus your current mortgage balance. But because it’s set up as a line of credit, you will not be charged interest until you actually make a...
by maria | Sep 7, 2016 | Exclusive QA |
A second mortgage is a loan against the equity in your home. Financial institutions will generally let you borrow up to 80 percent of the appraised value of your home, minus the balance of your original mortgage. You may incur all the fees normally associated with a...