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Archive for July 17th, 2008

1. Have your credit checked early in the process. Most people do not know their credit scores or what really determines a good credit score. It is not enough to get a free credit report from a single credit reporting agency. It is important that you have a mortgage planner obtain a tri merge report. This will provide scores from all 3 reporting agencies. Typically the lender will take the middle of the three scores when qualifying an applicant. It’s important to determine if there are credit issues early on. Many times they can be corrected in a matter of weeks and will raise your score. A low credit score can cost you many thousands of dollars in mortgage interest.

The interest rate on your Federal consolidation loan will be the weighted average of the current interest rates on your eligible student loans being consolidated rounded up to the nearest 1/8%, or 8.25%, whichever is less. Consolidation gives you the opportunity to reduce the size of your monthly payment. Depending on the total amount of student loans that you have you can choose one of several repayment plans with loan repayment periods up to 360 months. Depending on the total amount of student loans that you have you can choose one of several repayment plans with loan repayment periods up to 360 months.

1. Make sure that you have your credit checked prior to beginning your home search. Your credit score will be one of the primary determinants in your mortgage qualifying. You must have your tri-merge credit report “pulled” by a mortgage planner to determine your middle score. The middle score is most often used by lenders to qualify an applicant. By having your credit checked early in the process you are able to correct any mistakes or repair any items that may be harming the score. This process can take several weeks so it is important to start this early. A low credit score can cost you thousands of dollars in mortgage interest.

It happens every year. High school seniors and their parents are defrauded by scholarship scammers; people who promise to help them land scholarships and financial aid they wouldn’t otherwise receive.

Estimates vary, but it seems likely that these crooks…and that is an appropriate word…collect in excess of $100 million annually from unsuspecting families.

Because college costs scare nearly all of us, and because many people do not realize that there is money available to help them send their children to college, these scammers have found it very easy to find and exploit their victims.

Many people who wish to start their own business need an injection of financial capital at the beginning of a business; the main source of funding for entrepreneurs is business loans. Contrary to the belief that bankers actually look for reasons to turn down prospective clients in need of a loan, they are in the business to lend money.

Identity theft is a popular crime today. But unlike other crimes, the victims of identity theft often are unaware that a crime has been committed until after the damage to their credit and their name has been done. Would you know before it is too late if your identity is stolen? Here is what to check for to stop identity theft in its tracks.

One of the most common way criminals use another person’s identity is to apply for new credit cards or loans under a false name.

Although some companies that offer payday loans ask for tons of documentation, there are some that now make the process easier and quicker to complete. For instance, many companies now offer a payday loan with not faxing required, which includes a few simple forms that can be found online.

A payday loan with no faxing required can happen and they are available to you. You can find them online and off and it’s really simpler then you think.

Securing a Payday Loan with No Faxing Required