Member Michelle McCue
MemberForum Replies Created
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I have yet to find a non-qm lender that will do this loan in an active Chapter 13. ACRA and Deephaven seem to entertain it, but I do not have high hopes. A6 laws make cash out fairly problematic in Texas. The few times I have done this type of loan I have had the borrower properly get the BK dismissed, and then did the cash out at Oaktree.
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The FICO 8 model used by credit card companies is more critical of high balances on revolving credit lines. Since revolving credit is less of a factor when it comes to mortgages, the FICO 2, 4 and 5 models have proven to be reliable when evaluating candidates for a mortgage.
cnbc.com
Revolving credit vs. installment credit: What's the difference?
What's the difference between revolving credit and installment credit? While having both is important for a healthy credit score, one can be more harmful than the other.
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An important update from the Department of Educaton is below. Unfortunately, repayment options are paused in many instances while they work through the SAVE Program.
Department of Education Updates on Saving on a Valuable Education (SAVE Plan) | U.S. Department of Education
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Kevin is absolutely lovely. He really does set the bar in the industry.
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Credit Versio is a great, affordable do it yourself option for credit repair.
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Illinois has similar property taxes. It is safe to say, more often than not, the taxes are nor commensurate with the property value. It is unfortunate.
Do you feel the state of New Jersey and individual counties provide adequate social services and infrastructure to compensate for the higher taxes?
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ThÃs is a great option. Inexpensive and has great value to both the homeowner and prospective homeowners.
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It means they will not foreclose during this time frame and will work with the Veteran to find solutions to retain the home. I assume modifications and silent second mortgages will play a large part in remediation.
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Yes, they report to all 3 bureaus. The cost is minimal.
I usually have them do Experian Boost as well.
I still like Credit Strong quite a bit. There are also a number of services that can help provide aged tradelines. I will send you the contact information.
I agree, so many people with scores below 500 right now. I have used this service to bump their scores over 500 so we can at least get them qualified. We can work on really repairing their credit after they are safely in their home.
