How or Why do rates move?
Updated Oct. 9, 2013
With rates dipping down near all time lows- I have been asked a lot lately as to why they are dipping or what makes them go up and down? Well mortgage rates fluctuate daily based off of the mortgage backed securities markets and those markets tend to follow the US treasury markets, more specifically the 10 yr bond...

How do my credit cards effect my credit scores??
Updated Oct. 9, 2013
Having good credit has never been as important as it is today in mortgage lending.. I get asked all of the time, " how do our credit card balances effect our credit scores? and should we pay one off vs. paying all down? and if paying them down - how much should we pay down to better our scores?". So here is what I have learned...

credit tip
Updated Oct. 9, 2013
Tip for your credit score in anticipation of applying for a loan or while your loan is in process with lender. DON'T APPLY FOR NEW CREDIT OF ANY KIND. Including those "you have been pre-approved" credit card invitations that you receive in the mail. Every time that you have your credit pulled by a potential...

Credit Tip
Updated Oct. 9, 2013
Here is another tip if you are getting ready to apply for a new home loan or if you have a loan currently in processing with a lender. DON'T PAY OFF COLLECTIONS OR CHARGE OFFS during the loan process. or just prior to applying. Paying collections will decrease the credit score immediately due to the date of last...

credit tip
Updated Oct. 9, 2013
Here is another tip if you are getting ready to apply for a new home loan or if you have a loan currently in processing with a lender:. DON'T CLOSE CREDIT CARD ACCOUNTS. If you close a credit card account it will appear to the FICO that your debtratio has gone up. Also, closing a card will affect other factors in the...