Tag Archives: Credit Scores

Consequences of strategic default not as bad as you think

Lenders want to keep the millions who would benefit from strategic default in a state of fear and confusion to compel the borrowers to keep paying. They would prefer to publicly endorse borrowers most macabre fantasies of strategic default while quietly soliciting new customers behind the scenes. Prior to the blog era, they might have been successful. Continue reading

Posted in Foreclosures and Short Sales, Fresh Perspectives, Home Economics, Strategic Defaults, What You Need To Know About Buying and Selling Real Estate | Tagged Credit Scores, Foreclosures, Short Sales, Strategic Defaults, Walking Away | 1 Comment

How Short Sales and Foreclosures Affect Your Credit Score

How much better for your credit score is a short sale versus a foreclosure? On average, about 40 points. Continue reading

Posted in Foreclosures and Short Sales, Home Economics, Mortgage News | Tagged Credit Scores, Foreclosures, Short Sales | 1 Comment

Walking Away From High Credit Scores

We have all heard it said: “Cash Is King.” A growing number of Americans are starting to agree. Continue reading

Posted in Best Of The Storm, Fresh Perspectives, Home Economics, Mortgage News, Social Mood Swings | Tagged Consumber Spending, Credit Card Debt, Credit Scores, Strategic Defaults | Leave a comment

Types of Credit and How They Affect Your Credit Rating

If you want to take charge of your credit, you need to understand how the four different types of credit work, and how they affect your credit rating. Knowledge is power, especially when it comes to your finances. Understanding the … Continue reading

Posted in Mortgage News | Tagged Austin Texas homes, Credit Scores, Rollingwood real estate, West Lake Hills homes for sale | Leave a comment

Check Your Credit Score Before You Buy

If you are looking to refinance or purchase an Anchorage home, you may want to find out what your credit score is about 3-6 months before you plan on applying for a loan. Why should you check your credit score before you buy? Lenders use your credit score to determine 1) whether or not to approve you and 2) what your interest rate is going to be once you are approved for a loan. Continue reading

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