FHA Single Family Housing Policy Handbook

[real3dflipbook id=”23″] The Doing Business with FHA section in this FHA Single Family Housing Policy Handbook (SF Handbook) covers Federal Housing Administration (FHA) approval and eligibility requirements for both Title I lenders and Title II Mortgagees, as well as other FHA program participants. The term “Mortgagee” is used throughout for all types of FHA approval […]

Prior Derogatory Credit Event – Borrower Eligibility

[real3dflipbook id=”22″] To be eligible for a mortgage loan, Fannie Mae requires borrowers to demonstrate that they have re-established credit following a significant derogatory credit event, such as a foreclosure, bankruptcy, preforeclosure sale (commonly known as a short sale), or deed-in-lieu (DIL) of foreclosure. Fannie Mae has minimum waiting periods that must be met before […]

Don’t Get Scammed

[real3dflipbook id=”21″] How to spot and avoid mortgage assistance or foreclosure relief scams Don’t be fooled. Look for these warning signs: The mortgage assistance or foreclosure relief scheme . . . Tells you to stop making mortgage loan payments. Doing that can hurt your credit score and limit your options. Charges up front fees. Asks […]

Know Your Rights – Credit Discrimination is Illegal

[real3dflipbook id=”20″] Credit discrimination is illegal The Equal Credit Opportunity Act makes it illegal to base credit decisions on: Race Religion Marital status Color National origin Exercising in good faith your rights under the Consumer Credit Protection Act Receipt of any sort of public assistance Sex Age (as long as you are old enough to […]

Your Disaster Checklist

[real3dflipbook id=”19″] Be prepared: Protect your personal finances If you had to leave your home in an emergency, you would have only minutes to choose what stays and what goes, and your financial records may be one of the last things on your mind. Collecting, copying, and storing your financial information now could help you […]

Understand Your Credit Score

[real3dflipbook id=”18″] Banks, credit card companies and other businesses use credit scores to estimate how likely you are to pay back money you borrow. A higher score makes it easier to qualify for a loan or lower interest rates. Many scores range from 300-850, but different companies use different ranges. You have many credit scores […]

You Have a Right to See Specialty Credit Reports

[real3dflipbook id=”17″] You have the right to know what nationwide specialty credit reporting companies are saying about you. And you’re entitled to one free report each year, just like with the traditional nationwide credit reporting companies – Experian, Equifax, and TransUnion. What’s more, nationwide specialty credit reporting companies have to make it easy for you […]

Pay Attention to Your Credit Report

[real3dflipbook id=”16″] To get and keep a good credit score, pay attention to your credit report. Your credit report shows information about how you have used credit, such as how much credit you have, how much of your available credit you are using, whether you have made your payments on time, and whether anyone has […]

How to Rebuild Your Credit

[real3dflipbook id=”15″] How to Rebuild Your Credit When you experience a financial challenge, your credit record could suffer. Rebuilding it takes time. There are no shortcuts or secrets. But the steps below can help. 1. Pay your bills on time, every time “On time” means the payment got to the company by the day the […]

Ways to Pay Your Bills

[real3dflipbook id=”14″] When you move to a new place, it doesn’t take long for bills to start coming. You may pay some bills like rent, utilities, and other payments each month. You may also have one-time bills, like a security deposit when you rent an apartment. In many cases, you will have one or more […]