The Federal Reserve increased their target rate for the Fed Funds another .25% today (Sept 26, 2018) to 2.0-2.25%. The gradual increase is expected to continue in the future. Another .25% as soon as this December. The Fed has direct control of the short term rates. This increase will directly ... » Learn More about Fed Funds Rate Increased As Expected, Future Rate Forecast
mortgage
Closing Mortgages in Los Angeles and Ventura Counties Difficult Due to Wildfires
My heart goes out to those directly affected by the horrible wildfires in Southern California. An indirect casualty are those trying to close mortgage loans. When there are regional natural disasters like fires, earthquakes, floods, etc, lenders want to make sure the property, that is their ... » Learn More about Closing Mortgages in Los Angeles and Ventura Counties Difficult Due to Wildfires
TransUnion and Equifax Fined for Giving Consumers Useless Credit Scores
I've been saying it for years when I give credit seminars, I recommend that everyone pulls their own credit from the credit bureaus once a year to verify the accuracy of the information in the system, but ignore the credit scores they supply. I've been calling those scores "toys". Now the ... » Learn More about TransUnion and Equifax Fined for Giving Consumers Useless Credit Scores
Best Ways to Improve Credit Scores and the 2016 Credit Scoring System Changes (Live Workshop)
FICOs and credit scoring has a huge influence on getting approved for a mortgage, and what an interest rate will be. Learn how a borrower's actions, even if they thought it would benefit their credit rating, could hurt them. Learn the tricks of the trade, and how underwriters (and computers) look at ... » Learn More about Best Ways to Improve Credit Scores and the 2016 Credit Scoring System Changes (Live Workshop)
Dos and Don’ts When Getting a Mortgage
There are things people do when they apply for a mortgage, that they think are helpful, or don't have consequences, but can be detrimental to getting the loan. An approved loan can blow up last minute, as lenders will pull a new credit report right before funding a loan, to confirm there aren't any ... » Learn More about Dos and Don’ts When Getting a Mortgage