Credit misconceptions

Someone sent this to me but i can’t remember who. Thought i’d pass it on anyway. 1) “Free” credit report scores are accurate and reflect mortgage report scores. No. For the purposes of obtaining a mortgage; free credit reports are literally worthless. 2) A...

New short sale and loan mod rules

Homeowners receiving loan modifications for their primary residence (and noted on their credit report); are now being treated as short sellers by Fannie Mae…even if the homeowner was never late on their mortgage. In other words: A responsible homeowner, who made their...