Mortgage News: Robert Krowel Credit Risk in today's Real Estate B...

Mortgage News: Robert Krowel Credit Risk in today's Real Estate B...: Robert Krowel Credit Risk in today's Real Estate Business I am here to explain the different credit risk and common mistakes that pe...

Robert Krowel Credit Risk in today's Real Estate Business

Robert Krowel Credit Risk in today's Real Estate Business I am here to explain the different credit risk and common mistakes that people are making in today's Market. I (Robert Krowel) have been in the Mortgage Business 17 years now. Through the years I've seen the market at its peeks and lows. During this time different credit risk have seen a rise. In today's market, even though we are out of the recession. We are still seeing stricter guidelines with Fannie Mae, FHA, VA, and Freddie Mac loans. When applying for a mortgage loan you want to make sure that you have these things resolved so when you are in escrow we don't have a problem arise. 1. All credit cards should be at no more then 48% of the max credit limit. 2. Make sure all collections that are not medical are paid and resolved. 3. If you have filed BK or foreclosure, make sure you have all of the paperwork because the lender will need to see this. 4. Don't over extend your self. IF you can pay off your credit cards on a monthly basis. You will see your credit score jump very fast. 5. When applying for a Mortgage Loan. Do not let more than 3 Mortgage companies run your credit. After 3 you will see a drop on your credit score. 6. This is the biggest one. When you are in escrow. Do not open anymore accounts. Don't buy furniture, cars, or anything else until you close escrow. Not only can this hurt your credit and have to explain these things. This can also greatly affect your Debt To Income and make where we can't close the loan. Any questions, please don't hesitate to call Robert Krowel I would be happy to assist you with any questions you may have. Robert Krowel 951.756.3748 Robert Krowel has been in the Mortgage business for 18 years now. please visit www.icitymortgage.com/robertkrowel

Mortgage News: Mortgage News: Robert Krowel Credit Risk in today'...

Mortgage News: Mortgage News: Robert Krowel Credit Risk in today'...: Mortgage News: Robert Krowel Credit Risk in today

Mortgage News: Robert Krowel Credit Risk in today's Real Estate B...

Mortgage News: Robert Krowel Credit Risk in today's Real Estate B...: I am here to explain the different credit risk and common mistakes that people are making in today's Market. I (Robert Krowel) have b...

Robert Krowel Credit Risk in today's Real Estate Business

I am here to explain the different credit risk and common mistakes that people are making in today's Market. I (Robert Krowel) have been in the Mortgage Business 17 years now. Through the years I've seen the market at its peeks and lows. During this time different credit risk have seen a rise. In today's market, even though we are out of the recession. We are still seeing stricter guidelines with Fannie Mae, FHA, VA, and Freddie Mac loans. When applying for a mortgage loan you want to make sure that you have these things resolved so when you are in escrow we don't have a problem arise. 1. All credit cards should be at no more then 48% of the max credit limit. 2. Make sure all collections that are not medical are paid and resolved. 3. If you have filed BK or foreclosure, make sure you have all of the paperwork because the lender will need to see this. 4. Don't over extend your self. IF you can pay off your credit cards on a monthly basis. You will see your credit score jump very fast. 5. When applying for a Mortgage Loan. Do not let more than 3 Mortgage companies run your credit. After 3 you will see a drop on your credit score. 6. This is the biggest one. When you are in escrow. Do not open anymore accounts. Don't buy furniture, cars, or anything else until you close escrow. Not only can this hurt your credit and have to explain these things. This can also greatly affect your Debt To Income and make where we can't close the loan. Any questions, please don't hesitate to call Robert Krowel I would be happy to assist you with any questions you may have. Robert Krowel 951.756.3748