Understanding your credit scores is the key to your success with restoring your credit and obtaining good credit. How is your credit evaluation? Impeccable credit? Excellent credit? Good credit? Fair credit? Poor credit? Some consumers have excellent credit scores in the mid 700s with minor blemishes, but would like to exceed to the 800 plus […]
First Pro Capital Posts
Preparing Yourself for Home Buying – 5 Easy Steps
With interest rates low, large foreclosure and short-sale inventories, first-time home buyers and the financially recovered homeowners have made the decision to get into the real estate market. If home ownership is finally within your means, keep in mind these five simple steps of home buying. 1. Do Your Diligence: Use the Internet to learn […]
10 Simple Credit Do’s and Don’ts
Consumers may be rejected for loans or jobs based on erroneous credit reporting. In a recent study, 79 percent of credit reports reviewed contained serious errors or other inaccuracies in regard to a credit trade line and personal information. Did you know, the national average credit score for those with a severely delinquent mortgage account was 599 […]
Are you in “Generation Rent” or in the “Homeownership Society?”
“Generation Rent” consists of the strategic defaulters, the employee that lost a job or had a significant pay cut, loss of income of a business owner, and the young professional that just graduated from college. The “Homeownership Society” lives and breathes the American dream of becoming a homeowner. Currently, a number of individuals are undetermined […]
The “real” Real Estate Investor vs. the “Wannabe” Real Estate Investor
7 differences between the “real” real estate investor versus the “wannabe” real estate investor…. The real real estate investor has: a seasoned background of buying and selling real estate an “exit strategy” or “buy and hold” strategy before they seek financing an executed purchase agreement an executive summary and a copy of their most recent […]
Bankruptcy “Cram Downs” for Commercial and Residential Loans
The concept of Personal Bankruptcy “Cram Downs” was established in the “Helping Families Save Their Homes Act ” in 2009. The Helping Families Save Their Homes Act allow bankruptcy judges to “cram down” the second mortgage on investment properties, second homes and also modifying the first mortgage. Contrary to the rule, judges in California, Texas […]