December 6, 2016 / Casey Fleming, Editor How can you take your credit score down 50, 100 or even 150 points in a single hour? It’s possible, and what is amazing is that it’s not that hard. People do it all the time. Let’s start with a little background. Your credit score is a measure...
The 5 Best Credit Cards for People New To The World Of Credit
Patrick Crozier / October 12, 2016 If you are new to the world of credit, you aren’t alone. Millions of young Americans just entering college or the workforce are learning they need to establish credit quickly and efficiently. Being only an authorized user on your parent’s credit card, however, isn’t doing you or your credit...
Getting a Mortgage 1 Year After BK or Foreclosure
An old client contacted me yesterday worried that she would not be able to get a mortgage to buy a home. Her loan had gone into default a couple of years ago and a Notice of Default – the first step in the mortgage process – had been filed. To your credit report, this is...
U.S. News & World Report Site – Casey quoted on reverse mortgages
As expected I was quoted in an article on reverse mortgages on the U.S. News and World Report website! Here’s the link: Here is an excerpt. How to Buy a Retirement Home With a Reverse Mortgage Before launching into this kind of mortgage, ask yourself how long you’ll stay in the home and if you...
Interest Rates Slide Down Gently to a New Low
Last week I wrote that interest rates were likely to move mostly in response to the stock market. The stock market idled most of the week, moving down unsteadily Wednesday and Friday. Money moved into Treasury bonds driving yields down gently (see red line in the chart immediately below) but mortgage-backed securities did not follow....