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Document everything and be prepared to show it. New mortgage rules require banks to be tougher. For mortgages they will want to know the source of all recent bank deposits to prevent loans for down payments. They will want bank records, tax returns, W-2s, investments and other assets. Continue Reading

Know your credit score : You need 620 to qualify for a home loan and 740 to get the best rate. You are entitled to a free report each year . Check them at www.annualcreditreport.com. Correct any mistakes on the reports. Contact the agency and the company that reported the mistake Pay Continue Reading

A HELOC (Home Equity Line Of Credit) can be a great financial tool for solving lots of different kinds of financial needs, wants and problems. If you have equity in your house (more than 20%), and a good borrower profile (not necessarily great, good is good enough), having a HELOC at Continue Reading

Teach your children about credit and money, it will help them as they grow older. These lessons can be some of the hardest to impart to your kids. It may take some time and repetition to get through to them Kids need to learn that things aren’t free. they need to work for them. Continue Reading

Don’t take a 401K loan 401K loans are fairly easy to get from a plan. There is no credit check because the loan is basically secured by cash. You can usually request online and have the money deposited directly into the bank account. You can pay them back on a schedule with payr Continue Reading

  Here is some good credit advice to help increase your credit score. Always pay your bills and pay them on time. Payment history is 35% of your credit score. Don’t borrow more than you can afford. Excessive debt can keep you from reaching financial goals. Your debt ration Continue Reading

  Many people think that what you buy and where you buy it can affect your credit score, but this is not true. The credit agencies are not as interested in what purchases you make, as what you do after the purchase as far as paying back. What they care about is how much you send Continue Reading

Credit scores and counseling can go together hand in hand if you are careful about if.   Credit scores are important for a lot of reasons A credit score is one of the most important numbers that you deal with. It can have a huge impact on your chances of getting a mortgage, a job Continue Reading

Student debt is a real problem Take the bull by the horns and work to get rid of it. Pay more than the minimum. Check with your lender to make sure overpayments are applied to principal. Don’t sign for a loan or a loan consolidation without reading the fine print. Don’t pa Continue Reading

There are many ways to approaching debt payoff. Best way may vary due to the type of debt you face. Some general ways to start: Create a budget and stick to it. There are online tools like Mint.com or you can use an excel spreadsheet. Excel is a great way and it is easy to update. The Continue Reading