Trigger Leads: Protect Your Personal Data Did you know that the major credit bureaus sell your personal information? It’s true! Known as “trigger leads”, the files of borrowers applying for a home loan are immediately flagged, packaged, and sold by the credit bureaus to the highest bidders. For about $25 to $100 or more, your name and certain specifics about your credit report, including your address, phone number, mortgage history, and even your FICO score range, are sold to unscrupulous mortgage companies which then blindly solicit your business. This... Read More >
Should You Rent Or Buy Now?
Here’s a quick note to let you know how I can help you—or anyone you feel comfortable introducing me to. Many families wonder if, in a rising real estate market, it might make more sense for them to rent instead of buy. It’s a fair question, which raises other questions: Can you afford the monthly payments on a mortgage for a house that you would want to live in? Perhaps you can only afford to buy a shack an hour’s drive away, but do you want to do that?... Read More >
Rebuilding Credit: It’s Not Too Late
How long does it REALLY take to rebuild your credit? It’s true, negative credit items can remain on your credit report for up to 7 years (up to 10 years for public records, such as a bankruptcy, tax lien or judgment). But this doesn’t mean that you have to wait 7 to 10 years to begin reestablishing a good credit rating. Because credit scoring models typically lend more weight to your recent activity than to the mistakes you’ve made in the past, you can change your habits right now... Read More >
How To Raise Your Credit Score–FAST!
If you are looking to improve your credit score quickly, now is the time to get started. Give me a call (208-880-0316). I’ll review your credit and find out exactly where you stand and where you need to get to. In the meantime, here are some great strategies you can utilize right away to give your score a little boost. Create Some Balance: While paying down installment debt (car, school, mortgage, etc.), on time, and as agreed, shows responsibility and will definitely boost your credit score, paying down or... Read More >
Bi-Weekly Mortgage Programs
Many of my clients ask me about whether or not it is smart to enter into a contract to make bi-weekly payments on their mortgage. Do you know what this means? In a bi-weekly mortgage program, the amortization schedule is accelerated. For example, with a 30-year amortization schedule, the borrower makes 12 payments per year. In a bi-weekly arrangement, the borrower makes 26 ‘half’ payments, which allows the loan to be paid off in 22.8 years instead of 30 years. It’s the same as making 13 monthly payments. On... Read More >
>> What Lenders Look For
Once your loan application is filled out and sent to the lender for review, the first thing they will...
The material contained on this website/blog is for informational purposes only and is not intended as legal or professional advice. Idaho First Bank assumes no legal liability or responsibility for the accuracy, completeness or usefulness of the material. The material contained herein does not necessarily state or reflect the opinions of Idaho First Bank.