PruCalVoices

Turn that movie in on time!
September 9, 2009 · · 5 Comments

Credit PathWhen working with Buyers I always get asked about how they can boost their credit scores especially when trying to qualify to purchase their first time home.  My 13 years experience in the finance industry spanning from retail banking, credit, to mortgage brokering has taught me to not to take your credit history for granted.  A lot of folks don’t understand that something miniscule as not paying your movie rental collection can come back to truly haunt you on your credit report; and thus prevent you from buying a home sooner than later. 

 For instance, just recently I had a new buyer pre-approved for a loan, and we discovered that he actually can not start looking for a home until early next Summer.  He had to correct a major derogatory item on his credit report beforehand.  I told him to please not feel defeated!      Read more

Dean Rizzi

Your Credit History
October 20, 2008 · · 1 Comment

Underwriters look carefully at your past payment record as shown on your credit report. Credit reports are ordered at the beginning of the loan process and again just prior to closing to insure that you have not incurred any additional debt that could affect your qualification for the loan. That is why it is so important that you avoid buying anything large until after your loan has closed escrow. Read more