Posted in General on May 24th, 2013 at 10:44 AM
And a follow up...
What they fail to mention is Fannie and Freddie do not accept this score model. There is also a lot of controversy about this new score model and the link below is another article that I read a while ago.
Sorry! I got excited about a "better" system. Should have known...
Posted in General on May 24th, 2013 at 9:51 AM
When you apply for a mortgage, ask your lender if it's using the new FICO Mortgage Score.
It could give you a better shot at a mortgage or home equity loan, especially if you are a non-traditional credit consumer .
The new FICO Mortgage Score considers a shift in consumer credit behavior and is 7.5 percent more predictive of how a borrower will handle a mortgage than the old FICO Score, according to analysis by CEB TowerGroup, a research and advisory firm.
The research reveals if more lenders switch to the new score, more consumers could qualify for home loans, at less risk to lenders.
Here is the full article... http://www.erate.com/fico-mortgage-score-ease-home-loan-underwriting-squeeze-bp.htm
Posted in General on May 13th, 2013 at 1:37 PM
"Drew was great to work with. He came highly recommended by my co-workers. This was my first home-buying experience and he made the whole process run smoothly. I felt he really listened to me and what I was looking for and only showed me condos that met my criteria. He was very good about keeping me updated and easy to get a hold of any time I had a question or concern. He was there through the financing and actual signing. Not only was he professional, but he is also a genuinely nice guy who is friendly and kind." - Eva S.
Posted in General on April 18th, 2013 at 4:14 PM
I will be having my 6th Annual BBQ Party on Saturday, June 29th from 11am - 3pm.
Centennial Center Park was a big hit, so I'm having it there again. They have a great water park and climbing area for the kids. Be sure they are dressed appropriately.
I will be providing food, drinks and beer.
My face painter, Ann Lykins (303-668-1242), will be there as well.
This year, I will be collecting cash/check donations for Food Bank of the Rockies. For every $1 collected, you will be providing 4 meals for those in need. A $20 donation provides 80 meals!!!!
Please RSVP to me at Drew@DrewsHomes.com.
Look forward to seeing you there!
All details can also be found here...