Posts Tagged ‘Credit’

March 10, 2010 0

Where the Heck Did FICO Come From?

By Marla in Credit, Mortgage

Not too long ago, the credit world was much different than it is today. Credit bureaus operated in near secrecy, gathering information in ways that may surprise you. For instance, did you know that Retailer’s credit (now Equifax) received information about you gathered by the Welcome Wagon hostess?

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December 30, 2009 0

Getting Started with a Pre-Qualification

By Scott in Credit, Qualifying

(All stories shared on Lending A Hand contain fictitious names with changes to insignificant details.  The privacy and trust of our customers is our top priority.)
Bonnie and Clyde (fictional names, of course) called us up the other day to get qualified for a home purchase.  Apparently the robbery profession isn’t what it used to be. [...]

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December 28, 2009 0

The Bank of Mom and Dad

By Scott in FHA, Qualifying

We received a couple of calls in the past few days for potential home buyers looking to get qualified for a mortgage and both of them had questions about how Mom and Dad could help them qualify. Here are their situations:

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