Monthly Archives: March 2011
Dana asked… How can I get and keep good credit?
In the big picture, you can get and keep good credit scores without ever paying a dime in interest or carrying debt. Isn’t that great news? It is best if you have a couple cards that you uses sparingly and pay off in … Continue reading
Shorts Sales Hit Your Credit – HARD!
Many people think that, because they are avoiding foreclosure by short selling their house, they are not going to hurt their credit. This is not the case. If you short sell your house, you will take a huge hit on … Continue reading
What exactly is a Short Sale?
A short sale of a house is when the house is sold for less than what is owed on the mortgage. For this to happen, the lender has to agree to accept less money than what is owed. Not all lenders … Continue reading
How Much House Can You Afford?
Mary asked ALMC – How do I know how much house I can afford? When your parents bought their first home they were likely encouraged to stretch as far financially as they possibly could. Today, potential homebuyers are still pushed … Continue reading