Littleton Mortgage

Is it not a time to buy a House. Sometimes buying a home does not make any sense at all. Especially if you are not in it for the long term. A lot of what we call the mortgage meltdown was due to the fact that to many people were in it for the short term. At the time you could just be in a house for 5 months and walk away with $50,000. And who could blame any one for wanting to do that. The problems arise because real estate should be a long term investment. The whole mortgage meltdown could have been prevented. Look to stay in the house at least 10 years. I know its hard to predict what is going to happen in just 5 years. Let alone the 10 years down the road. But its all so hard to go bankrupt. The problem is a lot of people received short term arm loans. Some loans were only 2 years long. In that 2 years the market changed completely. littleton Mortgage
Now instead of that person making $50,000 in 5 months. They were upside down $50,000. or they were owing $50,000 more on the home than it was worth. So they lost the ability to be able to sell the home. Now that they lost the ability to sell the home they had no way of getting out of it. With no way to sell the property or refinance the 2 year adjustable rate mortgage comes due. With the Adjustable rate due the mortgage payments were now twice what they were before. Then they had to just walk away from their home or investment. Then the bank takes on their bad investment. Thats how some of the mortgage meltdown blame can go. Of course the mortgage meltdown was dynamic, so there are many other factors involved this is just a part of the problem that added to the mortgage mess.

Littleton Mortgage

Littleton Mortgage

: Credit repair

Lets say you don't have the best credit in the world. What should you do now?

Everyday, companies target consumers who have poor credit histories with promises to clean up their credit report so they can get a car loan, a home mortgage, insurance, or even a job once they pay them a fee for the service. The truth is, these companies can’t deliver an improved credit report for you using the tactics they promote. It’s illegal: No one can remove accurate negative information from your credit report. So after you pay them hundreds or thousands of dollars in fees, you’re left with the same credit report and someone else has your money. Make sure you know your rights

No one can legally remove accurate and timely negative information from a credit report. The law allows you to ask for an investigation of information in your file that you dispute as inaccurate or incomplete. There is no charge for this. Some people hire a company to investigate on their behalf, but anything a credit repair clinic can do legally, you can do for yourself at little or no cost. According to the Fair Credit Reporting Act (FCRA): This are the law

Credit repair information and free credit reports for debt consolidation and debt management counseling. Understand consumer credit counseling and debt consolidation credit counseling. Use low-interest credit cards for bill consolidation for credit repair and avoid bankruptcy using our proven, debt management techniques.

By law, credit repair organizations must give you a copy of the "Consumer Credit File Rights Under State and Federal Law" before you sign a contract. They also must give you a written contract that spells out your rights and obligations. Read these documents before signing the contract.

The law contains specific consumer protections. For example, a credit repair company cannot:

So make sure you know your right about credit repair. You don't need to go to a credit repair company to help you with your credit repair. The best place to look and get help in mu o pion is a credit repair forum on line that is free. There are people in the forum will help you for free. This will save you a lot for money.