I take pride in providing useful information that you will find helpful when making decisions regarding your mortgage. My monthly newsletter covers different topics each month to help increase your knowledge of the mortgage industry and recent industry happenings. Please take a moment to review the monthly newsletter and click on the links on the left hand side for more news and resources. Feel free to pass this newsletter along to any friends and family members who might find it useful and contact me with any questions you may have.
Thank You,
Teresa Nelson
Spotlight
Money Makeover
Resolve to Get Your Credit Back on Track
As 2008 comes to a close and the monthly
billing statements flood our mailboxes, we clearly begin to see the financial
repercussions of the holiday season. With the total amount of consumer debt in
the United States at nearly $2.6 trillion dollars, it is no wonder so many
families are in a monthly panic. The following money makeover tips should
provide a few rays of light at the end of the long tunnel of debt that will not
only help you get your finances and credit back on track, but also get you one
step closer to your home ownership goals.
Build Your Reputation
Show lenders that you have a history of responsible credit management by applying and establishing credit history on a card at least six months before applying for a mortgage. Use your credit card to create a track record that will allow lenders to determine whether or not you are financially fit for your new purchase or refinance.
Contact Badger State Mortgage Services online at http://badgerstatemortgage.com to discuss your credit history and to determine which mortgage programs best fit your financial situation.
Settle Old Debts
Sure, this may be easier said than done, but what better time to get your finances in order than the New Year! Start by looking into your default history. These credit slipups can cost you down the road when applying for a home loan or loan of any kind. In order to ensure your credit reputation is in good standing, check your credit report regularly for errors or collections. You may be surprised to find a few potentially negative or unsettled accounts.
Call Badger State Mortgage Services at 715-445-5700 to learn how you can acquire your credit report and ultimately determine your mortgage program options.
Elaborate On Your Application
In this day and age of divorce, credit fraud and foreclosures, it is almost
a necessity for loan applicants to include an addendum. When necessary; add
further information about previous credit problems. If such problems were
after you lost your job, for example, and your financial situation has since
improved, you can add a side note explaining your condition. Keep track of
your purchases and obtain a current copy of your credit report to make sure
your credit history is accurate and that no one else is running up debt in
your name.
Improving your credit report will take daily
effort and dedication on your part. Get a fresh start in 2009 and resolve to
make financial responsibility a priority in your life.
Keeping You Informed
Badger State Mortgage Services is dedicated to keeping you informed of the latest market trends and mortgage options. Visit us online at http://badgerstatemortgage.com, or call today at 715-445-5700, to obtain custom loan options designed to fit your needs and help you obtain your home ownership goals.
