Category Archives: Credit

Miami Home Loan Staff Reviews Biggest Credit Myths, Mistakes, & Misconceptions

Miami Home Loan staff interviews our partners at Mortgage Market Guide and Credit Technologies to determine some credit myths and mistakes made in efforts to achieve good credit. Good credit is well worth the effort it takes to both achieve … Continue reading

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Miami Home Loan Qualifying After A Short Sale

Miami Home loan, and Element Funding, a direct lending mortgage bank, is confirming a short sale in a buyers’ history does not prevent a buyer from buying a home again.  Jim Carter wrote this note to give a buyer some … Continue reading

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How do You Qualify for a Home Mortgage? The Underwriting Matrix

Miami Home loan, and Jim Carter of Element Funding, direct lender, presented an overview of the current process to qualify for a home loan.  There are details of the 4-C’s of underwriting to help you understand the current underwriting environment … Continue reading

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IRS Not Releasing Tax Transcripts

Miami Home Loan, and Element Funding, direct lender, learned there have been some delays attributed to the current government shutdown. It has come to our attention that the IRS is no longer releasing transcripts to the borrower’s on self-employed borrowers.    … Continue reading

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Update on Consumer Finance Protection Bureau laws of 2013 – Target: Credit Cards

Miami Home Loan 4U staff and James Carter, has found a knowledgeable financial writer Shane Parker, who is. a community member working with the mortgagefit financial network. Shane writes on mortgage, home loan, credit and more. Shane can reached at … Continue reading

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Miami Home Loan Discusses FHA DTI Revisions

FHA Debt-To-Income (DTI) requirements have changed, and Miami Home Loan staff outlined these changes for you in this note.  Please call me, James Carter with any questions at Element Funding, at 305-525-6742.  We will get you or your buyer qualified, … Continue reading

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Revised FHA New Credit Requirements Date

Save Money on Your Miami Home Loan Miami Home Loan staff was forwarded  part of the email our operations department received from HUD concerning the collection and dispute policies.  They have delayed the implementation of this until July 1, 2012!!!   … Continue reading

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Miami Home Loan HUD February Updates

Miami  Home Loan presents the FHA Revised Guidelines which are  Effective 04.01.2012 These are some exerts of the February 28 Mortgagee letter from the U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. Miami Home Loan staff is publishing these excepts to … Continue reading

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How To Establish Credit for a Miami Home Loan Using Secured Cards

We at Miami Home Loan want you to qualify for a home loan, but to do so, you must have credit and good credit scores.  Whether you’re just starting out in the world of credit or hoping to rebuild a damaged … Continue reading

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A Miami Home Loan Requires Good Credit

 A Miami home loan in South Florida home loans require good credit, and generally, with no disputes or collections outstanding on the credit report.  So, the best solution to confirming a clients credit report is acceptable is to complete an … Continue reading

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