From Fox Business… Many people make some very simple, and well meaning, mistakes that can have major implications on their credit score and, adversely effect their ability to purchase or refinance that home!  Click the link below to get more information on 5 of these mistakes…

FIND 5 COMMON MISTAKES THAT CAN CRIPPLE YOUR CREDIT SCORE

While the FHA mortgage insurance increase has been delayed by a month (October 4th now), the reasons for it have become cloudy!

I couldn’t agree with Frank and Brian’s take on this more!!!

Click the link below to view.

When Are Realtors, Loan Officers and Appraisers Going to Get Help?

Thinking of buying a home?  Thinking of FHA financing?  Thinking of procrastinating a while longer?

The cost of mortgage insurance on FHA mortgage loans will be going up on all loans with FHA case numbers ordered on or after September 7, 2010!!  This could mean significant increases in your monthly cash flow for the SAME loan you’d take out today!!

Click on the link below for further details from Frank and Brian, the Think Big Work Small guys.

FHA Loan Costs Going Up!

The mortgage world is constantly changing and it seems almost impossible to catch up at times.  With the dramatic importance of good credit and credit scores, it would make sense to be ever vigilant of the changes in credit cards as well.  The Wall Street Journal did a very good job of summarizing some of the tricks that banks are playing in order to try to recapture some of the lost revenues that recent changes in credit card laws have thrust upon them.

See the story by clicking on the link below…

A Consumer’s Guide to the Latest Credit Card Traps