Most mortgage deals don’t die because of credit scores — they die because no one understands what the credit report is actually saying.
One situation that frequently surprises borrowers — and sometimes lenders — is when an SBA loan appears on a borrower’s personal credit report. Many business owners believe that if a loan was taken out for their business, it should stay with the business. However, most SBA loans require a personal guarantee from the business owner. When the…
Read MoreThe Truth About Credit Repair: Why “Fast” Usually Means Fraud
Let me be direct with you today — because what is happening in this industry is costing people their homes, their loans, and their futures. The Pattern Is Always the Same I recently taught a class where a loan originator shared something that stopped the room. He had referred clients to a woman who delivered…
Read MoreNavigating the Maze: How Credit Bureaus Use Stall Tactics to Slow Your Progress
If you’ve received a letter from TransUnion, Experian, or Equifax that left you more confused than when you started — you’re not alone. These letters have a name in our industry: stall letters. And understanding what they are is one of the most important things you can do as a client on this journey. What is…
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