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Mortgage

BOA Mortgage Modification – 3 Things to Avoid For Success

Getting a Bank of America / BOA mortgage modification loan is not as difficult as the majority of people think. In fact, if you go about the process correctly, you are almost assured of approval. Many people get it wrong however and I am going to reveal the 3 pitfalls to avoid in this short [...]

A Co-signer Can Aid Home Loan Approval!

Many requirements are usually not met by main applicants but can easily be fulfilled by a co-signer. What one alone can’t get, can be achieved by the power of two combined. When you apply with a co-signer, his credit score, income, credit history, assets, etc. are also taken into account at the time of loan [...]

FASB Proposed Lease Accounting Changes – Impacts on Commercial Real Estate

Introduction:
The Financial Accounting Standards Board (FASB) on August, 17, 2010 released their “exposure draft” requiring companies to record nearly all leases on their balance sheets as a “right to use” asset, and a corresponding “future lease payment – liability”.  What does this mean to your business in layman terms?  This proposal in essence does away [...]

What is the Average US Credit Score?

The credit score, also well known as a FICO score, is a statistical or numerical interpretation of the information portrayed through your credit file that basically provides a likely window to whether you would pay a loan back on time — the higher your credit score, the higher your credibility in the loan market.
The report [...]

Apartment Lease Negotiation Tips for Lower Rent and Cheaper Renewals!

Imagine this typical scenario:
You return to your apartment after a long day and find in your mailbox or under your door an official letter from your landlord. It says that your current lease will be ending in a few months and that you have two alternatives: (1) receive a “one time special” if you quickly [...]