A credit score is precious. You need to protect your credit score like you do your children. However, there are many common myths about credit reporting and credit scores. Check out the infographic below which debunks the most common myths about credit scores. And, if...
It’s Tax Time Already – Here’s what you need Can you believe that it is tax time already? It’s time to start pulling together all of the documents that you will need in order to prepare your tax return on your personal property in Escondido or your rental...
I had a former coworker call me a few weeks ago. She isn’t local anymore. Nevertheless, she wanted to touch base because she was ready to put an offer on a home–to buy a home–in another part of the state. This former coworker had done all of her research and wanted to...
As mortgage interest rates increase, the cost of borrowing increases. Interest rates (including mortgage interest) are dictated by several factors—specifically, how the economy and market are performing. So when the recession hits or the economy is under performing,...
How Will a Short Sale Affect My Credit Score? Borrowers often ask, “How Will a Short Sale Affect My Credit?” An individual’s credit rating affects their ability to obtain financing and obtains favorable rates. FICO, the Fair Isaac Corporation, is the most widely used...
Tax Implications Borrowers are often concerned about the tax consequences of a short sale. This is because, up until fairly recently, mortgage debt on a primary residence that was forgiven from a Short Sale or Foreclosure could be counted as “taxable income” by...
