Charles Ward - GuaranteedRate

06/29/2021

If you are working on your credit based off what Credit Karma is telling you, stop wasting your time and have someone take a look at it! Your ACTUAL fico score can be as far as 100pts off what your credit karma says. And yes, more times than not, Credit Karma quotes it waaaay higher.

06/28/2021

Cash Jobs? Cash checks? 1099? Small business owner? Anti-bank?

Things NOT TO DO when considering applying for a mortgage.

1) Do you cash all your paychecks and keep all your money in cash at home? Stop it. Immediately. Its 2021, banks need a paper trail!

2) Do you get paid cash at work and not claim the income on taxes? Stop it. Immediately. Being paid cash is fine, as long as you claim it. In this circumstance we use tax returns to assess qualifiable income. So if you don't claim it, you don't have it!

3) Self employed, small business owner, or 1099 contractor? We all know when its tax time we write off as much as we possibly can. However, we will also use tax returns for this. So if in reality you made 120k, but you wrote off absolutely everything and then some, and your tax form now shows only 20k in taxable income, guess what, on paper you now made 20k instead of 120k and wont qualify.

06/28/2021

How much house can you afford with no current debt?**

Make $42,000? You could qualify for $200,000

Make $57,000? You could qualify for $300,000

Make $70,000? You could qualify for $375,000

Worried about closing cost and downpayment? There an app (program) for that! Down payment assistance can you get credit back towards closing cost in the amount of 3%, 4%, or 5% of the total loan amount.

You'll never know where you stand until you ask a lender!

**Based off clients with no debt on their credit report and excellent credit**

If your credit needs work, I can help with that too, just reach out!

Charles Ward
GuaranteedRate Loan Officer
NMLS 2009926
[email protected]

05/26/2021

Well... that's one way to get it done!

Modern problems require modern solutions!

Charles Ward
GuaranteedRate - Loan Officer
[email protected]
NMLS #200926
817.888.2458

05/26/2021

"Renting" is just a nice way of saying "paying someone elses mortgage."

Why help them build equity instead of building equity yourself?

2 Bedroom apartment in Uptown: $2,100 a month
4 Bedroom 2,500 sq foot house: $1,750 a month**

What are you waiting for?!

Lets Chat

Charles Ward
GuaranteedRate - Loan Officer
817/888/2458
[email protected]

**Based on 250k value, minimum down payment, qualified candidate.**

05/25/2021

Todays interest rate! Not buying? Refinancing is a GREAT idea right now!

05/19/2021

This is this the reality for somewhere around 35% of the American Population. An astounding 36% are renting, and a lot of them are paying MORE in RENT than they would for a MORTGAGE!

And think about it.. your monthly mortgage payment is BUILDING EQUITY as where are renting is like lighting money on fire!

How do you figure out how close you are to homeownership or figure out what you need to accomplish to make that happen? Talk to a mortgage lender! Its FREE!

Give me a call, lets figure out where you stand. Its quick, simple, free, and all done online.

Charles Ward
GuaranteedRate - Loan Officer
[email protected]
817 888 2458
nmls 2009926

05/18/2021

Todays interest rates!

05/18/2021

05/14/2021

😆

05/13/2021

Is it Friday yet?

05/12/2021

Lets talk about Credit Collections.

Collections are a pain in the butt. We all find our selves struggling at times and those struggles can stick with us for a long time. (7-years on a credit report).

What is a collection? Collection is when a credit company has attempted to collect their funds from you for a specific period of time and have been unable to do so. At this point, they will sell your debt to a Collections Agency. The collections agency will then be the one attempting to collect the money from you. When this happens, it goes on your credit report as an unpaid collection, and can severely impact your score.

How do you fix it? Just pay it, right?
❌Absolutely NOT!❌
Do NOT just pay it.

The way a collection affects your score, is the INCIDENT, not the BALANCE! If you were to just pay off the collection, it will still remain on your credit report as a $0 balance collection. Meaning a $0 balance collection and a $4,000 collection, affect you the exact same.

So what do you do? Collection companies care way more about their money than they do about messing up your credit score. Call the collection agency and tell them you are ready to settle up. A lot of the times they will settle for less than the total, because the collections agency purchased the debt from the creditor for way less than the balance owed. Before paying them a penny, discuss and ask for a "Goodwill Deletion." This is an agreement between you and the collections agency stating that once the agreed upon balance is paid, that they will completely remove the collections from your credit report.

If you have any questions or would like any clarification on the matter, please feel free to reach out!

TLDR: Do NOT ever just pay a collections. A $0 balance hurts as bad as a $4,000 balance. Call collections agency and ask for a "Goodwill Deletion," once agreed, then pay it.

Charles Ward
GuaranteedRate Loan Officer
[email protected]
817 888 2458
NMLS 2009926