Buying a Home After Bankruptcy

     If you have a current bankruptcy on your credit and want to get financing for a home, there is a fair amount of hope. Purchasing a house using bad credit will simply put far more importance on the other two factors necessary to get a home loan loans, which are: revenue verification and a down fee.
     After bankruptcy, a lot of creditors want you to wait minimum of two years from the time of the personal bankruptcy discharge prior to these folks reviewing you for a home loan loans. After the waiting period is over, you ought to be able to get funding easily. You should also be able to get 100% funding as well.
     If you want to get a mortgage loan soon after personal bankruptcy sooner (as opposed to the two years from the time of discharge), you will require to have just about flawless payment history because of your personal bankruptcy discharge. Also, you may need to have a significant down payment. If you possess also 3-5% to use as a straight down payment fee, that may be sufficient to assist you in getting approved.
     Recently, I have seen many situations where borrowers have worked with a credit repair company to fix issues on their credit, to get into a home.

To see a list of requirements of the Waiting Period after a Foreclosure or Bankruptcy - e-mail me: loan4you@infowest.com

Top 10 Halloween Safety Tips

Trick-or-treating can be one of the most fun Halloween events for your kids. However, it can also be potentially dangerous because it happens outside in the dark. Here are some Halloween safety tips to make sure your kids come home safe and happy:

1. Never go into a stranger’s house – Only get candy from houses that give it to you at the door. If someone invites them in, tell them to just say “no, thanks” and leave immediately.
2. Use the buddy system – Kids should never go trick or treating without a sibling, friend, or parent. If they are going out without parents, make sure you know the area where they will be trick-or-treating.
3. Set a curfew – If you aren’t going trick or treating with your kids, set a time that they need to be home by or a time for them to check in with a phone call. That way, you know that they are safe.
4. Eat a snack / dinner before trick or treating – By eating something beforehand, your kids won’t be as tempted to eat their treats before they come home…which leads to the next tip…
5. Always cross streets at interections and walkways – Make sure your child knows how to cross a street and to only cross at designated intersections.
6. Always check candy before giving it to your child – Make sure none of the candy is open or looks like it was tampered with. If you have small children, make sure the candy is not a choking hazard.
7. Go on your local police website and search for sex offenders in your neighborhood - While this may seem overly precautious, you may want to steer clear of these houses or areas.
8. Wear something reflective in your costume and carry a flashlight – It’s going to be dark out by the time you go home, so make sure cars can see you at night. Put reflective tape on the costume and trick or treating bags.
9. Create well fitting costumes – Kids will be running from house to house, so make sure their costume is suitable for running. Make sure face marks still allow your child to see their full range, make sure capes are not too long to trip over, and ensure any swords are not too sharp. Have them wear gym shoes.
10. Choose flame resistant materials for costumes – Since there can be candles and other open flames at houses, choose a fire resistant material for costumes to avoid burn injuries.

Lessons learned on a Ice Cream Date

     Last night my daughter and I went on a date.  As we left the house she told me she wanted to go and get her ears pierced (let me make it clear, I did verify that this was ok with her mother).  As we drove to the mall she was getting scared, so I decided to stop at Fusion Freeze before we faced the encounter.  We visited for awhile and she got her confidence back, so we proceeded to the mall.

     We made it to the mall, I filled out the paperwork, the young lady (with the big painful gun designed to inflict goobs of pain) was ready to start.  Aannnd my daughter chickened out again.  So we left the mall... and stopped at the high school to pick up my son from play practice... (Fiddler on the Roof showing Weds to Saturday at 7:30 every night)(my shameless plug for the play)...

     We enjoyed watching my son and all of his friends go thru their lines and songs as they prepare for the "real shows" this week...  It was this morning that some powerful messages hit me.

     My daughter did not get her ears pierced.  How many of us, let our fears sometimes of alittle pain, get in the way of allowing us to accomplish our goals.  And enjoy the "beauty" of those goals. 
     Or do we push through the time, practice, blood, sweat, the hard situations.  To enjoy the fruit of our labors, to perform on our "stage".

     Let me just say, that my day at work today, has been very different than it was yesterday and last week.

Waiting Period for Short Sale, Foreclosure or Bankruptcy

Do you (or do you know someone) with a Short Sale, Foreclosure or a Bankruptcy

Watch this video...

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For a FREE copy...  Email me
loan4you@infowest.com

Quiz -- Am I ready to Buy???

There are lots of eager would-be buyers out there. It’s no wonder why! The market currently offers many ideal buying conditions. Interest rates are still at historic lows (for those with excellent credit). Home prices are extremely affordable when compared to area median incomes. There is a large supply of homes available in most markets (more homes to choose from and buyer advantage at negotiations). Yet, the questions remains. Are you ready to buy?  Take a moment to answer this quiz:
 
Am I Ready to Buy?
1. What is your credit score?
     (a) less than 620
     (b) between 730 and 850
     (c) between 620 and 730
2. Do you have downpayment?
     (a) how much?
     (b) yes
     (c) not yet, but we’re working on it.
3. Have you been pre-approved for a mortgage?
     (a) I figured I’d find the house I like first
     (b) Yes, and I have a copy of the letter
     (c) I played around with forms online.
4. Is your job
     (a) temporary, part-time
     (b) full-time and secure
     (c) full-time, but our company is experiencing lay-offs.
5. Do you plan on staying in your current city for the next 3 to 5 years?
     (a) I won’t be here for that long
     (b) Yes, most definitely
     (c) I’m not sure.
6. How much space do you need?
     (a) I want a mansion. I’ll take nothing less
     (b) We know within about 500 square feet
     (c) we’ve given it some thought, but aren’t sure
7. Why do you want to buy?
     (a) I want a place i can show off
     (b) I want stability for my family
     (c) I want to take advantage of the low prices and have a payment less than my rent!
 
Now is a great time to buy your home.  Let's sit down and go over your plan....

HomePath Purchase Loan

This is a great loan for buyers...