CALL TODAY 1734-774-8690

CALL TODAY 1734-774-8690

If you have negative credit on your credit report, such as judgments, lines, collections or late pays, contact each holder of that negative credit and work to get that line item off report. Sometimes, it is as complicated enough that you need Banco Financial Services .

Most of the time, judgments,liens,collections and bankruptcies will not be taken off of your credit report for seven years. Yet, if you pay each one in full, the impact on your credit score is less than an outstanding, unpaid debt.

Pay Down Your Debt

One of the biggest hits to your credit score is the amount of debt versus the available limit of the debt. If you have credit cards debt, the smallest hit to your credit will occur when you have only used 35% of the available credit line. Additionally, when you first take out a loan and owe almost as much as the original balance of the loan, you will have lower score, even if you are current on your debt. The longer you have had the debt, the better the impact on your score.

Do you have a bankruptcy on your credit report?

Do you have a bankruptcy on your credit report?

Although a bankruptcy will remain  on your credit reports for 10 years, it’s impact will fade with time. You can help the process by offsetting the negative information on your credit report with something more positive.

Allow Banco Financial Services to assist you! We can help get you back on the right track for the new year and the rest of your life! Please give us a call at 734-744-8690

Do Not Be Intimidated By Credit Restoration

Do Not Be Intimidated By Credit Restoration

Bad credit mortgage rating:Some people have been victimized in credit repair scams,but which is not to say you can find no legitimate firms available that can help you.If you would like to obtain your credit back on track,this write-up is extremely helpful in letting you understand what to appear out for when selecting a credit restoration organization.

What is secured credit card:Cut back on items you don't demand.Switch to buying generic items,like food or begin making use of coupons.No matter what you may do to reduce costs,do it.Put aside your wants to get caught up on your bills.This can assist you conserve more money so that you can usually get caught up a lot quicker.

Scientific notation calculator:Remove negative items from the credit report by filing a dispute for inaccuracies.In the event you request your credit report and notice there are negative items that are not accurate you should file a dispute.This will assist you to eliminate these things from the credit report.By doing this it will likewise make your credit better.

Throughout the procedure of repairing you credit,have in mind that you will find no legitimate shortcuts to fixing your credit.Credit restoration is a lengthy process requiring dedication dedication and patience.Get easy-resolve offers by using a healthful grain of salt,and remember that credit solution that sound fat too excellent to be true usually are.

An important tip to think about when working to restoration your credit is that you should try to never ever just pay the minimum due on an account.This can be critical due to the fact not only from the duration that it will get to pay way from the amount,but also due to the amount of rate of interest you will end up paying by prolonging the loan.

Use one of your charge card for daily purchases.You can guide build or restoration your credit by using your credit card for tiny everyday purchases.You must always pay them off almost as quickly as you utilize them therefore you don't incur any finance charges or charges.

If so when you pay off a creditor,always keep a copy from the statement or receipt that says you will be paid in full.Having this will be essential if the creditor fails to report it towards the credit bureaus.It is possible to then send it in having a letter towards the credit bureau and have the facts changed to reflect the account is paid away from.

When you are trying to improve you credit rating,you should be much more careful when it gets higher,not reduced.The influence on your score increases as your score get higher.This means that a maxed-out debit card can get almost twice as numerous details from the 780 credit rating as from the 680 score.

Since this write-up discussed,credit restoration is actually legitimate company that has its share of fantastic and bad businesses.Understanding who to trust and what to style out for might help guide you within the correct direction of credit repair.Utilize the knowledge and guidance form this document and you are able to spot credit restoration specialists that happen to be legitimately trying to assistance.

What Dose Banco Capital Corporation Do?

What Dose Banco Capital Corporation Do?
At Banco capital Corporation,we help educate and repair damaged credit.We know that in today's tough economy,it can be very difficult to qualify for a mortgage,loan,or even a credit card,We specialize in helping our clients achieve their short-term financial goals.Seventy percent of credit reports contain information that is inaccurate,incomplete,unverifiable,misleading or obsolete.Our vast knowledge and experience in the laws related to credit repair allows us to get these negative items deleted from your credit reports.

There exist many laws, both State and Federal that not only protect you-the consumer,but also regulate the credit bureaus and the creditors that report to those credit bureaus,We will use our vast experience and expert knowledge to be your advocate in exercising your rights and correcting your credit reports with Equifax ,Experian and TransUnion.

One we receive your credit reports , Credit Repair Consultants will immediately begin the process of auditing your reports and preparing the investigations that we will be sending on your behalf to the credit bureaus.Typically,you should begin seeing positive results approximately 10-15 days after we initiate the investigation process.

Once the credit bureaus have processed the first round of these investigations,they will send you updated copies of your credit reports showing you the results of the investigations.Simply forward the updated reports to us and include all other correspondence you receive from them so that we may continue the process.

Who Is My Personal Favorite Credit Repair company?

Who Is My Personal Favorite Credit Repair Company?

A Favorable credit repair business will allow you to obtain results much greater than you'll be able to count on.Ill explain to you who's the best.

I help people get house mortgages for a living so I have had a lot of exposure to various credit restoration businesses, a few know what they're doing and some don't understand nearly anything.

If you use a poor credit score repair firm then you won't have a clue as to what they are actually accomplishing.A good above standard credit score repair company will at least tell you which creditors they are disputing with.

When your credit restoration company has any kind of spine they should dispute nearly anything.A bad credit repair company will flounder and creep across the truly detrimental items that are pulling your rating down.

A good credit repair company provides you with results that will significantly surpass the price of their services,a bad credit repair company bill you ridiculous amounts that will get you sub par results.

Who Do I Think The Greatest?

There is only one, and only One credit repair agency which I trust with regard to my clients , and that is Banco Financial Services .Should you contact them they'll put you in contact with a professional free of charge.They just don't try to sell you or anything like that,they want to just make the procedure as clear as possible. They can check your credit sore over the phone and every paralegal that I've ever spoken to over there's super helpful.The corporation can perform credit restoration in all fifty states so you can use the service irrespective of where you live.

There people have a portal online that lets you observe everything that has taken place in your profile. They'll let you know loud and clear when results are to come in , and the Banco even provides you with ability to select what you want to negate first.Yes,it sound somewhat like an attorney group would cost lots of money nonetheless it simply isn't the truth.You aren't obligated to a contract and you have the ability to freeze your process at any time.

What has been my personal exposure to Banco?

When you send me credit repair clients to Banco they will typically always return to me ready to buy a residence.That's the sort of thing that can make a family happy, so that what can make me pleased.I would like everyone who is looking for credit repair company to work with the best.

Reasons to Make use of a Credit Restoration Professional

Reasons to Make use of a Credit Restoration Professional

Using a good credit score is among the most often ignored financial characteristics a person provides.If you have a favorable credit record,you can effortlessly qualify for some of the lowest interest rates on a mortgage loans,automobile loans,credit cards,as well as other kinds of debt.When you have a bad report,you'll possibly not be accepted or perhaps will pay out far more on curiosity and fees when compared to a customer with a good report.

Generally speaking, for the greatest price feasible on a fresh mortgage or perhaps financial merchandise, you may need a report associated with 720 to 750 , with regards to the lender.Individuals with a six-hundred credit score or even worse will probably have a problem qualifying for just about any form of credit.If they are authorized, they'll have to pay for a lot more in curiosity and costs.

For all those together with poor credit and also the want to increase their score,working with a credit restoration specialist is actually a good option.Any credit restoration specialist is someone who will be focused on supporting people who have poor credit improve their rating so they can then qualify for the majority of home loan along with other bank loan products.

A Good Credit Rating Is Feasible for Everyone

A Good Credit Rating Is Feasible for Everyone
Bad credit score restoration is one of the most required solution inside Banco Services Corporation number of consumers needing credit help is absolutely astounding. The reasons why countless suffer from a destroyed credit history is actually since they haven't had work opportunities or time happen to be challenging.

Its possible for everyone who has an adverse issues or numerous items to start a credit improvement campaign.It is easy to think that there isn't any way you can question items that you feel like should actually be there, nevertheless, you can leverage the system the same way that you lenders have; if you collectors cannot provide documentation of their claim against you then that item can disappear altogether into oblivion, at the time you can see your own ranking go higher and higher. The game isn't that complicated,you just have to be able to play it well and that is where a good credit repair company comes in.

The truth is there are plenty of techniques to utilize besides the strategy of see whether or not the financial institution can record their assertion against you but this definitely a significant manner in which the overall game is played. Make sure you don't simplify the approach,there's an art form to timing requests from both the creditors and the bureaus that's best left up to the pros.

You actually shouldn't consider buying a bad credit repair "do it yourself" kits that's pitched nowadays.Ought a cement worker start caring sculptures over night and expect to do a good job?Probably not a real brilliant idea for him. You anticipate to see the same kind of prblems if your yard guy tried to offer you an eye test by trying credit restoration on your own.

So many people are misinformed how they neither of them devote or do getting some protecting when they're undertaking the credit score improvement.Credit improvement usually means not just in repay the bank notes,but also to fix your credit stories for the obtaining further more loans or methods of their form.

Absolutely everyone will definitely have economic ab exercises along with the much more you try to emerge from it, greater you will get caught you into it .It is therefore better to usually have a piggy bank which could come in handy when you work out in repairing your credit. When you are doing an costs. If that is the situation, look at the following selections.

1.Hold only those products that you would like.If you feel you possibly can live without it,just sell against each other. 2.Constantly try out simple and easy work from your credit.Stock options broker agent,newborn resting and other related material will let you acquire an additional salary to invest in your personal savings.3.Take away the pointless costs.

Often try and maintain a minimum amount steadiness in the benefits provide for. And do not apply it for bills except in cases where and before you are left without having other selection.That can be done anything yourself,but additionally advantageous is a valuable free credit repair assistance, as it wold be typically made available from folks who they are aware how properly and in what way swiftly you place your credit reports. There are various free credit repair websites that may help you out normally to overpower the credit recession in a really fast and acceptable method.

Continue but surely not the least, you must not fit in all those important repairing credit ripoffs,that make a lot of promise and esquire modest bills straight up. When you currently in economic crisis it can make no good sense to get rid of more money!

TAKE ACTION

After reviewing your credit reports, we'll prioritize your bad credit items and match them with the credit repair strategies that best meet your needs. Call 1.800.442.1591 - Gaining Financial Stability with Intelligence and Integrity!

Ways to Improve Your Credit Score

Most consumers understand that missed payments will appear on their credit reports and cause their credit scores to go down as a result. Generally, you should be in good shape if you:

•Pay your debts on time
•Don’t carry too much debt on any one credit card
•Don't close older unused accounts unless absolutely necessary
•Apply for new credit only when you need it

But to improve your credit score, you need to take additional steps long term. These suggestions serve as a starting point:

1. Monitor your credit reports on a regular basis.
2. Dispute inaccuracies and outdated items on your reports.
3. Maintain low balances (compared to credit limits) on your credit card accounts.
4.Sustain the length of your credit history.
5.Keep different types of credit open if it makes financial sense for your situation.
6.Apply for new credit only when you need it.

BANCO Capital Corporation Specialists can help you complete these tasks. We assist you with credit repair solutions to clean up your credit report today and provide financial education and guidance to help you build a stronger credit history for your future.

Call 1-800-442-1591

GET US ON THE CASE

Once you engage our firm, we help you obtain your credit reports from the three major credit bureaus: TransUnion, Experian and Equifax. Since each client's case is unique, we will collect specific information regarding your particular circumstances for each item in question. Sign up with http://www. creditchecktotal.com and call our office; 1.800.442.1591 - Gaining Financial Stability with Intelligence and Integrity!

What Happens If I Swipe My Debit Card as 'Credit'?

It's a question we've all heard when shopping: "Credit or debit?" It seems straightforward, just the cashier asking you what type of payment card you're using, but there's actually a lot more history to that question than you might think.

Debit and credit transactions are processed differently: Here's how MasterCard explained it in an emailed statement to Credit.com: When you use a debit card and your PIN (personal identification number), the transaction is completed in real time, also known as an online transaction — you authorize the purchase with your PIN and the money is immediately transferred from your bank account to the merchant. With a credit card, or using a debit card as credit, it's an offline transaction.

"The funds for offline transactions are deducted after the merchant settles the purchase with the credit card processor and typically take 2-3 days to be reflected in your account balance," MasterCard says.

Why Paying Off Your Student Loans Could Actually Hurt Your Credit


When Having No Student Loans Hurts
Student loans are installment loans, meaning you make payments over a set period of time, and once the loan has been repaid (with interest), the account is no longer active. One of the main factors determining your credit score is your mix of credit accounts, and a combination of installment and revolving accounts will help your score. (Revolving accounts, like credit cards, allow you to repay your balance and borrow up to a certain limit over and over again.)

If student loans are your only active installment loans, paying them off will change your account mix. This category of your credit score shows how good you are at managing multiple accounts of varying structure at the same time, and without different active accounts, there's no recent information supporting your ability to do so.

"If that student loan is really the only installment loan experience, by virtue of having no more active installment loans, that's certainly going to be factored in," said Ethan Dornhelm, principal scientist of the Scores Development Group at FICO.

Why Work With BANCO Capital Corporation to Restore Your Credit?

When you need to restore your credit, look to the leading credit restoration organization firm. We have the knowledge and technology to help you get the job done. We work with you to help you understand your credit score and leverage your rights to help ensure that you have a fair, accurate and substantiated credit report. Call 1.800.442.1591 - Gaining Financial Stability with Intelligence and Integrity!

Credit Restoration Just after Individual bankruptcy Solutions

Impaired 'tokens'? Cannot bring further bank loan? Are the 'tokens' disturbed because of your personal bankruptcy processing ?Fixing Credit after Personal bankruptcy methods is here to assist you.

If you are seeking to fix a bad credit score,you happen to be either seeking to fix your 'tokens' you or use credit fix guidance or solutions. Want to fix up your questioned credit history so you do not get thrown to the wolves for lending options when you wish them?Touch base for aid from a stable and good repairing credit after personal bankruptcy alternative company.

What may get one particular into destroyed credit rating snare?

When you have utilized multiple unsecured finance to order a motor vehicle, youngster's training,health expenditures with assorted lenders and are also now not able to pay back your creditor your financial obligations on time. A great number of obligations to generally be reimbursed and substantial rate has become messing up your intellectual contentment in conjunction with an disturbed financial reputation.

Don't shed your slumber over your bad credit score ratings.Credit improvement after personal bankruptcy methods assists you out.Combat and fix your 'tokens' with the aid of online with free streaming repairing credit guidance. First of all, very clear any drastically wrong blog posts in your credit track record by requiring for your credit agency containing provided you the credit survey ,and dispute the damaging facts with him or her. This may affect the loan prices into a large degree.

What makes fixing Credit Right after Personal Bankruptcy Remedies aid?

Fixing credit score aids deal with you 'tokens' by offering you repairing credit help inside subsequent means!

to Help maintain a favorable credit survey.Get tips on how to keep your sturdy credit rating which means you tend not to face any financial Fax less Payday Loan in the future.

to Helps your 'tokens' helping won by you a ideal bank loan take care of them.

to You default on loan payment and produce a low credit score we allow you to fix them

to An internet based repairing credit counselor aids rebuild the loan repayment schedule and give you credit debt- cost-free lifetime.

to Offers you an introduction to your credit rating and how it truly is packaged.Examine various types of credit rating and take steps to regulate your credit rating

to Assists you in establishing your credit rating the first time, restoring your disturbed credit rating and gaining better scores so that you have a suffered good credit rating through your daily life.

Restoration your 'tokens' if you take a different bank loan and repay returning on time.Your standing will gradually return to becoming good. Fix up your destroyed 'tokens' nevertheless had comments personal bankruptcy with a bad credit score guaranteed bank loan.

Whether you realize it or not, your credit report and credit score can have a big impact in your life.

Most consumers are fully aware that their credit score and credit report have a lot to do with whether or not they can get a mortgage loan, a new line of credit, and an attractive interest rate. However, there are other influences your credit score or credit report have that go beyond just your ability to get a loan.

For example, if you're looking to rent a home, condo, or apartment, your landlord will likely request access to your credit report. Since your credit report is a road map of your financial trustworthiness, a collection, repossession, eviction, or a history of late payments could cause your rental application to be denied.

Surprise! Your Credit Score Isn't Affected by These 5 Factors

Prospective employers may also request access to your credit report before hiring you. Your ability to responsibly manage your credit and pay your bills on time can sometimes speak volumes to prospective employers.

Even insurance companies and utilities may take your credit report into consideration. It's been statistically shown that people with higher credit scores cost insurers less, while the opposite is also true (low credit score customers cost insurers the most). Thus, it's not somewhat common for insurers to charge consumers more if their credit report is littered with bad news. As for utilities, your credit report, no matter how bad, isn't enough to get your service denied. But, the utility or utilities in question can request a sizable deposit to offset what could be a poor credit history.1. Checking your credit report

Perhaps the greatest misconception of them all is that checking your credit report will negatively impact your credit score. There are actually two types of credit checks: soft inquiries and hard inquiries. Soft inquiries are surface-scratching reviews that don't impact your credit score. Examples may include a getting a pre-approved credit card offer, a background check from an employer, and yes, you checking your credit report for free once annually. Hard inquiries, such as when you apply for a loan or credit card, do negatively impact your credit score over the short term.

I believe it's worth mentioning as well here that far too few Americans are taking advantage of the fact that they can check their credit reports from all three reporting credit bureaus (Experian, TransUnion, Equifax) for free once annually. It's not uncommon to find errors on your credit report from time to time, and clearing up errors can lead to an instant boost in your credit score. To check your credit report for free, go to AnnualCreditReport.com.

2. Credit counseling

People make mistakes and sometimes need guidance to get out of debt. However, that doesn't mean that meeting with a credit counselor is necessarily going to impact your credit score. That's according to Fair Isaac, the company responsible for the FICO score that most lenders use when deciding whether to give you a loan:

Using a credit counseling service and having this situation reported in your credit report should not have any negative impact to your FICO score. However, the actions you take based on the recommendations of a credit counselor may sometimes affect your score. For example, choosing to make partial payments or agreeing to settle for less than the full amount on accounts may be regarded negatively by the FICO scoring model. Additionally, any late payments occurring either before or after you began the plan may also be regarded negatively. 

In other words, if your credit counselor works out a debt management program that has you paying back far less than you owed, it's possible your score could be negatively impacted based on FICO's model. Generally, though, working out a multiyear repayment plan with a debt counselor that has you repaying every cent of what you owe won't impact your credit score, though it'll probably show up on your credit report.

3. Your age

Credit agencies could really care less about your age, although there can certainly be some semblance of correlation between average credit scores and age.

Fair Isaac takes five factors into account when devising your credit score. The number in parentheses represents its relative importance in determining your score.

• Payment history (35%)
• Credit utilization (30%)
• Length of credit history (15%)
• New credit accounts (10%)
• Credit mix (10%) 

If you're younger, you'll naturally have a shorter length of credit history, perhaps a less desirable credit mix, and of course a shorter payment history than someone who's in their 50s or 60s. However, that doesn't mean you can't have a good or excellent credit score in your 20s or 30s. If you're making your payments on time, using less than 30% of your available credit, keeping good-standing accounts open, only opening new accounts when it makes sense to do so, and you have a nice mix of installment and revolving loans, you'll probably have a good or excellent credit score regardless of your age.

4. Your income

Your income has no effect on your score, either. Your credit score is a personal representation of your ability to repay your debts on time, and it assesses the use of the aggregate credit available to you. Having a high income doesn't mean you'll necessarily use your available credit or make your payments on time.

5. Insurance Payments

Finally, as was noted above, insurance companies will often check your credit report and decide whether to insure you, and what to charge you, based on your credit history. What they usually won't do is send an uncollected bill to a collection agency, which would hurt your credit score.

If you fail to make a timely payment to an insurance company, and your grace period has passed, it's just easier for the insurance company to drop your coverage than it is to send you bill to a collection agency. Since insurers don't report timely payments to the three credit bureaus, they have no impact on your credit score.

The single biggest expense of buying a residence can be summed up in two words: down payment.

It's the part of the home purchase price that you don't finance, but pay out-of-pocket. And these days, very few mortgages – whether conventional or government-backed – are available without one: even federally-insured FHA loans require a down payment of 3.5%. That may not sound like a lot, but on a $200,000 home, you would need to put up $7,000. And for the more standard 20% down payment, it would be $40,000. Not to mention, home prices on the move again around the U.S., as the real estate market finally seems to be recovering from the subprime mortgage meltdown of 2008, which ushered in the Great Recession.

Before the aforementioned crisis, when home values were rapidly rising and credit guidelines were looser, no down payment (aka zero-down or no-money-down) mortgages were a popular option for just about everyone. No more. However, some homebuyers may be able to qualify for a no down payment home loan through one of several programs. The caveat is that they must be able to provide documentation of adequate income to repay the loan and must have good credit – at the very least a score of 620. Private lenders might require even higher scores.

VA Loans

Military families and veterans may qualify for a VA (Veterans Affairs) loan, which offers 100% financing. The VA loan program has been in place since World War II and is an insurance program that guarantees loans up to a certain limit. In most areas that limit is $424,100, but the limit is higher in counties with expensive housing.

In order to apply for a VA loan, borrowers must obtain a Certificate of Eligibility (COE) from a VA eligibility center by proving their military service. After obtaining a COE, borrowers can work with any lender that offers VA loans.

VA loans not only do not require a down payment, but the mortgage insurance of 2.15 points (a point is equal to 1% of the loan amount) can be wrapped into the loan. Loan qualifications vary from lender to lender, but in general, VA loans require a debt-to-income ratio of about 41%. (To learn more about VA loans, check outThe Unique Advantages Of VA Mortgages.)

USDA Rural Development Housing Loans

Some potential buyers who live in specifically designated regions of the country may qualify for a U.S. Department of Agriculture (USDA) Rural Development Housing loan. Although the loans are for "rural" areas, some eligible locations are actually near towns. Check the USDA eligibility page to find out if the area where you want to buy is a designated area.

Qualifying for a USDA home loan requires not only location eligibility but also conforming to income limitations. Borrowers can enter their zip code, income and number of household members on the USDA website to find out if they meet the guidelines.

USDA loans are geared to low- and moderate-income households that have the income to afford the home payments but may be unable to save enough for a down payment. The minimum credit scores vary from lender to lender but can be anywhere from 600 to 640 or above.

An upfront loan guarantee fee of 3.5% of the loan amount is required, but borrowers can wrap that fee into the loan balance to avoid the need for any cash at closing.

Navy Federal Loans

Navy Federal Credit Union, the nation's largest in assets and membership, offers 100% financing to qualified members who buy primary homes. Navy Federal eligibility is restricted to members of the military, some civilian employees of the military and U.S. Department of Defense, and family members.

The credit union's zero-down program is similar to the VA's. One difference is cost: Navy Federal's funding fee of 1.75% is less than the VA's funding fees.

When Are No Down Payment Mortgages a Good Idea?

Well, if you need to buy a house now, and don't have any prospects for coming up with cash for a down payment – then anytime is a good time for a no down payment loan. Or, of course, if an irresistible buying opportunity comes your way. Mortgage interest rates have been at historic lows for some time, and some financial experts feel that now is the time to lock them in before they inevitably start to climb again.

When Are No Down Payment Mortgages a Bad Idea?

Putting no money down has its drawbacks. If you finance 100% of a home purchase, you have no equity in the property – that is, you don't own any of it outright, as you would if you'd made a down payment. And you won't accrue any substantial equity for years, until you've paid back a significant amount of the mortgage.

Because you have no skin in the game, so to speak, a lender might consider you a higher-risk borrower, and so will make you secure private mortgage insurance (PMI) prior to signing off on the loan. The purpose of the insurance is to protect the mortgage company if you default. Private mortgage insurance typically costs between 0.5% to 1% of the entire loan amount on an annual basis and, unlike the mortgage payments themselves, may not be tax-deductible, depending on your yearly income (see Private Mortgage Insurance: Avoid It for These 6 Reasons).

Finally, zero down payment mortgages often carry higher interest rates than regular mortgages, since lenders usually reserve the best terms for borrowers who can put up cash. For example, as of this writing, Louisville, Ky.–based Republic Bank is offering a no down payment mortgage with no PMI and no points: a seven-yearadjustable rate mortgage (ARM) with an initial interest rate of 4.729%. This rate is significantly higher than that of marketplace lender SoFi (short for Social Finance). It’s also nearly a full percentage point higher than Wells Fargo’s advertised rate on a 7/1 ARM, which is 3.875% (but requires a 25% down payment). Your monthly payment with this Republic Bank loan would be $533 for every $100,000 borrowed for the first seven years; after that the interest rate adjusts once a year based on the LIBOR rate plus a margin of 2.75% (that's why it's called a 7/1 ARM).

Or you might pay more in fees and points. With San Francisco Federal Credit Union’s PoppyLoan, homebuyers who work in San Francisco or San Mateo counties and who buy a home worth up to $2 million in the Bay Area can put down 0% with 5/5 ARM amortized over 30 years: The initial interest rate is fixed for five years, and after that the rate adjusts once every five years. You’ll pay an origination fee of 1% of the loan amount, or $1,000 for every $100,000 borrowed. If you were borrowing $700,000 (a reasonable sum in a city where the median home price is over $1.1 million), you could get an interest rate of 3.75% if your credit score is 740 or higher. Your closing costs would be close to $19,000, including the $7,000 loan-to-value origination fee. Your initial monthly payment would be $3,241.81. The rate is close to half a point higher than the national average rate for 5/1 ARMs (but that’s not a bad tradeoff to make in exchange for having your rate adjust only once every five years instead of annually).

Read more: No Down Payment Mortgage: How to Get One | Investopedia http://www.investopedia.com/mortgage/no-down-payment-mortgage/#ixzz4WEhU2HKk
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Clock Ticking on Obama's Refi Plan - 
Expires 2017

Take advantage of the greatest mortgage reduction program in US History

HARP Gives Homeowners One Last Chance for A Mortgage Bailout

If you owe less than $300,000 on your home you probably qualify for HARP. This program was passed by Obama to help the middle class by giving them a once in a lifetime mortgage bailout. The program itself is totally free and doesn 't add any cost to homeowner' s refi' s. Like most government benefits though, this program will expire, but there is still time left for hundreds of thousands of qualified homeowners to take advantage before the programs expires in 2017. 

HARP Is Totally Free And Doesn' t Add Any Cost To Your Refi

HARP is a program with no downside. HARP doesn 't add any cost to your refi because it' s a totally free government program, that helps qualified homeowners get better, more affordable mortgages. The problem is many homeowners think it's too good to be true and haven't taken advantage. Homeowners who have used the program though have eliminated up to 15 years of mortgage payments, have cut their interest rates in half, or have simply lowered their monthly payments and saved up to $4,100/year.

How To Get A HARP Loan

To help homeowners find banks that offer HARP refinances, services such as LowerMyBills are available. LowerMyBills is a completely free service that many homeowners love because it helps them compare multiple lenders at once. It only takes about three minutes to use their easy online form, and their network of online lenders can help you calculate your new house payment and see if you qualify for HARP. It can't hurt to look. You' ll probably be shocked when you see how low your mortgage payment could be.

Why isn't everyone using this refi plan? Here' s why... 

Banks don t want homeowners to know about it because they hate what this program could do to them. HARP helps homeowners refinance at today s historically low rates and switch to 15 year fixed rate mortgages. That helps homeowners save up to $190,000, which means homeowners who use HARP could take as much as $190,000 out of banks pockets and put it back into theirs.

What does Banco Financial Services do that makes your process so successful?

Credit Restoration

What does Banco Financial Services do that makes your process so successful?

We have developed a three-pronged approach to help you restore your credit.The first step is working to remove negative and derogatory items on your credit report.This alone doesn't help you increase your scores in most cases.This is where the second step does its work.If you don,t have positive items going on to you credit report, we cannot prove to the credit bureaus that you are managing debt.We have seen client ultimately lose their score all together so it's very important that we reestablish positive lines of credit. At Banco we have taken the time to go to local banks, credit unions and even checking nationally. We are able to refer our clients to agencies where they can open installment loans and revolving lines of credit to start creating positive credit items.

The third step is counseling.We don't want you to find yourself in this situation again;we don't want you as a returning customer.We will teach you the basic fundamentals to know the guide lines and how to make sure you are managing your credit wisely.

Our three-pronged combination of taking off negative and derogatory items, reestablishing positive lines of credit and counseling is why we have such a high satisfaction rate. We offer counseling after our clients have completed the process if they have question or concerns about credit or a situation they want to buy a house or car or are getting married.

How to Build Credit without a Credit Card

1. Pay student loans diligently. If you’ve got a college degree, you probably have at least some student loan debt. Student loans are reported to the credit bureaus, so making your student loan payment on time every month can help build your credit.
2. Take out an auto installment loan. Vehicle loans are among the easiest types of loans to obtain, although the interest rate and terms can vary greatly depending on who underwrites the loan for you. If you are planning to buy a vehicle, shop around for the best possible deal, secure the loan and make the agreed-upon payments on time every month. If you have trouble finding a loan on your own, you may need a co-signer to share responsibility for the payments. Other types of installment loans will also help you with builidng credit history, such as mortgages and personal loans.
3. Obtain a secured loan. Banks and credit unions understand it’s not always easy to build credit when you’re starting out with little credit history or negative marks on your credit report. Some offer credit-builder loans, or passbook/CD loans — low-risk loans designed specifically to help you build credit. They work much the same way a secured credit card works; for a credit-builder loan, you deposit a certain amount into an interest-bearing bank account and then borrow against that amount. The deposit is your collateral, and you’ll pay interest at a higher rate than your deposit earns it.
   For passbook or CD loans, some banks allow you to use an existing bank account or certificate of deposit as collateral for the loan. Before you take the loan, confirm with the lender that your on-time payments will appear on your credit report.
4. Non-profit lending circles. Organizations such as the Mission Asset Fund (MAF) and its non-profit partners have been gaining popularity and have expended across the nation by providing low-income borrowers a way to get financing while building credit. Organizations such as these can provide affordable loans and report positive payment history to the credit bureaus.
5. Ask for credit where credit is due. Just because you’ve never had a loan or credit card doesn’t mean you don’t know about paying bills. If you reliably pay your rent and utilities on time, you’ve demonstrated good money management habits and you can ask for credit for that good track record.
   Rental payments and utility bills don’t typically appear on a credit report — unless you fail to pay and the leasing company or service provider sends the delinquent amount to a collection agency or files suit against you to recover the past due amount. However, recently some companies have been taking steps to change that. Experian was the first to include positive rental payment information on its credit reports, so you can ask your landlord to report your positive payment history to the credit bureaus.
   Experian also offers an Extended View score, which incorporates information from public records and sources beyond credit reports to help give lenders a more complete picture of an individual’s money and credit-management habits. If you’re having trouble getting approved for an auto loan, for example, you can ask the finance company to request an Extended View score from Experian.

Clock Ticking on Obama's Refi Plan - 
Expires 2017

HARP Gives Homeowners One Last Chance for A Mortgage Bailout

If you owe less than $300,000 on your home you probably qualify for HARP. This program was passed by Obama to help the middle class by giving them a once in a lifetime mortgage bailout. The program itself is totally free and doesn 't add any cost to homeowner' s refi' s. Like most government benefits though, this program will expire, but there is still time left for hundreds of thousands of qualified homeowners to take advantage before the programs expires in 2017. 

HARP Is Totally Free And Doesn' t Add Any Cost To Your Refi

HARP is a program with no downside. HARP doesn 't add any cost to your refi because it' s a totally free government program, that helps qualified homeowners get better, more affordable mortgages. The problem is many homeowners think it's too good to be true and haven't taken advantage. Homeowners who have used the program though have eliminated up to 15 years of mortgage payments, have cut their interest rates in half, or have simply lowered their monthly payments and saved up to $4,100/year.

How To Get A HARP Loan

To help homeowners find banks that offer HARP refinances, services such as LowerMyBills are available. LowerMyBills is a completely free service that many homeowners love because it helps them compare multiple lenders at once. It only takes about three minutes to use their easy online form, and their network of online lenders can help you calculate your new house payment and see if you qualify for HARP. It can't hurt to look. You' ll probably be shocked when you see how low your mortgage payment could be.

Why isn't everyone using this refi plan? Here' s why... 

Banks don t want homeowners to know about it because they hate what this program could do to them. HARP helps homeowners refinance at today s historically low rates and switch to 15 year fixed rate mortgages. That helps homeowners save up to $190,000, which means homeowners who use HARP could take as much as $190,000 out of banks pockets and put it back into theirs