Do you have a list of clients that are Credit Challenged or have Poor Credit Scores?

Do you have new clients that you cannot get them a loan because of their low scores?

Do you have clients that you have to say “sorry we can’t help you”?

NCR Credit Plus will take your potential client’s enroll them into our program. Educated, counsel and get their scores loan worthy for you and your company. Our education information will help your clients get past the fears and doubts he or she has about Credit Restoration.

Every client asks the same kind of questions: “Will this work, how long does it take?”

Credit Restoration is hard work, time consuming, and an ongoing affair. It is against the law to guarantee a time frame it will take to improve or restore anyone’s credit. However, it’s also against the law to not state an “average” time frame that it will take. Our “Average” time frame is 6 months.  We have a number of files each month that are completed within 60-120 days, but those results vary.

How much will my score increase?

Your credit score is compiled directly from both positive and negative entries in your credit report.

* If you have open accounts that you are currently paying on, you should not record a late payment.

* If you do not have accounts you are paying on, then we will help you get some credit established.

* Use of 35% or less of your credit line will boost your score’s

* Avoid a “hard inquiry’s” which can bring about a potential score reduction of five points or more.

* Your credit history accounts for 35% of your score

Here’s what we think you’ll particularly appreciate about our program, and what it offers you:

NCR Credit Plus’s allows you to incorporate our services with your existing and new clients.

If you have a web site (Your Web-Master must add link) you can add a link offering our services.

In-depth updates about all account activity and progress made: We provide specific day/dates.

Identifying all accounts that are being worked on Ex; To Do / In Progress / Deleted / No Change.

Client score’s can be monitor without creating an inquiry.

Our services not only helped your client’s get approved, but also helps them get “lower interest rates.”

NCR Credit Plus success is illustrated by a client retention and track record that speaks for itself.

Please explore our site (www.ncrcreditplus.com), and contact us to receive full details regarding the services offered by NCR Credit Plus, or to answer any questions or concerns you may have.

Question: My wife and I have bought homes and fixed them up for years and would like to start again because we feel the market has hit bottom. We were told that there are no longer financing options for our buyers because these transactions are considered “flips” Are there any loan options out there for this? — Terry

Answer: As of Feb. 1, the Federal Housing Administration has revised its longstanding anti-flipping rule and will once again be providing mortgage insurance to potential buyers of rehabbed or remodeled homes that have been purchased within the past 90 days. Through the past decade, the FHA has banned this practice, but it now has loosened the guidelines in the hopes of stimulating the residential real estate market. In addition, spot portfolio lenders may also consider flipped properties if both the borrower and the equity in the property are strong and represent a low risk.

Question: We are looking at purchasing a new home and have been told that FHA is the only option for people who don’t have a large down payment. But we heard that this soon may be ending. Is that true? — Octavia

Answer: The FHA will continue to offer high loan-to-value financing, but starting April 5, the upfront Mortgage Insurance Premium will increase from 1.75 percent to 2.25 percent. Essentially, this means consumers will have to come up with an additional half percent in closing costs to cover this requirement. I would suggest trying to get an FHA case number prior to this date to avoid paying this increased cost.

Question: We are in the process of purchasing a new home. Our Realtor is telling us that we need to make a decision because the FHA will no longer allow seller concessions. Is this true? — Mary

Answer: That’s not entirely accurate. As I mentioned in my response to the previous question, the FHA is tightening some of its lending standards. The FHA still will allow for seller concessions, but it’s lowering the allowable amount from 6 percent to 3 percent. Many buyers use the 6 percent concession to cover their closings costs, so the reduction will translate into borrowers having to come to the closing with more cash on hand. I suggest you get an FHA case number quickly, before the change takes place.

Question: I completed a short sale for my condo back in June 2009, and I think I was late on two payments by a total of 60 days. I want to purchase another home instead of renting. Will a bank or the FHA lend to me? — Kevin

Answer: The first step you need to take is to pull all three of your credit reports and see how each is reporting the short sale. The FHA has a program that allows for you to short sale your home and then purchase a new home via a new FHA loan if you were current on your mortgage payments for your original home. Typically, most banks shy away from lending to consumers who have had struggles with paying their mortgages in the past, so FHA may be your only option.

Author: Louis Spagnuolo of WCS Lending in Boca Raton  Posted by Paul Owers :http://weblogs.sun-sentinel.com/business/realestate/housekeys/blog/2010/02/ask_a_real_estate_professional_13.html