With home prices and interest rates at historic lows, many people
are looking to take their first step into homeownership. In today’s challenging
economy, many first-time homebuyers struggle with credit challenges. One
often-seen challenge is accounts on credit reports that have already been
rectified. These are accounts that have been settled by the homebuyer, but have
not been removed from their credit report by the creditor.
These
outstanding accounts on your credit report can cause roadblocks in purchasing
your dream home. If you have any questions on home financing, and how Sierra Pacific Mortgage can
help you purchase your dream home, contact one of our mortgage
loan originators today.
Get on the phone with the creditors. Demand a letter stating that the accounts are no longer in dispute. Its not easy. Insist on talking with a manager if they won’t do it for you. One other thing, you must have the borrower on the phone with you initially. They can usually authorize you for 24 hours.
John Easterbrook
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(916) 224-7653
john.easterbrook@spmc.com
Licensed – NMLS # 226555
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