Jeff Troutman's (jeffclosesloans) Blog

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Mortgage and Lending - Towne Square Real Estate
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Yesterday we went over how payment history affects your credit. Amounts owed also affects your credit score. It makes up 30% of your total credit score. Below is an itemized list.- Amount owing on specific types of accounts- Lack of specific type of balance (trade lines)- Proportion of credit lin...
08/03/2007
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A credit score is a mathematical model that evaluates many types of information on file. Various factors determine your credit score and I will be going over those over the next week or so. Each factor carries a certain percentage that determines a credit score. One factor is your payment history...
08/02/2007
As mentioned in the previous blog post there is a loan that will allow you to state your income. No pay stubs required. However, most investors require a verbal or written verification of employment or a letter from your accountant. There are a few guidelines that you must remember. Investors do ...
05/25/2007
I work with many clients who are either self employed or get paid on commission. Often times when I inquire about my client's income, they state a figure before any deductions and in most cases I am required to use a lower amount for income. I do not believe my clients are lying to me, but they m...
05/24/2007
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Jeff Troutman

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