LEARN HOW TO FIX YOUR CREDIT REPORT AND ATTAIN GOOD CREDIT!

Why it's good to. Attain and Maintain Good Credit, as oppose to having Bad Credit. Why having no credit is almost like having Bad Credit. Individuals that has Good Credit, usually make their payments and make their payments On time. They generally has a decent income and can qualify for a house. Whether it be a rental house or apartment, or a single family home to purchase. These individuals has a good chance of qualifying for new or used cars, boats , credit cards, rental cars, anything That you may purchase on time usually making a monthly payments. Good credit has other benefits such as helping to get gainful employment or getting a job, etc. Those individuals that has Bad Credit would generally be denied all of the above and May even be denied the buying of a laptop computer, almost any thing you may purchase On time. Because of Bad credit. Which usually is the result of not making payments on Your debts. Making payments late, or not paying off debts completely off. Those individuals that has No Credit. It is almost as bad as having Bad Credit . For the simple reason there is no paper trail. With no paper trail the banks , credit unions, Or any lending institution , simply has no way of knowing if and when they may get paid. They have no record or indication of your payment history, or payment habits. They put you in the same category as a high credit risk. Simply because you have no Credit. Individuals with No Credit, or Bad Credit can have an opportunity to establish or Re-establish Good Credit. This is why you need to fix and maintain Good Credit. A little something extra! For those of you who maybe thinking of purchasing a home. Fixed Rate or Adjustable Rate Mortgages. Which is best for you? Fixed Rate Mortgage (FRM). With a fixed rate mortgage your monthly payments will be Steady meaning they will stay the same. The only time adjustments are made is when Your escrow account deduction increases usually because of real estate property, and Home insurance increases. Adjustable Rate Mortgages (ARM). With adjustable rate mortgages your payments will Vary over time, generally upwards in adjustment intervals generally more often than a Fixed rate mortgage resulting in higher monthly payments. Adjustable rate mortgages Typically have an initial fixed rate lower than the rate of a comparable fix rate mortgage. The initial fixed rate period is followed by adjustment intervals. For example, a 3/1 ARM Is fixed at an initial low rate for the first 3 years, and then adjusts every year base on an Index. Common ARM are 1/1, 3/1, 5/1, 7/1, and 10/1. In my opinion. It's a good idea to be on the safe side by choosing a Fixed Rate Mortgage. Because it appears that the Adjustable Rate Mortgage has more payment increases. In addition to escrow account increases due to real estate property tax and homeowner Insurance. With adjustable rate mortgages look for increases base on the index which Usually results in higher monthly mortgage payments, and you know that more increases Will be due when the time come. Now let get down to the real nitty gritty. Also.