ARCHIVED BLOG POSTS
2014
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I received a call this week from a past client who was selling his condo, complaining that the buyer got turned down for a loan with Wells Fargo. The bank told the buyer it was because the condominium community, here in Torrance, had 50% of the units occupied by tenants. I quickly explained t...
07/29/2014
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The SSA recently announced that they will no longer issue printouts confirming your social security number. When we finance an FHA or VA loan, we will now need a copy of your social security card. We used to be able to take a printout stamped and signed by an SSA employee in lieu of the card. T...
07/26/2014
What is a Pull and How Does it Affect You Credit Score? A “pull” is when a potential creditor pulls your credit report, also called an inquiry. People are told that inquiries can bring down your credit. This is true, but only by a few points. Other credit profile items, such as a new account or a...
07/21/2014