Randal Newhouse

FREE DIY CREDIT REPAIR

Why spend money on credit repair when you can do it yourself?

Watch a 30 minute video

Learn how to repair your credit

All needed forms included

Stop living with bad credit

Fix it yourself today

Step-by-Step Instruction

www.DallasForeclosureDeals.com

Course provided by Henley & Henley Law Firm.

It pays to pay on time.

The No. 1 way to raise your credit score? Pay all of your obligations on time. Your payment history constitutes 35% of your credit score.

That includes library fines and parking tickets. Municipalities have become increasingly aggressive about turning over delinquent accounts to collection agencies, which will drag down your score. One late payment reported to a credit bureau can drop your score by 100 points, particularly if you had a high score.

Late payments can remain on your credit report for seven years. Bankruptcies appear for 10 years.

If you find an error in your credit report, ask the creditor to correct it, then notify the credit bureau by sending a certified letter and copies of documents that support your claim. If the error isn't fixed, the bureau must identify the person who investigated your claim, and you can request a second report.

If the error is corrected, the bureau must send you a copy of your new report and, at your request, a copy to everyone who obtained your credit report within the previous six months. If it's not corrected, you can include a statement in your credit report.

Faced with a faulty credit report when you're about to obtain a mortgage? Mortgage companies can engage a rapid re-scoring service to correct errors within days.

Randal Newhouse

RE/MAX HiNet

972-234-2468

DallasForeclosureDeals.com

Reverse Purchase Mortgage

GET THE WORD OUT!!

If you or someone you know is over 62, they can now buy a home and never make a payment for the rest of their lives. This is a new program through FHA and is guaranteed by the U.S. Government.

Imagine how many seniors that are struggling to make ends meet in this economy. Help is finally here.

Example:

Mom had planned on moving in with her son and daughter-in-law. Instead of moving in with her son, she bought a $400,000.00 home, putting $200,000.00 down and is getting a reverse mortgage for $200,000.00. The son and daughter-in-law sold their home and moved into Mom's new house. Now none of them have a mortgage payment. The money that the son was paying on his mortgage is being saved for the grandkid's college fund.

Wow, what a great deal.

SeniorBailOut.Com

Reverse Purchase

ATTENTION ALL READERS OVER 62:

You can now purchase a home and never make a payment for the rest of your life!!

This is a new loan program offered through FHA and guaranteed by the U.S. Government.

Example:

Bob and Margaret are selling their home in East Dallas and moving to Murphy to be close to the kids. Their current home is free and clear and they will net $150,000. They could find a $200,000 home, put $150,000 down and have a $50,000 mortgage but we discussed the pros of a Purchase Reverse. They are now looking at a $225,000 home, putting $90000 down (with the remaining in the bank for reserves) on a Purchase Reverse. This gives them a home with no payment, $60,000 in reserves for emergencies, and they are close to the family.

What a great program.

SeniorBailOut.Com

Reverse Mortgage Purchase

It is about time that the federal government did something good for the seniors in this country. If you are over 62, starting January 20, 2009, you can purchase a home and never make a payment as long as you live.

You read that correctly. Never make a payment as long as you live.

This is a new loan program offered by the FHA and guaranteed by the USA.

Example:

Rosie needs to downsize from her $300,000 home in which she will net $100,000. She does not want a payment as she is now alone and does not want to have that monthly expense. She began to look at $100,000 homes and had almost decided to not purchase as she cannot find anything in that price range that she is comfortable living in. After finding out about the new Purchase Reverse Mortgages, she has decided to purchase a $200,000 home, put $100,000 down and never make a payment as long as she lives in the home.

SeniorBailOut.Com