credit report - Mortgage Refinance SOS - The Most Heinous Mortgage Mistakes

If you are shopping for a mortgage loan there are a number of mistakes that can cost you thousands of dollars. Here is all you need to know to avoid making common mortgage mistakes. Shopping for a new mortgage can be an intimidating task. If you don't research mortgage lenders and their loan offerings properly, you could overpay thousands of dollars. Here is a common mortgage mistake you need to avoid. Not Protecting Your Credit If you are in the market for a mortgage and haven't seen your credit reports during the last six months you are making a big mistake. There are three credit reporting agencies that maintain credit reports for you; these credit agencies are prone to errors. At least six months before you start shopping for a mortgage you need to request credit reports form each of these credit agencies and check for errors. If you find errors you need to dispute these errors with the individual credit agencies. You can receive a free copy of each of your credit reports by visiting AnnualCreidtReport.com; recent legislation in the United States requires the credit reporting agencies to provide you one free copy of their records every year upon your request. After you have verified the contents of your credit report you are ready to begin shopping for a mortgage loan. Make sure you request "no obligation" quotes from the lenders you contact. This will allow the lenders to quote you a mortgage without accessing your credit reports. The problem with lenders accessing your credit report is that anytime this happens an inquiry is logged on your credit report. If you have too many credit inquires on your records during a short period of time this can damage your credit score. Do not allow mortgage lenders to access your credit reports until you have chosen a mortgage. This is an example of one common mortgage mistake people make when shopping for a mortgage. To learn more about avoiding these common mistakes sign up for a free mortgage guidebook. To get your free mortgage guidebook visit RefiAdvisor.com using the link below. Tucson Mortgage Refinance Louie Latour has twenty years of experience in the mortgage industry as a mortgage broker. He is the owner of Mortgages Refinance Advisor, a mortgage help site devoted to saving homeowners money with a free guidebook "Mortgage Refinance: What You Need to Know." Sign up for your free guide today at: http://www.refiadvisor.com Article Source:http://EzineArticles.com/?expert=Louie_Latour credit report - Recovering From Bad Credit Scores Have you experienced a bankruptcy? Maybe you have just had trouble paying certain bills on time for the last few months because you lost your job? There are many reasons you may have bad credit scores. The thing to remember is that these are not permanent credit scores. You can recover from having bad credit scores even if you have had a bankruptcy. It can take a little longer to recover from a bankruptcy bringing down your credit scores, but the fact that you can recover is very important. First if you are looking to recover from bad credit scores you need to hire a company. There are many companies out there from Veracity to Lexington Law. Each company will be different so you need to make sure of a few things. A company that promises to fix your credit report in six months is not the type of company you should stay with. Yes, they will improve your credit scores as promised, but what they usually forget to tell you is that they are only providing a quick fix that will not remain. Companies like Veracity offer a quick fix to get you into a loan, but they do not get everything removed permanently. After six months the company providing the information that lowers your credit score can place that information back on the credit report. Lexington Law on the other hand takes their time, writes the accepted letters to the companies, and makes sure the information is removed permanently. So make sure that you are with a company that will help you remove the bad items from your credit report permanently and not just for a quick fix. It just takes asking a few questions. You can sometimes get things accomplished by doing this yourself, but most often you need a specialized company.