wellesley clayton - Articles

Prioritized Budgets Increase Loan Modification Approvals

One of the major keys to a loan modification approval is the household budget. For many homeowners This can be a challenging and painful process. However, the process of going through a foreclosure can be a more painful process. The process of prioritizing a household budget has many benefits. First, the homeowners gain a clear picture of their current financial situation which in turn leads to better financial decisions. Read

By: wellesley clayton | 11/03/2009 | Mortgage

Demystifying The Fico Score Breakdown Ant Its Relationship With Your Credit Report-Part 1

This is the first article in a series created to provide a bird’s eye view of how the lender determines whether or not to give the consumer access to credit. How the lenders decide who to lend money depends mainly on your FICO score. The FICO score is the measurement of how the lender decides the risk level of the consumer. If the consumer has a FICO score of 700 or higher the lender views the risk minimal and provides low interest rates and easy access to credit. Read

By: wellesley clayton | 11/03/2009 | Credit