Copyright 2006 Paul Jerome
Love the house, but hate the payment. Its a common theme in todays real estate marketplace. To say it in another way you would love to buy your dream house but cant afford such a high payment. And for some, were already in this house and HELP! We cant afford this payment! Many wonder: is it possible for you to have your cake and eat it too? Is it possible to own your dream home and have an affordable mortgage payment? If the stumbling block is a problem with your credit report, then Ill answer for you with an enthusiastic Yes. For those searching for the key that opens the door of equilibrium between house and payment, please allow me to share with you an elixir of sorts. Sadly though, till now its been a lonely bottle that goes unnoticed, gathering dust on the shelf of nearly every mortgage company in the United States - strange because the contents of this proverbial bottle have the power to restore your credit rating in an instant, thereby lowering your interest rate and mortgage payment to a comfortable level. Perhaps this article will change some of that and give credit where credit is due. And now without further ado, may I introduce the Rapid Rescore.
Did I just say may I introduce the rapid rescore? This really isnt the introduction of the rapid rescore. The Rapid Rescore has been in existence and available as a credit repair tool for a number of years. Today, Im going to shine the spotlight on the underutilization of the Rapid Rescore, in the hopes of elevating this unsung hero to an appropriate status in the mortgage industry. Let me begin with the results of todays Google search for the term mortgage, 305,000,000. And my friends, how many results did Google offer for rapid rescore? Not 6,750,000, not 675,000, not 67,500, not 6,750 but a mere 675. Google actually asked me if I was looking for rapid restore instead. Do you see a problem with this? I do. Heres why
Time and time again, credit scores fall just below a mark. For example, a borrower may have a 678 score and the program calls for a 680. As a result, the overwhelming majority of Loan Officers would put that borrower into the wrong loan program that carries an interest rate perhaps a percent or more higher than the 680 program. This results in a higher monthly payment and in many cases, a payment that the borrower cant afford. This should not be. Why? Because the Rapid Rescore can counter this problem and in seventy-two hours increase that credit score by the necessary amount.
The problem is that while many Loan Officers have heard of the Rapid Rescore, few understand the dynamics of how factors impact credit reports and credit scores, and as a result, they are reluctant to suggest a Rapid Rescore to a client. They fear because of their lack of knowledge. In their defense, doing nothing is the right move. After all, would you want a doctor performing surgery without proper training? My contention is that a doctor should first finish medical school. Unfortunately, many Loan Officers are not students of this industry and have relegated their duties to running a credit report to inform you, the borrower, that your score is ### and the rate is ### and have a nice day.
Fear not, my friends, there are truly some in this industry that understand the Rapid Rescore and finding them is like finding fine gold. More importantly, the fact that you're reading this article shows you have a zeal for credit empowerment. Let this zeal be your encouragement in bridging the gap of knowledge with regards to your own credit report and further enable you to heal yourself - rather than having to rely on an unskilled Loan Officer. Given all of this information and the current lack of understanding of the Rapid Rescore among so-called mortgage professionals, I am still able to conclude on a positive note. There were, after all, 675 that eked out of 305M in Googles search for rapid rescore and for now at least, I will see the glass .000002% full instead of 99.999998% empty. |
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