Financial IQ May 28 2018

What is a Credit Specialist?

Between rising education costs, increased cost of living and inflation, it’s no surprise that many Americans are in debt. A high amount of debt is typically accompanied by a low credit score. This means higher loan interest rates and premiums that can rack up a huge bill in the long-term. In addition, bad credit (lower than 601) can even hold you back from major life events like, buying a home or retiring. Fortunately, you aren’t necessarily stuck with bad credit for the rest of your life. Here are a couple of reasons why you should speak with a Credit Specialist to start repairing your credit score.

Set Expectations

Bad credit is closely related to your spending habits, therefore a bad credit record won't disappear overnight. In best case scenarios it will take a few months for your credit score to change, while worst case scenarios could take years! At the beginning of your first consultation, your Credit Specialist will help you set realistic goals and expectations for your personal credit education.

Give Advice

When you reach out for credit education, you are probably in need of financial advice. Your personal Credit Specialist will guide you through a step-by-step process that pairs with your own situation and goals. This credit education course will help your finances get back on track in a respectable amount of time, especially if you are trying to close on a home.

4 credit building habits

Dispute Errors

One of the fastest ways to improve your credit score is by scrubbing it for incorrect information. According to the Federal Trade Commission (FTC) report released in 2012, one in four Americans found at least one significant error on their credit report.  Most credit bureaus are required by law, under the Fair Credit Reporting Act, to resolve credit disputes in a maximum of 30 days. Because of this law, error dispute is the quickest way to build good credit if you don’t have time to wait to close on your dream home.

Practice Accountability

 Repairing your credit is not a walk in the park. The first step is admitting to poor spending habits and following the education plan prepared by your Credit Specialist. Your Credit Specialist will constantly check-in with you to make sure you are participating in your course and taking a proactive approach to repairing your credit score.

how do lenders evaluate credit?

Eagle Home Mortgage is equipped with a team of dedicated, personal Mortgage Credit Specialists that are committed to helping you repair your credit for homeownership. The program is completely free and all you have to do is sign-up to get your first consultation. Eagle’s Homebuyers Solutions Group has helped approximately 2,223 families achieve their goal of homeownership from 2017 until present.  

The first step is credit education. The second step is unlocking the door to your dream home.

let's get started

Search Results for query

September 05 2019

What to Expect If Your Mortgage is Sold

Closing on a home only to find out your mortgage has been sold to another lender can be alarming yet is very routine in the mortgage industry. While it does not affect the terms of the loan, it is still best to prepare yourself for this common practice.

Read More

August 22 2019

5 Ways to Protect your Home from Invasion

In the US, according to the Department of Justice, almost 4 million household burglaries occur each year. While these are frightening statistics to any homeowner, there are steps you can take to deter burglars from targeting your home.

Read More

August 19 2019

Don’t Let Credit Bumps Hold You Back

While your credit is an important factor when considering homeownership, a common misconception is that you need perfect credit to buy a home.

Read More

August 09 2019

How Credit Impacts Home Pricing

Your credit will influence your homebuying experience, from setting your sights on a home to securing a loan and everything in between. But how exactly does credit affect home pricing?

 

Read More

July 31 2019

Your Reverse Mortgage Questions, Answered

If you are 62 years of age or older, could use a cash infusion and have a large amount of equity in your home, a Reverse Mortgage may be just the financial tool you have been looking for. Essentially, your mortgage now pays you (instead of vice versa) and you...

Read More

July 24 2019

Benefits of Downsizing: Money

The average size of homes is decreasing as the number of homeowners deciding to downsize increases. A smaller home could mean big financial benefits.

Read More

July 19 2019

Benefit of Downsizing: Less Maintenance

If you're thinking of downsizing your home, less maintenance could bring you big benefits.

Read More

July 11 2019

Family, Friends, & Fulfilling the Dream of Homeownership

The prospect of coming up with a down payment for a home can feel downright scary, but luckily there are plenty of options out there! 

Read More

June 25 2019

The Modern Digital Mortgage Application

Technology has changed the way we live our lives. The way we connect, stay in touch, travel, and shop. And now it’s changing the home financing, too! Get pre-qualified for a home loan faster and easier than ever before – from any device, anywhere...

Read More

12345Last

Mortgage Calculators

Crunch the Numbers With Our Helpful Mortgage Calculators

Payment Calculator

payment calculator

Payment
Calculator

Affordability Calculator

affordability calculator

Affordability
Calculator

Refinance Calculator

refinance calculator

Refinance
Calculator

The Modern Digital Mortgage with a Personal Touch

Paperless. Effortless. Awesomeness TM

Simplify the home financing process with our Digital Mortgage. We'll be here to help navigate you through the entire process.

Get Pre-qualifiedWhat is a Digital Mortgage?