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SiteMap UofAHousing.com
This page is a site map intended for easy indexing by the internet, and is not intended for human eyes. However if you've found your way to this page, it's because there's something on it that's of interest to you; make yourself at home, or click on one of the links on the main site to your left.
real estate, property, location, building, house, home, condo, duplex, triplex, apartment, rental, tenant, landlord, deposit, maglione, maglione rentals, tucson,
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| The restrictions governing the use of real estate usually enforced by a homeowners' association and passed on to the new owners of property For example CC&Rs may tell you how big your house can be how you must landscape your yard or whether you can have pets If property is subject to CC&Rs buyers must be notified before the sale takes place. |
| A private profit-making company that collects and sells information about a person's credit history Typical clients include banks mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards There are three major credit bureaus Equifax Experian and Trans Union and they are regulated by the federal Fair Credit Reporting Act. |
| Insurance a lender offers or requires a borrower to purchase to cover the loan If the borrower dies or becomes disabled before paying off the loan the policy will pay off the remaining balance Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan. |
| The maximum amount that you can borrow under a home equity plan. |
| An account of your credit history prepared by a credit bureau A credit report will contain both credit history such as what you owe to whom and whether you make the payments on time as well as personal history such as your former addresses employment record and lawsuits in which you have been involved An estimated 50% of all credit reports contain errors such as accounts that don't belong to you an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy). |
| In the mortgage lending world credit scores either make or break you when it comes to obtaining a home mortgage or getting the best rate you can There are three different scores available to a mortgage lender each being generated by the three different credit agencies The most popular known as a Fico score is from Experian (formally TRW) then there is a Beacon score from Equifax and finally a Emperica score from Trans Union This is the "mortgage scoring" system used to get a conventional mortgage Simply credit scores are numbers calculated based upon your credit history The better your credit the higher your number or score will be - the worse your credit the lower the score The number of inquiries or times your credit has been pulled in the past 90 days will also lower your score In some instances lack of credit results in no score on your report requiring you to provide alternative credit via your rental utility or telephone payment histories There's plenty you can do to improve your score if you know how the system works Just don't expect much help from your lender--most consider the actual formulas a trade secret and don't want people angling for an advantage Congress is currently working on legislation to provide consumers with access to their credit scores and the formulas used to calculate these scores There are some lenders that do not rely on credit scores to the degree that most do Some times credit reports contain inaccuracies that lower your score this is when a lender has to use a common sense approach to approving your loan In some instances you may have to correct your credit report wait for your score to improve then reapply for the loan Talk with your mortgage broker or lender to understand what your options are. |
| A person or entity (such as a bank) to whom a debt is owed. |
| A dead end street which widens sufficiently at the end to permit an automobile to make a "U" turn. |
| Doing Business As Business names or aliases filed with the county. |
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real estate, property, location, building, house, home, condo, duplex, triplex, apartment, rental, tenant, landlord, deposit, maglione, maglione rentals, tucson,
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