Set Up Free Email Alerts

TEXT ME 502-235-5264
EMAIL ME h.yocum@insightbb.com
CALL ME 502-235-5164

Are you a Homeowner currently behind on your mortgage payments ? Do you need help in avoiding foreclosure ? There is hope, commonly known as a Short Sale or Preforeclosure Sale . Give me a call 235-5164 and I will personally walk you through the process.

Email me, h.yocum@insightbb.com or Contact me at 502-235-5164 for a FREE FAQ Sheet, created especially for HOMEOWNERS!

The FAQ Sheet covers the following Questions:

- What is a Short Sale?

- How Do I Qualify?

- Why Would A Lender Want To Perform A Short Sale To Help Me?

And MORE....

**Systems Covered and deductible are subject to change. Please view the First American Home Warranty Contract for more information.
*Additional optional coverage’s available for minimal fee, please ask us for more information on the optional coverage’s.
Home must be listed and sold by Heather Yocum, Nevins Realtors to receive offers as mentioned above.

There are numerous financing options available to help first time home buyers in Kentucky and numerous financing options for individuals with less than perfect credit in Kentucky. Please call me at (502) 235-5164 to learn more.

What you need to know about your credit- Transunion.com:

What are inquiries An inquiry is a record of someone checking your credit information. Inquiries come in two distinct categories: "hard inquiries" that occur when a business views your credit report for the purpose of an application and "soft inquiries" that occur when your credit is checked for other reasons. If you apply for a new credit card, a hard inquiry record will appear on your credit report and may cause a drop in your credit score of about 5 points. When you check your own credit report, or when it is checked for a pre-approved marketing purpose, it is considered a soft inquiry and will not harm your credit score.

Will checking my own credit harm my score? Checking your own credit data online through a service like TrueCredit will not harm your credit score. You can check your credit whenever you want or can sign up for a monitoring program to automatically review your data without worrying about causing any damage to your credit score.

Why are inquiries recorded? Inquiries are recorded so that potential creditors and lenders can view how often you have applied for new credit. Potential creditors may think you are trying to spend beyond your means if there are too many inquiries on your credit report. You can still shop around for a loan; multiple inquiries for the same purpose in a short amount of time are commonly grouped into one less harmful inquiry session. Inquiries are also helpful for consumers because they can notify you of a potential identity thief applying for accounts in your name.

How long do they last? Most hard inquiries remain on your credit report for two years from the original placement. All inquiries must stay on your credit report for at least a year. You are allowed to dispute inquiries on your credit report, but it can be difficult to prove that the inquiry is indeed inaccurate. If you are unsure of where an inquiry came from, try contacting the company listed before sending off a letter of dispute.

Who can place an inquiry? According to the Fair Credit Reporting Act, only people with legitimate business needs can access your credit information. This includes creditors, lenders, insurers and landlords who need to review your credit as a part of an application process. Each inquiry record will only appear on the credit report that was checked for the application. For example, if a lender checks your TransUnion credit history to help determine your rates, this inquiry record will only appear on your TransUnion credit report.

Credit resolutions

Trying to improve your finances? Not sure where to start? Whether your goals involve credit clean-up, refinancing, or saving, you can make this year a personal best for your credit. Read on for TrueCredit's top credit targets:

Set Goals:

1. Check your credit report every three months: The first step to robust credit health is to know which bad financial habits, such as late payments, are present in your credit report. Regular check-ups will also help you guard against identity theft.

2. Improve your credit score 50 points or to above 650: A credit score above 650 will help qualify you for most credit and loan terms. The higher your score, the better the interest rates available to you.

3. Reduce your debt balances to below 35% of the available credit limit: Reducing your balances while maintaining active credit use makes you more appealing to prospective lenders and can help improve your credit score.

4. Create a monthly spending plan and stick to it: Create a monthly spending plan and stick to it: This simple commitment can help you start a savings plan and will keep you from building up unmanageable debt.

Clean Up Your Records:

5. Dispute negative inaccuracies on your credit report: Don't let your credit standing suffer because of inaccurate information.

6. Remove expired debts and collection accounts: Most negative records expire from your credit report after 7-10 years. These accounts have a significant negative effect on your credit rating, so make sure they are removed from your report at the right time.

7. Consider Refinancing: See if refinancing your home or car could save you money. Would it make sense to refinance your mortgage? Investigate your options with a lender.

Plan Ahead:

8. Start putting money into a savings account each month. No matter how much available credit you have, it can't beat cash in the bank. Setting aside a fixed amount each month will guarantee interest-free funds in the case of emergency while helping you develop financial discipline.

9. Contribute to your 401(k): See if your company offers matching funds and try to add the maximum amount allowable for your budget.

10. Guard against identity theft: To guard against this increasingly prevalent crime, sign up for a credit monitoring service that will quickly alert you to any changes in your report.

 Information gathered from http://www.transunion.com/

Contact me