Hello all my Vox people!!!!
Just wanted to check in, let you all know that I'm alive & kicking.
- thehaitianqueen has become a tumblr blog, & I love it!
- I talk about all my carnival exploits at live from brooklyn.
- Last but not least, you can find me talking my behind off at twitter.
Hope all is well, & happy holidays!
I have a lot of catching up to do on here friends...my apologies!
New blog: The Haitian Queen - Let's see how long I can sustain blogging Mon through Friday!
My little Aiya CRAWLED for the first time today! Like, a real crawl! So proud of her! She is getting so big!
it still works
my name is monique
movable type is my crack
i am addicted
i should be in bed
i feel sleep summoning me
i evade its grasp
As you have heard by now that FEDS have cut the rate down to 3%. BIG NEWS? Sure it is, but you still have to qualify for the loan. After all, what good is a rate cut if you can?t even qualify for the loan in the first place. DON?T BE FOOLED by rhetoric. I was speaking with an old friend of mine the other day. He found me via MYSPACE. (All of my old friends seem to catch up to me through there). In one of his e-mails to me he said, ?don?t count out the Mortgage/Real Estate market yet. Now that the FEDS have cut the rate it will pick up again?. Seeing as though this is my life?s work, I quickly assured him, I was not going anywhere. Nevertheless, his comment made me think. Most people seem to think that the fed rate will fix the current problem. That isn?t necessarily the case. The fact that lenders have tightened up the credit guidelines is what makes the current fiscal situation so difficult. And now that it has been reported that unemployment is up nationwide, it will become even tougher to qualify for a loan. Now we are talking about loans for regular people. As I have written in the other blog entries. Those who have excellent credit will always qualify. I mean if your credit score is 680 or better you have nothing to fear. The rate cut totally benefits you. On more of the consumer side, if you are applying for new credit cards the rate will affect you. If you have any personal bank loans, the rate cut effects you. However, if you can?t qualify, then once again, what does it matter? The difference in being able to qualify and not qualify might be a matter of a few points on your credit report. When is the last time that you checked your credit? This is important especially if you plan to buy a home. Someone asked me what the lowest credit score I could accept was. My response was 530. That score is acceptable to do a loan, but it is only at a 70% LTV (loan to value). That means that if you want to buy a home, you will need to put 30% down. So, if you want to buy a home that costs $200,000, you will need to have $60,000 for a down payment. If you want to refinance and the value is $200,000 but you owe more than $140,000 then you wouldn?t qualify. As I said earlier, sometimes it is the difference of a few points on your credit report. If you are aware of what is on your credit report, you are in a great position. You can either choose a credit repair program, or simply figure out how to pay off, or catch up some the negative data in your report. Sometimes it is as simple as an old bill that you had paid late. The first thing to go is to get a copy of your credit report, then speak to a credit professional. It is very likely that you can raise your score 10 ? 20 points within a few weeks. Then you are able to take advantage of the rate cuts. Good luck, and call us soon.
