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

January 16 2020

Is a Mortgage Refinance Right For You?

You’ve probably heard by now that refinancing your home loan may result in benefits like lowering your monthly mortgage payments. But how does that work, exactly?

Read More

January 10 2020

How do Interest Rates Affect Purchasing Power?

Purchasing power refers to the price of the home you can afford based on the budget you have available. Naturally, if interest rates start to increase, you will not be able to afford the same home on the same budget. In a nutshell, you will be paying more for...

Read More

December 27 2019

4 Refinancing Myths BUSTED

Don't let common misconceptions keep you away from refinancing your mortgage. Consider the 4 most common myths and why they should be kicked to the curb.

Read More

December 20 2019

Decorating Your Home for the Holidays on a Budget

You don’t have to skip decking your halls this season just because you’re on a budget! The holidays can already be an expensive time for many, so we like finding stress-free and inexpensive ways to get into the holiday spirit. Here are some tips for...

Read More

December 18 2019

Homebuying Hurdle: Debt

Many believe that their amount of debt will be an instant hurdle when qualifying for a home loan. This is not always true. The amount of your debt will not necessarily be a red flag to lenders, but your debt-to-income (DTI) ratio might be. This number is one way...

Read More

December 02 2019

12 Days of Savings

From family meals, travel, gifts, and social outings, the holidays are one of the most expensive times of the year. We have compiled some tips to help you spend mindfully during this holiday season.

Read More

November 27 2019

Market Update: FHFA Announces Loan Limit Increases

The Federal Housing Finance Agency (FHFA) has announced that the conforming loan limits will be increased to $510,400 in 2020

Read More

November 20 2019

Why Interest Rates Aren’t the Only Thing That Matters

Shopping for the lowest rate when looking for a lender could be a detriment to your homebuying experience. There is much more that goes into a positive homebuying experience than the mortgage price tag. If you place a value on communication, timeliness,...

Read More

November 14 2019

Homebuyer Solutions Group Success Story

Marylynn M. and her husband successfully improved their credit scores while enrolled in Eagle Home Mortgage’s Homebuyer Solutions Group (HBSG) program and were able to purchase their dream Lennar Home after graduation. We spoke to HBSG Credit Specialist,...

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?