He did EVERYTHING
"Short of moving in and cooking dinner, Jack McSweeney handled our real estate needs like we belonged to him. He knew everything about buying and selling, and has represented us for both transactions. When we relocated out of state, Jack was the only call we made. He worked hard to sell our house during a buyer's market. I can still see him sitting in my rocking chair for 'open house' after 'open house.' When a serious offer came through, he worked tirelessly on our behalf during the entire transaction. If we were lucky enough to move back to the South Bay area, the first phone call we'd make would be to Jack McSweeney. He'd not only find us the right house, he'd work hard to make sure we paid exactly what was fair, and not a penny more."
Elizabeth and Barry Rackover
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Financing Your Home >Credit Card Mania
Most people know that a checkered credit history can disqualify you for a home loan, and maxed-out credit cards can do the same thing. But what most people don't know is that merely having a large number of credit cards, even with low balances and a history of timely payments, can disqualify you for a home mortgage loan just as quickly.
According to credit experts, having a number of credit cards can be just as detrimental to the granting of further credit as a history of late payments. Lenders look at it this way: If you have ten credit cards, each with a limit of $5,000, that means you have the potential to run up $50,000 in debt virtually any time you choose. That mere possibility makes you a greater risk, from their point of view.
The moral of the story? If you are planning to apply for a home loan in the future, keep only those credit cards you actually need to use and cancel the others.
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Who is "Freddie Mac", and why is he a big name in real estate?
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| A |
"Freddie Mac" is the nickname for FHLMC, the Federal Home Loan Mortgage Corporation, which buys mortgages from lending agencies, thus allowing lenders to continually replenish funds for new mortgage loans. |
See More Real Estate Trivia > |
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