NJ First-Time Home Buyers


Why I'm Stressing Over Someone Else's Credit

That's My Credit Score??????Today I am sharing some insight on credit scoring and credit restoration. In case you don't know there is a clear, wrong way to fix ones credit. And there is a right way to do it. I'm not talking legal or illegal, legit or fraud. I'm talking what works and what doesn't.

Today I spoke with a prospect that had talked to another mortgage rep a few weeks before me.  This was a mortgage rep that clearly has no clue. I mean, REALLY no clue. I feel stress and anger due to others in my industry that crush people's hopes of buying a home in the coming months or even years, just because they shoot from the hip, giving seriously poor advice. 

NOTE: Anyone that advises you to pay off collection accounts older than two years old, or to pay off and close credit accounts probably has no clue.  That should be the first warning. I try not to rant but now that I see it directly dropping a potential home buyer's credit score over 100 points from what her score was a few months ago, well I take it personally. This person has been professionally abused. At least that's how I see it. 

Seriously, if you don't know what you are talking about, don't just shoot from the hip.  Forget about it being one less purchase, refinance, or paycheck. You can crush someones credit, job and possibly even their life.


Credit Scoring – What Makes Up My Credit Score? (1 of 6)

Credit Scoring – Payment History (2 of 6)

Credit Scoring – Balances (3 of 6)

Credit Scoring – History (4 of 6)

Credit Scoring – Mix of Accounts (5 of 6)

Credit Scoring - Inquiries (6 of 6)


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Steve Kappre is a Certified Mortgage Planner with Treasury Mortgage, a subsidiary of Aurora Financial Group, serving all 50 states, focusing on Gloucester, Camden, and Salem County, NJ. Steve specializes in;

• All areas concerning First-Time buyers; First-Time Buyer mortgages, grants, down payment assistance, tax credits, police and fire loans, rehab loans for first time buyers, and more.

• Reverse Mortgages for seniors age 62 or older.

• Equity Management strategies for high-end homes and high net worth individuals.

Contact Steve Kappre directly at 856-419-3561 or at www.stevekappre.com

Comment balloon 3 commentsStephen Kappre • January 05 2009 05:30PM


Great advice Steve you now what your talking about? I have few questions to ask you give me call.

Have a great day!!!

Posted by Greg Morris, Build Wealth With Greg (GGM Marketing) over 10 years ago

Steve - great advice.  Personally I would get suggestions from several people before deciding on a course of action.  Of course my credit is actually pretty good and I'm not in the market to buy a home!!!

Posted by League City, TX - Worrell Team, REALTORS, GRI, CNE (RE/MAX 1st Class) over 10 years ago

Brian - usually getting advice from several people is a good idea. Gathering info yourself is also a good idea - at least better than listening to a friend or co-worker that means well but can do much harm.

Posted by Stephen Kappre, Helping You Home (KW Hometown) over 10 years ago

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