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FREE credit report!


Remember, the law states you can get a FREE copy of your credit report annually!

Through the Fair and Accurate Credit Transactions Act (FACT Act) consumers are entitled to receive a copy of all three credit reports, annually, for free.

You need only go online to:

www.annualcreditreport.com

Enter your state of residence and follow the instructions to request a copy. IF the copy is requested online, you will have access to print it immediately from the site.

You can request a copy by phone at 1-877-322-8228 or in writing. If you request a credit report by mail, download the “request form” by going to www.annualcreditreport.com, print and complete the form and mail to:

Annual Credit Report Request Services

P O BOX 105281
Atlanta, GA 30348-5281

If you order by phone or mail it will take up to 15 days to process.

IF you find any errors or corrections, you can dispute any item found on your report by going to:
Equifax – www.investigate.equifax.com
Experian – www.experian.com
TransUnion – www.transunion.com

It is important to monitor your credit report annually and this is an easy way to do it for FREE! (as always, if it’s FREE, it’s for me!)

Having a dream is good, owning one is better!

 

 

Leslie Pelletiere, Owner

First Class Financial Services, proudly mortgage lending since 1999!

602.294.9288(O)

602.294.9830(F)

http://www.fcfs.net

MB#0902810

NMLS #162494

AZDFI Loan Officer # LO-0911453

Mortgage Mistakes to Avoid! The inside scoop … P.I. + +


One mistake many house hunters make is not taking into consideration P.I. + +. Huh?

Typically payments are NOT quoted as P.I. they are P.I. + T.I. and then +, again ! Huh again?

Let me explain:

P. is the Principal portion of your payment.

I. is the Interest portion of your payment.

That is not all! You have monthly taxes, insurance AND potentially HOA payments too!

T. is the Property Taxes portion of your payment.

I. is the Home Owners Insurance portion of your payment.

another Plus? Yep. Potential Home Owners Association Dues.

When using a mortgage calculator, shameless plug—> http://fcfs.net/loancenter-calculators-default.aspx

the calculator will ONLY calculate the principal and interest portion of your payment.  Don’t forget to add your taxes,insurance and HOA payments to this number. 

A good rule of thumb is .78% of your VALUE for your ANNUAL property taxes. Divide that by 12 and you will have your estimate for monthly.

A good rule of thumb is .35% of your VALUE for your ANNUAL home owners insurance.  Divde that by 12 and you will have your estimate for monthly premium.

HOA fees can vary from $15 a month to $300 a month so it is important you keep that on your radar when you are house hunting as it may either exceed your personal budget or affect your ability to qualify.

A good loan officer will help guide you through the PITI process to ensure you have accounted for everything in the qualifying process.

Having a dream is good, Owning one is better!

Leslie Pelletiere, Owner

First Class Financial Services, proudly mortgage lending since 1999!

602.294.9288(O)

602.294.9830(F)

http://www.fcfs.net

MB#0902810

NMLS #162494

AZDFI Loan Officer # LO-0911453