Author Archives: Dr. Sylvia Briscoe

An FHA mortgage loan is issued by an FHA approved lender and insured by the FHA. These loans were designed for low to moderate income borrowers. They enable borrowers to qualify with a lower down payment and lower credit scores than conventional loan QUALIFICATION REQUIREMENTS: FICO scores from 500 TO 579 require a 10% downContinue reading “FHA LOANS 2021”

It’s called the Fulton County Homeownership Program, or HOP! It provides down payment and closing cost assistance for qualified individuals in accordance with the loan applicant’s first mortgage lender requirements. The funding is available for low to moderate income families. Eligible families must reside in Alpharetta, Chattahoochee Hills, College Park, East Point, Fairburn, Hapeville, Milton,Continue reading “HOP – Fulton County’s Homeownership Program!”

FIRST STEP Get copies of your full credit reports from all three credit bureaus: Experian, TransUnion, and Equifax. You can get your credit reports free once a year, at www.annualcreditreport.com or by 1-877-322-8228. SECOND STEP Look for all incorrect information on your credit report and dispute the items because mistakes can happen. If you see any mistakesContinue reading “Three steps to improve your credit scores!”

Your credit utilization rate, sometimes called your credit utilization ratio, is the amount of revolving credit you’re currently using divided by the total amount of revolving credit you have available. In other words, it’s how much you currently owe divided by your credit limit. It is generally expressed as a percent. For example, if youContinue reading “What is Credit Utilization?”