credit report - GA Mortgage Refinancing - How To Get Approved For Your Mortgage Faster

Here are are six easy ways you can speed up the process of obtaining a mortgage: 1. Check your credit report ahead of time if you can. You will find a link to the federally mandated website the three major credit bureaus are required to maintain to provide you with a free copy of your credit reports. 2. Find out from your lender ahead of time what documents you will need and be sure to have them ready and all together in one place. Keep everything in one folder and you can cut down on time spent searching around for things the lender may need. This will help avoid anxiety and confusion and speed up your application appointment. 3. Be absolutely honest and answer the questions on your mortgage application completely . Failing to be forthright about your employment or residence history, or omitting credit accounts you don't wish to have considered doesn't increase your chances of getting approved for your mortgage. In every case, these things are double checked and it only makes the process harder, and causes processing delays. 4. Respond quickly to any requests for additional information. During processing, the lender considering your loan will often need additional information or clarification. Provide it as soon as you get the request, or return the call as soon as you get the message. 5. Be prepared to explain the derogatory items on your credit report. This is an extension of numbers 1 and 2 above. If you had an illness or a divorce or a death in the family where you missed or made late payments, or you have other instances of late payments or delinquencies on your credit report, have an explanation ready. Be honest, and don't be nervous! The loan processor isn't judging you, they're trying to get as complete a picture as possible to give your loan the best chances for approval. 6. Don't avoid the appraiser's calls. Getting the appraisal completed is usually lengthiest part of the mortgage loan process. Time after time, the single biggest delay is the appraiser's inability to reach the homeowner to set an appointment to get into the home. If you're refinancing and the appraiser calls to make an appointment, arrange the time as soon as it is convenient for both of you. The appraiser doesn't want to buy your house. He or she will appraise the house as if it is clean and tidy and in reasonable repair, even if you have some dirty laundry lying around or dishes in the sink. Cleaning doesn't raise your home's value! Giving the appraiser access as soon as possible will make your loan process move faster, though. You can get a free copy of your credit report at http://www.annualcreditreport.com Carl Pruitt is a 21 year veteran of the mortgage/real estate industries. He helps first time homebuyers with credit problems get into a home with no money down and low rates. Free mortgage reports and advice are available at http://24hourmortgageinfo.com Article Source:http://EzineArticles.com/?expert=Carl_Pruitt credit report - Your Credit History Effects Your Employment Thank to the advance in technology, it becomes very easy for more companies look into your credit history report to make assessment on your job application. It is a way to check to find about your history of habits that may be transferring to your job; especially, when employment involves handling money and important trade secret. Those companies will have greater concern with security and theft. The federal law requires employers to secure job applicants' permission before accessing credit files. It is your decision between getting a good paying job and keep your spending habits secret. When you apply for a promotion in your job, your company will take a look into your credit history report in the assessment for promotion. Your personal information will no long personal in the age of advanced technology. What is on the report? This employment report includes much of the information about your loans and credit cards that is listed in your credit report. To protect your financial security and meet equal employment opportunity laws, all Experian employment reports omit your account numbers, year of birth and spouse references. Traditionally, the biggest users of credit reports for employment purposes are companies in the defense, chemical, pharmaceutical and financial services industries because of the sensitive positions many of their employees hold. Increasingly, other industries use the reports to serve as a general indicator of an applicant's financial honesty and personal integrity. Statistic shows Thirty-five percent of companies use credit checks in pre-employment screenings, up from 19 percent in 1996, according to a survey of 208 companies by the Society for Human Resource Management. About 41 percent of retailers said they used credit checks in pre-employment screening, according to the 2003 National Retail Security Survey, conducted by the University of Florida. About 10 percent of retailers plan to increase their use of credit checks in the coming year, putting it among the top five screening policies that retailers intend to ramp up, according to the study. What happens? You must sign a release, before the prospective employers can pull your credit history. The prospective employer will get a credit history report contained delinquencies, bankruptcies, judgments, liens and credit account such as mortgages, utility, credit card, and loans. It shows how responsible you are in your spending habits. However, the report will not tell about your age or marital status. Don't Trip Up Your credit history contained past job history, so you should make sure that your resume don't omit the jobs listed in credit history report. The credit report can trip you up. When you apply for a new credit card or loan, you always provide information about your current employer. That information is passed along to the credit bureaus. If you leave a job off your resume and it appears on your credit report, someone may notice the discrepancy. It is a good reason to pull your own credit report from all three credit bureaus before you start looking for a job involves handling money. Be Prepared Check your credit reports history first, before you start your job search that is in security and finance. Order your credit report from each of the three credit bureaus, so you are not blindsided by inaccurate information that you are unaware until an interviewer surprises you. If there are errors on your report, contact the creditor bureau that made the errors, dispute with credit bureaus until all the information is accurate. If there is adverse information on loans, credit card bills or bankruptcies on your report, don't your time on credit repair yourself; however, you should try professional help to help you. So be warned: you can't erase the truth from your credit file. Only time will erase the errors; most bad credit incidents will disappear from your record after seven years. If you are turned down for a job because of credit problems, the employer has to give you a copy of the report and explain your rights under the Fair Credit Reporting Act. Is It Fair? What is considered to be fairness? It is something involve with responsibility, if you don't take responsibility for yourself, nobody will. If you have poor credit, you're unlikely to agree with prospective employers who think good credit is important. Also, you are just unable to convince a potential employer that those who have mismanaged their own money should be trusted to manage someone else's money -- and that's exactly what most finance jobs are about. However, it is not the end of the road yet, you can try applying for work with smaller companies where the hiring process is not involve credit check. Take responsible and build new trust with your employer as your new stepping stone to a new job. If all else fails, you may have to work in another field, clean up your act and wait for those ugly history reports to disappear. Check Your Credit History You can order a copy of your credit history report online from Equifax, Experian and TransUnion. Under an amendment to the Fair Credit Reporting Act, you'll be able to access your credit report for free once every 12 months.