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  • What’s the Difference Between Pre-Qualified and Pre-Approved?

    What’s the Difference Between Pre-Qualified and Pre-Approved?

    by David B. Coulter on Oct 20, 2020, 12:00 AM

    If you’ve ever applied for a loan or a credit card, it’s likely you’ve heard these two words at some point during the process: pre-qualified and pre-approved. While the terms sound similar, they are actually quite different, especially when it comes to what is required from the borrower throughout the approval process. While both terms… View Article

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  • What Are the Benefits of a Perfect Credit Score?

    What Are the Benefits of a Perfect Credit Score?

    by David B. Coulter on Oct 15, 2020, 09:03 AM

    The perfect credit score is 850, but how many people actually have that? Is it even achievable, or is it something imaginary that the credit industry holds over consumers’ heads? Let’s take a look at the seemingly elusive 850 credit score and what it can mean for securing the best interest rates on the best… View Article

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  • 6 Ways Lenders Can Generate More Leads

    6 Ways Lenders Can Generate More Leads

    by David B. Coulter on Oct 15, 2020, 12:00 AM

    Being a good lender involves a lot of documentation, but the process goes far beyond pushing paperwork. If you are looking to build better relationships with your clients, increase referrals and in turn close more deals, the key to success is going above and beyond for homebuyers to make sure they are financially prepared to… View Article

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  • When You Should Wait to Refinance

    When You Should Wait to Refinance

    by David B. Coulter on Sep 09, 2020, 12:00 PM

    As mortgage rates hit a low point, many people are choosing to refinance their old loans. In July, the number of Americans choosing to refinance a loan was up 74% over the same period last year. If you want to change your loan term or decrease the interest payments, then refinancing can be a great… View Article

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  • 5 Tips to Manage Your Credit Utilization Ratio

    5 Tips to Manage Your Credit Utilization Ratio

    by David B. Coulter on Sep 02, 2020, 11:42 AM

    Of all the factors determining your credit score, credit utilization management is second only to payment history. It shows you handle credit responsibly. Managing your credit utilization ratio can help you achieve your best possible credit score — but how exactly can you manage your CU ratio? It’s easier than you think. What Is a… View Article

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  • What Credit Score Do You Need for an SBA Loan? 5 Tips for Small Business Owners

    What Credit Score Do You Need for an SBA Loan? 5 Tips for Small Business Owners

    by David B. Coulter on Aug 27, 2020, 12:00 PM

    As of July 2020, there were 30.2 million small businesses in the United States, each with its own origin story. Whether the owners applied for a loan or cashed out their savings accounts, small-business owners have always had to assess their finances before taking a leap into entrepreneurship. If you’ve been asking yourself how you… View Article

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  • 7 Perks Small Business Owners Can Offer Their Employees

    7 Perks Small Business Owners Can Offer Their Employees

    by David B. Coulter on Aug 21, 2020, 10:19 AM

    Most small businesses have smaller budgets than their corporate counterparts. They cannot compete with the perks that bigger companies give their employees. Since small businesses may be unable to award their employees with large salaries, they can use employee perks to boost their morale and improve their retention rates. Keep reading to learn about some… View Article

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  • Can You Get a Home Equity Loan With Bad Credit?

    Can You Get a Home Equity Loan With Bad Credit?

    by David B. Coulter on Aug 10, 2020, 11:04 AM

    Most lenders are willing to offer a home equity loan to someone with bad credit. Learn how you can get a home equity loan even with bad credit.

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  • 7 Facts to Help Loan Officers Understand Millennial Home Buyers

    7 Facts to Help Loan Officers Understand Millennial Home Buyers

    by David B. Coulter on Aug 03, 2020, 11:10 AM

    This year, millennials will buy more houses than any other age group in America. But what are millennials looking for when buying a home? Read on to learn.

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  • How Many Loans Does the Average Loan Officer Close?

    How Many Loans Does the Average Loan Officer Close?

    by David B. Coulter on Jul 27, 2020, 09:15 AM

    Just how are mortgage loan officers compensated? And how many loans do they close? We did some research — read this article to learn more.

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