Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: Experian Boost review: How 2 bills helped raise my...

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: Experian Boost review: How 2 bills helped raise my...: Experian Boost review: How 2 bills helped raise my credit score 9 points - Clark Howard : o you always pay your cell phone and utility bi...

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Experian Boost review: How 2 bills helped raise my credit score 9 points - Clark Howard

Experian Boost review: How 2 bills helped raise my credit score 9 points - Clark Howard:

o you always pay your cell phone and utility bills on time? If so, you may be able to get a lot more credit for it, thanks to the credit bureau Experian.

With the new Experian Boost program, consumers can have mundane bill payments incorporated into their credit score, potentially instantly raising those scores.

Experian Boost review: How I raised my FICO score in real time

I tried out Experian Boost to see if I could help my credit. Although I was comfortable with my score and didn’t really feel like I was in need of a boost, I can see how this program will be useful for people trying to edge up increase their scores when it comes time to qualify for loans and credit cards.

Here’s how it works:

When I signed up for Experian Boost, it immediately produced a credit report (part of my complimentary Experian membership), an updated FICO score and an overview of my financial profile. Here is what was included there:

• Credit rating
• Credit usage
• Payment history

I thought that my “boost” had started, but not yet. I had to scroll to the bottom of the page and click the Experian Boost button. That took me to a page that showed icons for electric, water and wireless bills.

Once you click the button, a pop-up screen opens that asks permission to link the bank account you pay your bills with to Experian Boost. It will then send a code to your phone for verification.

Once my account was linked, it took me to my FICO score and said “let’s see if we can boost it.”

Next, it scanned my bank account. This took a couple minutes, but soon I was being shown two bills that could be used to raise my score. All I had to do was confirm that I wanted those bills added to my credit file.

Once I hit the blue “Continue” button, the screen loaded for less than a minute before finally saying this:

Experian Boost added nine points to my FICO score. As long as I continue to pay those two linked bills on time (they’re both on autopay) my score could continue to go up.

Final thought

After giving Experian Boost a try, I can say with certainty that if you want to pad your FICO score up to be more attractive to lenders, this is a quick and relatively painless way to do it. The whole process took around 5 minutes.

Like Credit Karma, Experian Boost might show you numerous credit card offers, but it’s not obtrusive.

Although it’s still in beta mode, early results from Experian show that it Boost has raised users’ scores an average of 10 points. If you’ve already got great credit, that may not matter much. If your credit is less than stellar, it could matter a great deal.

Here are some more articles you may like from Clark.com:

• Credit Freeze Guide: How to freeze your credit and protect yourself against identity theft
• Credit Score Guide: Understanding your credit score and what you can do to improve it
• 5 sneaky ways to improve your credit score

 

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Kentucky First Time Home Buyer Programs for 2019

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: Down Payment Assistance Kentucky 2019

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: Down Payment Assistance Kentucky 2019:   $ 10,000 Down Payment Assistance Grant Kentucky  for 2019  ,  100% financing Kentucky Home Loan For Kentucky Home ...

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HUD announces new rules for down payment assistance on FHA mortgages

HUD announces new rules for down payment assistance on FHA mortgages: The Department of Housing and Urban Development announced this week that it is issuing new rules for down payment assistance on mortgages insured by the Federal Housing Administration. Click the headline for a full breakdown of which rules are changing and why.

• Down payment assistance
• down payment grant

Kentucky First Time Home Buyer Programs For Home Mortgage Loans: Income Guidelines for A Kentucky VA and Rural Hous...

Kentucky First Time Home Buyer Programs For Home Mortgage Loans: Income Guidelines for A Kentucky VA and Rural Hous...: Employment Guidelines for Kentucky Rural Housing and Kentucky VA Loans Mortgage Approval ...

Kentucky USDA Rural Housing Loans : Kentucky Counties that are eligible for rural hous...

Kentucky USDA Rural Housing Loans : Kentucky Counties that are eligible for rural hous...: There is a large portion of Kentucky Counties that are eligible for rural housing no money down loans financed by USDA ! Many s...

203k In A Box Presents "Inspecting for FHA Minimum Property Standards"

Below are Kentucky  FHA guidelines for a property that has well water and septic tanks for waste disposal .  The Kentucky FHA appraiser should be able to address the distance between the well and septic for distance requirements, and comment if public sewers are available.

Well water test will be required as a closing condition. FHA mortgages loans in Kentucky  require a septic inspection unless the appraiser mentions it is necessary.

(O) Water Supply Systems in Kentucky 

(1) Public Water Supply System The Mortgagee must confirm that a connection is made to a public or Community Water System whenever feasible and available at a reasonable cost. If connection costs to the public or community system are not reasonable, the existing onsite systems are acceptable, provided they are functioning properly and meet the requirements of the local health department.

(2) Individual Water Supply Systems (Wells) When an Individual Water Supply System is present, the Mortgagee must ensure that the water quality meets the requirements of the health authority with jurisdiction. If there are no local (or state) water quality standards, then water quality must meet the standards set by the EPA, as presented in the National Primary Drinking Water regulations in 40 CFR §§ 141 and 142. Soil poisoning is an unacceptable method for treating termites unless the Mortgagee obtains satisfactory assurance that the treatment will not endanger the quality of the water supply. Requirements for the location of wells for FHA-insured Properties are located in 24 CFR § 200.926d (f) (3). The following tables provide the minimum distance required between wells and sources of pollution for Existing Construction:

Individual Water Supply System for Minimum Property Requirements for Existing Construction*
1	Property line/10 feet
2	Septic tank/50 feet
3	Drain field/100 feet
4	Septic tank drain field reduced to 75 feet if allowed by local authority
5	If the subject Property line is adjacent to residential Property then local well distance requirements prevail. If the subject Property is adjacent to non-residential Property or roadway, there needs to be a separation distance of at least 10 feet from the property line.
* distance requirements of local authority prevail if greater than stated above

The following provides the minimum requirements for water wells:

Water Wells Minimum Property Standards for New Construction 24 CFR § 200.926d(f)(1)
1	Lead-free piping
2	If no local chemical and bacteriological water standards, state standards apply
3	Connection of public water whenever feasible
4	Wells must deliver water flow of five gallons per minute over at least a four-hour period

Water Wells Minimum Property Requirements for Existing Construction
1	Existing wells must deliver water flow of three to five gallons per minute
2	No exposure to environmental contamination
3	Continuing supply of safe and potable water
4	Domestic hot water
5	Water quality must meet requirements of local jurisdiction or the EPA if no local standard

 

Joel Lobb (NMLS#57916)
Senior  Loan Officer

 

American Mortgage Solutions, Inc.

10602 Timberwood Circle Suite 3

Louisville, KY 40223

Company ID #1364 | MB73346

 

Text/call 502-905-3708
kentuckyloan@gmail.com

 

 

If you are an individual with disabilities who needs accommodation, or you are having difficulty using our website to apply for a loan, please contact us at 502-905-3708.

Disclaimer: No statement on this site is a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet Loan-to-Value requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines and are subject to change without notice based on applicant's eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over the life of a loan. Reduction in payments may reflect a longer loan term. Terms of any loan may be subject to payment of points and fees by the applicant  Equal Opportunity Lender. NMLS#57916http://www.nmlsconsumeraccess.org/

-- Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. The content in this marketing advertisement has not been approved, reviewed, sponsored or endorsed by any department or government agency. Rates are subject to change and are subject to borrower(s) qualification.

Kentucky Home Buying Programs for FHA, VA, USDA, Rural Housing and Kentu...

Kentucky Home Buying Programs for FHA, VA, USDA, Rural Housing and Kentu...