Monthly Archives - April 2017

New rules will cause some credit scores to rise

The formula behind how your credit score is calculated is being re-written. The new method will be implemented later this year by VantageScore (a company created by the credit bureaus Experian, TransUnion and Equifax). “Using what’s known as trended data is the biggest change. The phrase means credit scores will take into account the trajectory of a borrower’s debts on a month-to-month basis. So a person who is paying down debt is now likely to be scored better than a person [...]


The 5 Worst Real Estate Investing Mistakes

A helpful article from The Philadelphia Inquirer lists, “Not understanding your creative-finance or adjustable-rate loan,” as one of the worst real estate investing mistakes. They explain, “If a seller offers a “creative-finance” deal or the lender recommends an adjustable-rate mortgage, tread carefully. Depending on the terms of the loan, your payment might increase when interest rates rise, which is expected to happen throughout this year and beyond.” At Direct we offer fixed-rate financing ONLY. Our terms are outlined in [...]