Color Seal 

 

 cabheader

Volume 3 Issue 8August 2012

A Borrower's GuideTo The Mortgage Application

 

A mortgage application's purpose is to help the lender decide whether to lend money to the borrower. But the industry-standard Uniform Residential Loan Application, also known as Fannie Mae Form No. 1003, is more complicated than that straightforward intent might suggest. This section-by-section summary can help you figure it out.

READ MORE

 

 

CAB CLIENT SPOTLIGHT

Crystal Bully

 Crystal Bully

Crystal took advantage of the CAB program to help fund her education. "The ladies at CAB have been my support system through school and continue to be now that I have saved and budgeted to build a house," Crystal says.  Crystal learned about money management in the CAB Personal Financial Education class. "I've learned to make a budget, and how to stick to it. I have learned more about my credit score and report and how to understand it," says Crystal.

 

10 HOMES FIRST-TIME BUYERS SHOULD AVOID

             

 

You've scraped together a down payment, with just enough money left over to pay closing costs. What you're unlikely to have, as a first-time homebuyer, is a big pot of cash to pay for repairs -- or a clear understanding of how much certain home flaws can cost you down the road.

With that in mind, I consulted with appraisers and inspectors from across the country to uncover the major home problems first-time homebuyers should watch out for and avoid.

Novices should be particularly cautious about "bargain" homes, according to appraiser Dan Fries, of Daniel Fries & Associates in Cumming, Ga. They may come with problems that are expensive to repair or impossible to fix.

"Avoid the killer deal, as the chances are good there is some issue that made the other owner walk," said Fries. "Buying a dog of a house will always be less desirable than the cream puff with a good location."

READ MORE

 
 
CAB Coach Questions

 

 

CAB Contract Webinars 
Register Online at: 
                               

https://cc.readytalk.com/r/7vs8g16ighym

Government Contracting

                        
and at:
 

 

https://cc.readytalk.com/r/pjswxrlrkqc1

Tribal Government

 

 
CAB Footer
 
In This Issue
A Borrower's Guide to the Mortgage Application
CAB Client Spotlight
10 Homes First-Time Buyers Should Avoid
7 Ways To Beef Up Your Savings Account
Four Medical Bill Myths That Can Cost You Dearly

Quick Links 

 

College Savings Calculator

 

Student Loan Calculator

 

FinAid.org

  

 

 

 

Little Dixie CCA Homebuyers Education Workshop

 

CAB FINANCIAL EDUCATION WORKSHOPS

 

 

7 Ways To Beef Up Your Savings Account
 

Is your savings account perpetually stuck in the single digits? While it might seem inevitable now, there is no reason why your account has to always be on low. Whether you are dreaming of a new car or simply want a healthy emergency fund, here are seven easy ways to build up

your stash of cash.

 

READ MORE 


FOUR MEDICAL BILL MYTHS THAT CAN COST YOU DEARLY

 

 

If you want to keep your credit rating strong, you might want to stay away from a hospital or other medical facility. Even if you have good insurance or can pay for any illnesses or emergencies that arise, you could wind up with a collection account on your
credit reports, and your credit scores could tank as a result.

Think it can't happen to you? Think again. According to research by The Commonwealth Fund, some 30 million Americans were contacted by collection agencies in 2010 over unpaid medical bills. And previous research from the Federal Reserve found that over half of all collection accounts on credit reports are related to medical bills. Here are four common misconceptions about medical bills that can cost you dearly:

READ MORE