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Hi Everyone Dave Sullivan here for the credit guy tv that footage was from the New River in West Virginia at the new boy scout
camp out there we were out there with my son and when we were preparing to go on
this whitewater rafting trip two guids that were there and they look like
people you need to pay attention to they is something that's kinda stuck with me
and I think it applies to the mortgage process right now he said that you would
be actively involved in your own rescue if you fall outside the boat so they gave some very specific
instructions on what to do and what not to do if you did fall outside the boat
during the whitewater rafting and I think that really applies to the
mortgage process now you know you have to be actively involved has a borrower in
getting your mortgage because of all the Frank dodd laws and the different things
that are being put in place including TRID which is coming up very shortly
is very difficult to get a mortgage now so you really need to be actively
involved in the mortgage process you can't go into the mortgage process my loan
officer will handle all that for me is like that anymore now you gotta verify
everything everything has to be there if you got bank statement comes in during
the mortgage process you're gonna need to provide that something in your credit
report that we need to verify you're gonna need to be on the phone with us
while we call that creditor with sometimes having the repository on the
line the same time to validate that so you have to be now actively
involved in your own mortgage and I thought it was funny that you know he
said
actively involved in your own rescue and that kind of his been running around in
my head for a while
really does apply to the mortgage industry right now you have to actively
involved in your own more one of the first things you should do before you
talk to mortgage lender is pull your own credit report from
annualcreditreport.com it will not cost you anything and you get a look at your
credit report don't pay off any collections in fact that point followed
by six steps to a good credit score you can see the link grade here but you have
to be actively involved in the process of getting your mortgage is no longer
passive and I hope that helps and you are a mortgage lender to your Facebook or
LinkedIn page that would be great but there are free six steps to a better
credit score you follow those steps if you are thinking about getting a mortgage
banking at some point in the future
a year or two years from now as you think you might want to get a mortgage
follow these free six steps to better credit score doesn't cost anything and
you'll be in position in his you fix your credit is better shape over the
next two years before you get a mortgage that's fine
might actually help you with insurance as well so if you have any questions
leave them down below I'd be happy to answer them so this is Dave Sullivan or
the credit gang te so you a little bit of me we're gonna change the credit
industry thank you