Monthly Archives: September 2007

Lender: “Buyers Have Negotiating Power”

Ask KC Haririan about the current lending climate in KC Haririanthe Shelby County area, and you’ll get an enthusiastic response. “Now is an excellent time to buy,” KC will tell you. And he should know. As a Certified Loan Officer for First Federal Mortgage, KC stays on top of the Birmingham and Shelby county area lending market.

We caught up with KC to find out about opportunities available for first time as well as repeat buyers, and to give us an overview of how rates currently look for anyone interested in financing a home in the area (and at less than six percent for a 30-year loan, the news is very good!).

You can listen to our latest netcast featuring KC’s comments by clicking the player just below…

or … click this link to download.

Buying a home–especially if it’s your first one–can be downright intimidating and confusing. KC works with a lot of first time buyers and says he enjoys helping them tremendously. Whether you’re a veteran buyer or a rookie, KC’s goal is to make your lending experience a positive one. We hope you enjoy the netcast!


Good Credit: About More Than Just Home Loans

If you’ve ever bought a home, you are already familiar with the importance of having a good credit score, since lenders scrutinize credit history in determining loan eligibility. But buying a home is only one reason for building and maintaining a good credit score.

If the results of a recent survey by Visa USA are any indication, a lot of folks don’t realize that a poor credit rating could keep you from getting something else very important: The job you want … and it’s perfectly legal.

Visa USA’s survey shows that only 20 percent of Americans are aware that employers may legally refuse to hire an applicant with a low credit score. Over half of those surveyed (52%) mistakenly thought that an employer’s use of low credit scores as a criterion for hiring is illegal.Money

So, do most folks keep track of what their credit scores show? Apparently not. The survey found that 42 percent of people 18 and older have never checked their own scores. That means they have no way of knowing if their rating is good or bad.

By not staying current on their scores, people in their late teens and early 20’s in particular put themselves at risk for a variety of difficult financial challenges, including when trying to buy a home or car.

In an effort to help young consumers become more knowledgeable about credit scores and financial management, Visa USA has created ‘What’s My Score,’ a website full of information and resources. Among the suggestions the site offers is keeping your credit card balance low in relation to your available credit, sticking to your budget, and always paying your bills on time. Whether you’re a first time or repeat home buyer, those are good recommendations for everyone to follow!