1635976943342574 UA-72458003-1 google-site-verification=bpkXPmzUUBtm0pA_hz68HRCFRNqdIA9eF18eNT7U93w Why Fodor's Travel Says The 'Best Traces of Hip-Hop Culture Are Found Everywhere in Oakland' https://youtu.be/aTsDXAtfXdI

REAL ESTATE ADVISOR: SEPTEMBER 2019 –  Down payment got you down?

Down payment got you down?

Ten things to know before buying a home

• LOOKING TO BUY OR SELL A HOME IN THE EAST BAY? I can help! Visit ===> www.carlosfcamargo.net 

Posted on September 11, 2019 at 5:54 PM
Carlos Camargo | Category: Buying a House, Credit & Home Finance, First-time Buyer, Glossary of Housing & RE Terms, Real Estate Market Update

Know Thyself, or at least your Credit History… before securing a home purchase loan

First-Time Buyer Tip #1 – Get to Know Your Credit and Credit Histories Carlos Camargo, Ph.D.

Carlos Camargo, Ph.D.

It’s no secret. Your credit history is an important factor that affects
your ability to obtain a mortgage for the purchase of your home.


Lenders want to see how you borrowed and repaid money in the past. This is reflected in your FICO score. FICO scores range from 300 to 850, and lenders believe that borrowers with higher scores are more likely to repay their loan.
















Posted on December 30, 2017 at 10:38 PM
Carlos Camargo | Category: Credit & Home Finance, First-time Buyer, Glossary of Housing & RE Terms


CFC’s Home Buying & Selling Glossary

Home Buying & Selling Glossary

Get the credit you deserve by learning the lingo!

Credit Glossary

CREDIT – An agreement in which a borrower receives something of value in exchange for a promise to repay the lender at a later date. 

CREDIT HISTORY – A record of an individual’s open and fully repaid debts. A credit history helps a lender to determine whether a potential borrower has a history of repaying debts in a timely manner. 

CREDIT LIFE INSURANCE – A type of insurance often bought by mortgagors because it will pay off the mortgage debt if the mortgagor dies while the policy is in force. 

CREDITOR – A person to whom money is owed.

CREDIT REPORT – A report of an individual’s credit history prepared by a credit bureau and used by a lender in determining a loan applicant’s creditworthiness. 

CREDIT BUREAU – An organization that gathers, records, updates, and stores financial and public records information about the payment records of individuals who are being considered for credit.

CREDIT SCORE – A computer-determined number (score) that reflects an evaluation of positive and negative credit information about an individual. Many lenders use this number when determining whether to extend credit. The score is available from the credit bureaus, usually for a fee. Credit Scores are sometimes referred to as FICO scores after the Fair Isaacs Company that developed the credit scoring model.



Resource: Fifteen pages of definitions for glossary terms from A to Z available online at

CARLOS CAMARGO | Category: First-time BuyerGlossary of Housing & RE Terms



Posted on December 26, 2017 at 11:08 PM
Carlos Camargo | Category: First-time Buyer, Glossary of Housing & RE Terms