Flexible Benefits Mortgage Corp.

If you’re like most individuals, you share the belief that owning your own home is a major part of the “American dream.” Flexible Benefits Mortgage Corp. believes that “everyone” should have the opportunity to acquire this dream. The dream of home ownership to us is not just a dream…it’s the reality that we create every day with every closing and every smiling client. We believe in dreams too…but we also believe that hard work, persistence, determination and ambition can make just about any dream come true.

An educated borrower is one that appreciates and respects the direct approach to mortgage banking. Flexible Benefit’s representatives will not tell you what you want to hear, we will tell you “like it is.” Integrity and commitment is the foundation on which we have built our company. Being “closing driven” and providing borrowers with the results they anticipated has lead to many referrals which has become the backbone for our organization. We believe “revenues are the nucleus of any business, but customer service is the larger umbrella.”

Let’s face the facts. Millions of existing home owners and first time prospective buyers have too much existing credit, bad credit, no credit, unverifiable income, high revolving debts or one or more problems that may make it difficult for them to obtain mortgage financing. However, many people tend to go to their local bank for mortgage assistance not knowing that the local banks have sometimes the most rigid guidelines for approval.

Flexible Benefits Mortgage representatives specialize in analyzing the many programs available in the mortgage industry. Our staff will carefully evaluate your individual situation and give you a number of options to choose from.

Many larger companies cannot provide the “personal attention” that many prospective borrowers desire. These companies outgrow the focus or importance of customer service and often tend to forget what brought them to that escalated level. At Flexible Benefits, we have not yet reached that point where our customers have to “take the back seat” to excessive volume. We are a small company growing bigger every day that still provides that “personal touch.”

Flexible Benefits Mortgage Corp.

Check Your Credit

If you are planning a major purchase such as a new home or a new automobile in 2006, your credit history will have an impact on the rate and terms you are offered to finance that purchase. Many consumers are not aware of the information contained in their credit reports — or how easy it is to check that information at no cost.

Using information in these reports, the three national credit reporting agencies — TransUnion, Equifax and Experian — each develop a credit score that they report to credit providers (such as banks, mortgage companies and credit card companies) for a fee. The lender’s usual practice it to use the middle of the three scores since the scores can vary by 30 points or more from each other.

Each credit reporting agency operates separately. These agencies gather credit data independently, so the information on each of your three credit reports can be slightly different. A consumer can obtain one report each year from each of the agencies at www.annualcreditreport.com. If you find mistakes, it is your right to dispute the incorrect information. When you submit your dispute to these agencies, they each conduct an investigation of your claim for 30 days. Depending on what each agency finds, they decide either to remove or leave the disputed item. Sometimes these agencies end up with different conclusions about the accuracy of your data.

Your first move in financing a major purchase should be to check your credit report to ensure the information is accurate. Once you are assured that your information reported by the credit agencies is accurate, there are still actions you can take that will raise your score - and there are also actions you should avoid to ensure that you do not inadvertently lower your score.

For example, paying off your debts and closing all your accounts is a good way to reduce your monthly expenses, but not the best way for you to improve your credit. A consumer that pays off the debt, and keeps the lines of credit open will see an increase in their score. Alternatively, closing all the active accounts on your credit report leaves lenders with little information for evaluating your creditworthiness — and your credit score will be reduced as a result.

Westfield Mortgage, 908-518-0800 or 866-518-0800; www.westfieldmortgage.com

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