Monday, October 20, 2008

FHA Improvements Allow Buyers to Qualify for Mortgages Using Non-Traditional Credit Building

For many years, the issue of building credit was always a mysterious topic that not many people could understand. It used to require the assumption of debt in order to build a strong credit file over time. With the new improvements to FHA, buyers can now build positive credit files with payments made to basic everyday bills like utility payments or any other type of monthly bill--not just credit cards, mortgages, or any other bill related to the repayment of debt. By enrolling in the "Payment Reporting Builds Credit" program, buyers can establish or re-establish their credit within 12 months.

Read more info about this refreshing new program:

Payment Reporting Builds Credit

More information about the new FHA Improvements