Official Carleton H. Sheets^® Website

A recent article published by CNNMoney.com reports that the Obama administration has revised its initial mortgage refinancing program to help more borrowers---including those whose homes are valued below their loan amount---qualify for refinancing. The revisions also include stipulations that enable eligible borrowers who are either in default or at risk of defaulting on their loan to lower their

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First, there was last year's $7,500 credit to first-time homebuyers ... the problem was that it really wasn't a credit at all. It was considered a loan and had to be paid back.

This year's "up to $8,000 tax credit" to first-time homebuyers seemed to be an improvement on last year's credit because it didn't have to be paid back. The catch was that some potential homebuyers were excluded

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My Coaches and staff members are fielding calls about the squeeze of the credit market every day. Let's face the facts ... it is difficult for many people to get a loan right now. Only those investors who have stellar credit and a down payment are able to take advantage of this market to buy properties at rock-bottom prices---at low rates of interest.

However, if you are like many investors,

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No matter who you voted for, you have to admit that change is in the air. And now that the election is over, it's time for our government to get down to business! From what I've heard on CNN and read about in the news, I expect that President-elect Barack Obama is already making changes in the cabinet, and plans to get things up and running the minute he enters the Oval Office in January.

I'm

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In an article by Kenneth Harney that recently appeared in the Washington Post, he points out that amidst the crisis sweeping Wall Street, lenders are still originating loans for home mortgages.

This is great news for those buyers who are just venturing into the market---and also for real estate investors!

The article talks about how the Wall Street meltdown, especially the slow down of

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Have you wondered how we, as real estate investors, can help speed our economy on the road to recovery? Buy a property! If you find a property that you want to add to your portfolio---and can qualify for a mortgage---don't sit on the sidelines. And if you don't qualify for a mortgage, consider purchasing a property using one of my creative financing techniques.

Why? Well, as an article in USA

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You might want to consider opening a line of business credit-which is totally separate from personal credit. Personal credit and business credit differ in a number of ways.

Personal credit scores range from 300 to 850-the higher the credit score, the better your credit rating. And your score is calculated using a number of different factors, such as the amount of available credit, on-time bill

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Right now, with all of the events that have happened in the real estate market, I cannot emphasize enough the importance of good credit. Your credit score can make a huge difference in all of the major purchases in your life.

I want to clarify that although you don't need credit to purchase real estate, it certainly does help if you have good credit. So you should always strive to improve and

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