About Jolynn Craig

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So far Jolynn Craig has created 33 blog entries.

Do inquiries hurt my credit score?

By | 2016-07-06T14:21:01+00:00 July 6th, 2016|

For mortgage purposes, generally no.  FICO realizes that most people shop for a mortgage and that lenders must run credit reports to provide accurate rate quotes and pre-approve a buyer.  Typically, borrowers are going to do their lender shopping during a short amount of time.  Therefore, when a mortgage inquiry is made on a credit [...]

Do credit inquiries lower my credit score?

By | 2016-06-28T18:30:48+00:00 June 28th, 2016|

For mortgage purposes, credit inquiries generally have little impact .  FICO realizes that most people shop for a mortgage and that lenders must run credit reports to provide accurate rate quotes and pre-approve a buyer.  Typically, borrowers are going to do their lender shopping during a short amount of time.  Therefore, when a mortgage inquiry is [...]

I’ve Moved!

By | 2015-12-03T23:04:09+00:00 November 17th, 2015|

I am very excited to announce that I am at a new bank! Recently, the bank where I had worked for the past 6 years sold to a large bank. Myself, along with my entire mortgage department, decided to move our licenses to F&M Bank.  F&M has 8 locations throughout Edmond, Guthrie, Piedmont, Kingfisher and [...]

Storms, your home and your loan

By | 2015-03-30T03:10:26+00:00 March 30th, 2015|

I hope you survived the past week's storms intact, but in case you didn't or know someone that didn't, I wanted to pass along some information that hopefully will be helpful. First, please do not use just anyone that comes knocking on your door to fix your damage! Roofers must be registered with the State and general [...]

It’s THAT time again……

By | 2015-01-22T16:49:23+00:00 January 22nd, 2015|

I know you’re thinking “Jolynn, I’m still on a Christmas high and here you go bringing up this tax stuff!”  Soon you’ll be getting your W-2s and 1099s and unfortunately it’s time to start getting documents together.  If you bought a house, sold a house, or refinanced, some of your closing costs may be deductible.  Make [...]

Homepath Financing

By | 2014-07-10T18:52:29+00:00 July 10th, 2014|

Many buyers have sought out foreclosed homes for their typical below market value sales price.  A foreclosed home is a residence where the homeowner failed to make their payment and the lender has seized the property.  When a home has been foreclosed by Fannie Mae, they offer those homes for sale under their brand name [...]

Oklahoma is 800 years behind….

By | 2014-07-01T02:46:12+00:00 July 2nd, 2014|

by Greg Cannon Oklahoma is 800 years behind…. An insurance adjuster for one of the largest insurance companies in Oklahoma told me recently, “I don’t care what the insurance policy says, if the city isn’t enforcing the building code then we aren’t paying to bring things up to code.” Most of you homeowners are paying [...]

Why things weren’t really better back then

By | 2014-06-06T04:56:26+00:00 June 6th, 2014|

If you've been thinking now may be the time to get into the home market, here are two reasons why you might be right:  AFFORDABILITY - Compare not just the price but also the rate/APR and principal and interest payment for a median priced home. The combination of lower prices AND lower rates has the potential [...]

What happens to joint credit accounts in a divorce?

By | 2014-06-04T02:48:31+00:00 May 29th, 2014|

Divorce can be a devastating event in a person’s life. Not only are there emotional issues, there are financial and credit issues to face as well.  Let’s take a look.   Unfortunately divorce is a life event that affects many Oklahomans.  Divorce decrees typically divide up homes, cars, credit cards and the debts that are attached to [...]

Major FHA loan change

By | 2013-02-01T15:07:39+00:00 February 1st, 2013|

Today I ask you to please don’t shoot the messenger, but there are a couple of big changes coming to FHA. First, the monthly mortgage insurance rate is going up from 1.25% to 1.35%.  This change takes place for loans that are submitted to the FHA system on April 1st or after.  For a buyer [...]