My Backoffice

This page and your backoffice is designed to help track your progression in our program.  As you complete consultations with the advising team, all interactions will be documented and uploaded to this page.  

​We will look at and collaborate on the following areas:
(1) credit, (2) budgeting, (3) all other obstacles keeping you from becoming a homeowner.

Credit Profile Summary - Elizabeth Torres
Credit Scores
576 - Experian
516 - Equifax 
543 - TransUnion
Summary
26 - Collections/24 are medical related
1 - Positive items
Items Reporting
(1) Bridgecrest Credit (auto) $510/mo - NEW 7/16 (joint)
(2) Monterey Financial - $97/mo - NEW 7/16 - personal loan to purchase an animal
      -$1,553 remaining balance to be paid by Maralyn.
      -Actual debt is really for Maralyn (your sister) underneath Elizabeth's name.
Action Plan​ (3/26/17)
(1) Need to activate & open two revolving tradelines.
(2) When Matthew gets his credit cards current consider adding Elizabeth as an Authorized User.
(3) Consider opening secured credit card (see link).
(4) Suggest using Lexington to remove collections.
(5) Liz is not employed - MUST secure employment (consistent secondary income).

Credit Profile Summary - Matthew Hernandez
Credit Scores
572 - Equifax
595 - Experian 
​594 - TransUnion
Summary
08 - Collections (3 from 2016)
?? - Positive items
Items Reporting
(1) Statefarm - Judgment (same as baldrich)
(2) Bridgecrest Credit (auto) $510/mo - NEW 7/16 (joint)
(3) American Credit (auto) $359/mo 
(4) Vystar Credit Union (personal loan) $138 monthly  $528 balance - $393+ actual balance
(5) Merrick Bank (rev cc) $500/$476 Needs paid down 
(6) Capital One (rev cc) $500/$459 Needs paid down
Action Plan​ (3/26/17)
(1) Pay down credit cards - utilize the 25/50 utilization rule.
(2) Suggest using Lexington to remove collections.
(3) IRS issues need to be addressed.

Budgeting & gfc Summary
Budget Review(s) - click here
$XXX - monthly expenses
$XXX - monthly income
$XXX - current differential
Target gfc Plan
$XXX - gfc
$XXX - savings
Current gfc Balance
$500 - 03/10/17 
$XXX - 04/15/17 (pending)
$XXX - New Balance
Personal Savings
$ xxx - (date)
Action Plan
(1) Download and complete the differential worksheet by (4/2/17).
(2) Be prepared to go through the entire expenditure list.
(3) Complete a full analysis together.

Consultation History

Date
Summary
(date)
3/26/2017
click here - written summary
click here - written summary
Recordings
click here  - consultation audio
click here - consultation audio
Links that Matter
Consultation Expectations
​Goal Setting Exercise
The Budget
Tradeline Management
Lexington Law​
​Lender List
Online Course
FHMCC Program
PDML​​​- helpingyouwin (password)
Credit Reports - 2/14/17
click here - Elizabeth
click here - Matthew
Program Documentation
​click here - ach authorization
click here - housing application
click here - ownership benefits
click here - advising program benefits
click here - gfc program benefits
click here - personal conduct agreement
click here - housing disclosures
​click here - sourcing disclosures
Purchasing Power
click here - mortgage calculator
$XXX,XXX - Approx Purchasing Power
$X,XXX/mo - Approx Mo/Pymt
Supporting Documentation
click here - LOE #1
click here - LOE #2
click here - Personal Budget ​