Houston property data to be available from new source

New system to make risk data more easily availableNew services for mortgage risk management are now available from Houston-based Stewart Lender Services, the company announced this week, allowing for better analysis of mortgage loans and other debt.

SLS president Jason Nadeau said the company's partnership with Inglet Blair LLC enabled it to offer a new type of service.

"What we are offering is part of the next wave of mortgage lending services. It enables Stewart to continue to provide a full breadth of services for our mortgage lender and servicer customers throughout the lifecycle of a loan," he said.

In addition to data capture and risk analysis features – which are now web-based, and able to accommodate integration with third-party applications – SLS can also provide expert human analysis to help weed out bad repurchase applications and save clients money directly.

Experts say this and other recent moves to provide better analytical services may be a direct outgrowth of the housing crisis, which saw mortgages extended to those who might not have been sufficiently qualified. This resulted in a large number of defaults which are still being dealt with today.

Saving for the Future, A Home, College, Retirement

With the woes of the economy it is more important now than ever before that you are controlling your debt and saving for your goals whether it be a home, a car, or your childrens college fund.  With the end of the year approaching now is the time to sit down and do a review of your finances and spending habits and work on how to achieve your goals for 2009 and forward.  Setting a family budget will help to make it easier to reach your savings goal.

While working on your budget look to make sure your debt to value ratio is following along the 28/36 percent rule.  This is a rule that is followed by the mortgage lenders when a person is looking to purchase a home.  Your MORTGAGE payment should not exceed 28 percent of your monthly income, and your total outstanding debt should not exceed 36 percent of your monthly income.

With your budget in place try not to add any new debt and stay diligent to pay off your current debt by starting with the credit card debt with the highest interest rate.

When you set up your budget and your savings goal be sure to have a seperate fund for Emergencies. Unfortunately it is those unexpected expenses that can throw the budget completely so always try to put aside funds from each check for these type of expenses..such as car breaking down, or an illness.

As you learn to manage and stay within your budget you will see how life seems to be easier to deal with when you are not stressing over your finances.  Good Luck!

Talk to you Soon,

Patti

patti@pattimace.com (patti null@null pattimace NULL.com)

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