April 2010 
Peoples Mortgage, Inc.

Personal. Distinctive. Real.
Greetings!
Many experts are holding their breath as the tax credit deadline approaches.  Last week's news that the deadline would be extended for military personnel only all but eliminated the chance of an across-the-board extension.  But fear not, friends and associates!  There was once a time when homebuyers did not receive a tax credit - and the industry did alright.  
 
It is still a buyer's market.  Interest rates are still low - and even if they do meet expectations of an increase, they'll still be lower than they were in the early 2000s.
 
 
Increase Your Credit Scores
Are you looking for a way to improve your credit score fast? One of the quickest and easiest ways to achieve this is by taking the time to review your credit file.  
Take a look at your recent credit report. There is a good chance that you can spot an error that is pulling your score down.  Follow the "dispute process" that should accompany your credit file for any error, no matter how insignificant you may think it is.   
 
In addition, take note of any open, credit card accounts you may have.  DO NOT CLOSE THESE ACCOUNTS!  In fact, you may want to contact these creditors and request they increase your credit limit!  Credit scores are heavily weighted towards the amount of credit you have available to you, but is unused.  Therefore, a credit card with only $100 remaining available effects your score more beneficially than one that HAD $1000 available but is NOW closed.   
 
 
It takes more than a good suit to be a great loan officer.
Peoples Mortgage, Inc. posts average score of 92% on national S.A.F.E. Test
 

For years, Peoples Mortgage, Inc has advocated the for the licensing of loan officers at state and national levels.  In July of 2008, the Safe and Fair Enforcement Mortgage Licensing Act was signed into place.  This SAFE Act set forth procedures, requirements and standards for mandatory registration and state licensing of mortgage loan originators. 

One of these requirements is that every loan officer complete 20 hours of SAFE training and pass a national and state test.  While the industry is seeing a pass rate of only 68%, we proud to say that the pass rate at Peoples Mortgage is 100%. 
 
In addition, of those who have passed this exam the average score has been 81%.  Our loan officers are way over the national norm, posting a very impressive 92%!  
 
Our industry has been reduced to a handful of loan products.  Therefore, the ONLY thing that now differentiates mortgage companies and banks is the service they extend to their customers.  An educated staff should be the foundation of a companies commitment to service.  At Peoples Mortgage, we are proud to say we can claim such. 
 
 
SirenBeat The Heat -
Saving You Money In So Many Ways!
This saved me a few bucks the other day as I was cruising down Pellissippi Parkway.  
 
Find Speed Traps - there truly IS an app for everything!
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We are looking forward to a great spring/summer.  If you or anyone you know can use our assistance, please pass our contact information along to them.  
 
Sincerely,
 

Ronnie Wilson
Peoples Mortgage, Inc.