Fannie Mae’s Risk Based Pricing benefits mortgage applicants with high credit scores.

Approving mortgages is all about assessing risk, as underwriters scrutinize every detail and shred of data in hopes of accurately predicting if a potential borrower will pay their mortgage on time every month – or default.

That’s good news for consumers that are good stewards of their financial affairs since keeping a great credit score, a low debt load, and plenty of assets will help them get approved for the best low-rate mortgage loan when it comes time to refinance or ...

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money-really-can-buy-happiness

It turns out money really can buy happiness!

“Money can’t buy you happiness,” is a mantra we tell ourselves regularly, put on bumper stickers and even teach our children. But is it true?

Probably not, it turns out, as studies point to the positive correlation between income and levels of happiness. So having more money really will make us happier?

Somewhat, but there are certain important distinctions to make before we start blindly chasing dollar signs in hopes for inner bliss.

First, we’ll go over the research:

One of the first stabs ...

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celebrity-credit-reports-hacked

Have you ever wondered what’s on Jay-Z, Kim Kardashian, or even Oprah’s credit report? This data hack reveals the private financial lives of top celebrities and politicians.

No one is safe from data breaches and credit report hacks, even the top celebrities and politicians in the U.S. – including those in the White House. That’s the lesson we’ve learned over the past couple years, as hackers have infiltrated some of the most famous people in the world, making their sensitive financial and credit information public.

In one such case, a suspected Russian hacker group released the credit reports of 17 politicians, musicians and celebrities, including their most intimate ...

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pet-industry-growth

The U.S. pet industry is barking, biting, and booming like never before.

Do you own a pet? Chances are, you either have a beloved pooch or frisky feline in your care, and if so, you probably spend a hefty sum of money keeping them fed, healthy, happy, and even entertained. In fact, the pet industry is one of the largest niche segments of household discretionary spending, and has even proven to be recession proof over the last 5+ years. Of course we can’t measure our love for the loyal family dog ...

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pefect credit-score-possible-fico

Is it possible to have a perfect credit score?

When you think of “perfection,” what comes to mind? Does perfection mean setting a new World Record on your way to a Gold Medal at the Olympics? How about achieving a perfect score on the SATs? Or “perfect” to you might just mean a quiet day at home without the kids and nothing on your To Do list!

But no matter your definition of perfection, there is one objective standard that is perfectly difficult to achieve: getting a perfect credit score.

While ...

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bwc-at-placer-food-bank-serving-community

15 Ways the Placer Food Bank serves and enriches our local community

At Blue Water Credit, we often educated our clients and friends about financial matters, from credit score and home buying to debt and savings. But today, instead of breaking down why you should put more money in the bank, we’re going to highlight another very important bank deposit that’s critically needed by millions of Americans: a deposit in your local food bank.

It’s a sad reality that that many people are hungry or food insecure (where they don’t know where their ...

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economic-policies-of-trump-and-clinton

How will Clinton v. Trump affect your wallet? Comparing their policies on trade and job growth, taxes, and student loans.

Until Tuesday, November 8th the United States will be consumed with talk, discourse, and debate about the Presidential election, with people weighing in whether they’ll vote for Donald Trump or Hillary Clinton. But if we look past the sound bites and social media banter, how will each candidate affect the economy if elected?

In this series of blogs, we’ll outline the economic policies of Clinton and Trump, and how these changes will impact the ...

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20-facts-about-craigslist

20 Facts about Craigslist, the world’s community bulletin board

Are you looking to buy a used car, find a used barbecue for sale or rent a new apartment? How about get a better job, sell a fish tank, or even meet local people doing fun things in your area? If you’re like many people in the U.S., you might be turning to Craigslist.

In fact, Craigslist (craigslist.org to be specific) is the world’s biggest online classified ads section and community form, devoted to posting personal notices for jobs, housing, items ...

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God now has a credit score, plans to buy a new BMW.

God now has a credit score, and in fact it’s a divine 820 according to Equifax, one of the three major credit bureaus. But before we question the blasphemy of why God’s credit score isn’t perfect, it’s important to mention that this God is actual a New York City man named God Gazarov. Mr. Gazarov, a Russian immigrant who owns a jewelry store in Brooklyn, had a particular hellish run-in with Equifax after they refused to log him a ...

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25-great-ways-to-make-extra-money-from-home-pt-1

25 Great ways to make an extra $500-$1,000 a month from home (part 1)

How would you like to make an extra $500 a month? How about $1,000 or more? It’s entirely possible to earn extra cash every month, working flexible hours virtually, out of your home, or even car, all while maintaining your regular job. An extra $6,000 or $1,000 can really add up, allowing you to pay off credit cards, your auto loan, get out of debt, or start saving money for a rainy day or investment. Over the course of just ...

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