October 6th, 2023 12:36 PM by Cathy Heckman
AMI Where are you?
Area Median Income (AMI) is defined as the midpoint of a specific area's income distribution and is calculated on an annual basis by the Department of Housing and Urban Development (HUD). HUD refers to the figure as MFI, or median family income, based on a four-person household
What does this mean and how does this effect you?
In the last 6mos it has gone up by 6.9 %
Are you in that Median family income? You Lender/Mortgage broker can help you with this question and how it effects you.
Have you been working on paying off debt – Remember do not max out those credit cards – ask for higher credit limits to give you that wiggle room for better credit scores
Remember to dispute those credit errors
Are the CFPB (Consumer Financial Protection Bureau) removing medical bills from your Credit Reports if so, this is HUGE!