What Credit Score do You Need to Buy a House in 2021

To buy a home, you don’t need flawless or even decent credit. In reality, getting a mortgage requires a minimum credit score of 580, which is just called “fair.”

Keep in mind that mortgage lenders do not look at the credit report in isolation.

Your credit history, debts, and down payment are all taken into consideration. The higher your score in these places, the more likely you are to be able to get away with a bad credit history.

The disadvantage of having poor credit is that you would have to pay a higher interest rate. Many low-credit borrowers, on the other hand, choose to invest now and refinance later as their credit increases.

Minimum credit ratings vary depending on the mortgage product

The credit rating used to purchase a home is determined by

By |2021-05-16T02:37:50-03:00May 16th, 2021|Categories: Credit Scores|Tags: , |0 Comments

Su Qian AKA Audrey and Xu Sheng Wang AKA Jacky Charged in Tax Fraud Sheme

Prosecutors say the two Plymouth residents, who own two sushi and hibachi restaurants in the west metro, are facing 46 tax evasion counts in a “extensive scam” that lasted “years.”

These company owners, according to the Hennepin County Attorney’s Office, devised a complex plan to underrepresent their revenue and focus their sales tax returns on such false figures. Su Qian, 43, also known as “Audrey,” and Xu Sheng Wang, 45, also known as “Jacky,” were indicted with 16 counts and 14 counts of tax evasion, individually, after a two-year probe by the Minnesota Department of Revenue. Qian is also charged with two counts of tax evasion including the use of an electronic sales suppressing system.

Raku Sushi & Lounge in St. Louis Park, one of their licensed restaurants, was cited with

By |2021-05-10T21:45:57-03:00May 10th, 2021|Categories: Financial Fraud|Tags: , |0 Comments

Lilit Gagikovna Baltaian Arrested in Alleged $6M Medicare Fraud Scam

According to federal prosecutors, a woman from Southern California faces felony charges after fabricating home health care certifications that resulted in more than $6 million in false Medicare service fees.

Between January 2012 and July 2018, Lilit Gagikovna Baltaian, 58, of Porter Ranch, was detained after authorities said she illegitimately approved patients to receive treatment from four different home health providers — two in Glendale and two in Panorama City, according to the Daily News.

Baltaian would obtain cash benefits from the home health providers for the referrals, police said, and the providers would make applications for compensation with Medicare for treatment that were not rendered or needless. Baltaian, according to authorities, has filed her own compensation requests.

Patients who are limited to their homes due to sickness or injuries should be

By |2021-05-10T19:51:28-03:00May 10th, 2021|Categories: Financial Fraud|Tags: |0 Comments

Mustafa Qadiri Arrested On Federal Fraud Charges Involving PPP Loans

IN IRVINE, CALIFORNIA – On federal charges, an Orange County man was arrested on allegations that he fraudulently received over $5 million in Payment Protection Program funds for his fictitious companies, and spent the money on himself, including buying Ferrari, Bentley, and Lamborghini luxury vehicles.

According to the US Attorney’s Office, Mustafa Qadiri, 38, of Irvine, was charged with four counts of bank robbery, four counts of wire fraud, one count of aggravated identity theft, and six counts of money laundering in a federal criminal indictment released Wednesday.

Qadiri reported to authorities and was scheduled to appear in federal court in Santa Ana on Friday afternoon.

According to the complaint, Qadiri alleged to have run four Newport Beach-based companies: All American Lending Inc., All American Capital Holdings Inc., RadMediaLab Inc., and Ad Blot Inc., none of which are currently operational. According to court documents, he reportedly sent fake and

By |2021-05-10T02:29:41-03:00May 10th, 2021|Categories: Financial Fraud|Tags: |0 Comments