With the growth of online tools, companies are quickly building products to serve the real estate community. After all, it’s a lucrative industry, home buying and selling will always be a thing – even if it does slow down, and companies around the world are diving in to make as much money off consumers as […]
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In 2017 alone, 60% of women millennial buyers were single! Buying a home seems to come with the idea that it’s the step AFTER you get married and have a family – but that simply isn’t true! Not only is home buying an incredible investment, but it also provides stability. If you’re worried that a […]
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If you haven’t bought a home yet, you’re missing out on a wonderful feeling! That moment when you walk through your doors, throw your purse or keys on the floor, plop down on your couch and breathe a sigh of relief while thinking, “Finally, it’s ours (or mine)!” And the joy of looking at all […]
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Buying a new home is an exciting time. It can also be stressful if you are unsure about your credit or know that your credit is not as high as you’d like it to be. Your credit score is one of the biggest factors in how much of a home loan you can qualify for and the interest rate you’ll pay. The good news is there are easy ways to increase your credit score. By following a few tips, you can make sure your report accurately reflects your use of credit and create a plan to improve your scores if necessary.
• Check for Errors – Errors on a credit report is very common. Make sure that everything is current and accurate.
• Pay Down Credit Card Debt – One of the easiest ways to boost your score is to lower your credit card balances. Aim to have no more than 50% of available credit in use.
• Remove Negative Accounts – If you have old collections or bad debt, negotiate with the creditor to pay some/all of the debt in exchange for removing the record.
• Keep Old Accounts Open – About 15% of your score has to do with how long you’ve had credit accounts.
• Pay on Time – This might sound simple, but always pay your bills on time.
By understanding what affects your credit, you can make real changes which will increase your score. If your credit isn’t where you want it to be and you are hoping to be able to buy a home in the near future, it is always a good idea to speak to a loan officer. Some loan officers even have programs that they can place you in to help improve your credit score over time. Credit issues do not have to last forever.
What scares you about real estate? The seemingly overwhelming and intimidating process? Or are you simply just comfortable renting or living at home? Share your concerns and ask questions. I’d love to tackle your fears.
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