Real Estate Information Archive

Blog

Displaying blog entries 1-2 of 2

πŸ‚ House Hunting Checklist πŸ‚

by Lorna Calder

"When I was searching for my First Home, I was starry-eyed with the whole process: "OOOH look at the size of the bathroom, the granite is SO PRETTY, wow the new fixtures are perfect, the home is so cute, the paint color is great!" I wasn't  really looking at the meat and bones of WHERE I was going to be living, WHO I was living by, WHAT was near, etc." - Christina (Client Care Coordinator, The Lorna Calder Team)

 

This is a great start to the home hunting process, although it doesn't replace the eyes and knowledge of a Realtor on The Lorna Calder Team, it's something great to bring along to showings so you can jot down notes and answer questions you may need to be asking yourself. I have attached the PRINTABLE PDF version right below! Enjoy!

 

HOUSE HUNTING CHECKLIST

 

Want to maintain that Good Credit?

by Lorna Calder

You can make sure that when you get your credit in good shape that it STAYS THERE!

Here are a few ways to do just that!

Maintain low balances on your credit cards and revolving lines of credit.

Once you’ve paid them down, keep the balances low by using them only for emergencies.  If the balance is currently high on one or more cards or credit lines, begin paying them down, starting with the card or credit line with the highest interest rate first.

 

Set up automatic bill pay.

Many creditors and utility companies make it easy to pay your bills on time by sending reminders before the payment is due. Additionally, setting up an automatic payment will ensure the bill is paid on time.

 

Keep rate shopping within a 30-day window of time. 

If you’re thinking of taking out a loan to buy a car or a home, limit your rate search to a small timeframe so the inquiries will likely be treated as a single one. The more inquiries into your credit, the more likely they’ll count against your score.

 

Reconsider closing accounts.

Even if you don’t use a line of credit anymore, it may not be a good idea to close it. Closing several accounts at once may raise red flags and impact your credit. Instead, leave the balance at zero and try not to use it. 

 

Be responsible.

It takes time to build great credit; it also takes time to rebuild your credit once it’s damaged. Once you’ve earned a great credit score, continue good financial habits to maintain it.

 

The difference between "Good Credit" and "Excellent Credit"

 

What is a "Good" credit score?

Its usually lenders who decide what they would consider as good credit, the credit tier generally breaks down as follows:

 

What is the dividing factor between people with "Good" credit and people with "excellent" credit?

Although people with excellent credit have more open revolving credit accounts, they don’t actively use them  and the debt they do carry makes up a lower percentage  of their overall available credit. 

 

 

© 2017 Buffini & Company. All Rights Reserved. Used by Permission. RMMK AUGUST EREPORT S

 

 

 

 

 

Displaying blog entries 1-2 of 2

Syndication

Categories

Archives

 Each Office Independently Owned and Operated.