Prices are steady climbing and New Home Prices are being Set. Last Years Pre-Existing Starter Homes that sold in the $200s are selling this year in the $250s and up. New Construction Home Prices
Tips To Raise Your Credit Score
Dated: July 31 2018
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.
• Credit Counsel or Credit Repair - can assist with a plan of action to help you pay down debt and dispute negative items affecting your credit score.
Credit issues do not have to last forever. By understanding what affects your credit, you can make real changes which will increase your score.
I purchased my first home as a single mother in my early 20's, so I know the fears, the anxiety and the financial responsibility that comes with such a large purchase. But I also know the pride, joy a....