Credit Ready???

          Being Credit Ready is key when looking to purchase a home.   But did you know that it will keep insurance costs and loan costs low through out the time you own your home??

As you can see in Larry's letter below, there are key elements that impact your credit score.  And there are actions not to be taken without considerable thought so that you don't adversely affect your credit score.

As you look over the pie chart, two categories stick out like a sore thumb:  Payment History and Amounted Owed.

At 35% and 30% of your credit score respectively, you can see regular, on-time bill payment over time and a low debt level will provide a big part of a positive score.  Just as the opposite behavior(missed payment and high debt) will drag the a credit score into the gutter.

Really pay attention to these two and you can really improve your credit.

YET DON'T IGNORE AND OF THE OTHER THREE!!!

A 10% or 15% swing can take a great 700 credit score to mediocre to poor 630/595 scores by not paying any attention to the other details of your credit score.

If your credit needs improving, start with improving on time payments and reducing your debt!!  Be ready for that

next purchase!!!  Or to lower your insurance costs!!

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Finding the Right Home

Ready to Find Your Next Home???

           Whether your 1st home or your 4th home

                                   Whether you seek a $100,000 or a $1,000,000 Home

                

            You must clearly define the home sought


Start with the basics:

1.  Size of Home:             1500 sq. ft. to 2000 sq.ft
2.  Size of Lot/Yard:         .5 acre or larger
3.  Number of Bedrooms: 4 or more
4.  Number of Baths:        2 or more
5.  Style:                          Ranch homes only
6.  Price Range:                $200,000 to $300,000                                                                                    (Bank Pre-approval required)
7.  Distance from Work     Less than 30 minutes
8. Time Frame                  Within 6 months
9. Preferred School or area    

                                 Chesapeake or  Virginia Beach
  

Define the "preferred" features:

1. Fenced Back Yard
2. 1st Floor Laundry
3. 2 Car Garage
4. Woods or Lake behind home
5. Close to Interstate System
6. Close to Grocery Store
7. Name your preference...could go on forever.

Obviously, some preferred features could be on your required list and vice versa.  Yet, the preparation to define the home sought is the key!!!

Eliminate wasting time in looking at homes you can't afford or that fail to meet your expectations!!!

Without a doubt, one's need to move is motivated by a change in life circumstance:  New Job, Newly Married, Newly Divorced, Downsizing, Upsizing as family is growing, ect.  

Thus, it is key to get the right home for the needs you must meet.                                    

Got questions...Call me   (757) 580-6546...or visit me at www.BryanCerny.com