Your credit score is a number that reflects your credit risk level. Typically the higher the number the lower the risk. Your credit score is a fluid number and there are 3 simple ways to keep your credit score healthy.
1. Pay your bills on time. This is the single most important factor to a good credit score. Even if the debt is small it is crucial that you make payments on time.
2. Minimize outstanding debt and avoid overextending yourself by applying for credit needlessly. Use the credit you already have to prove your ability to manage credit responsibility.
3. If you have negative on your credit report (late payments, bankruptcy, or too many inquiries) your best bet is to pay all your bills and wait. Time heals all wounds.
Let's face it in today's market most people need a loan to buy a house and one of the hurdles many face is having enough downpayment to qualify. Well Happy New Year! 3% down conventional financing is here for first time home buyers who qualify.
Here are some key features:
* 3% down payment with 97% Loan To Value ratio
* 30 year fixed rate mortgage loan to 417,000 only
* No income limit
* 3% down payment and reserves (if required) may be supplied by gift funds
* No home buyer counseling required; but a 640 score is required
* 1-unit primary residences eligible
* 1 borrower must not have owned any residential property in the previous 3 years
This new loan options offers a few advantages over the FHA loan:
* No upfront PMI
* PMI factors are lower
* PMI can be dropped once the equity position is 80% and 2 years has passed, if the buyer requests an appraisal (PMI will drop automatically at 78% by way of amortization)
* No FHA minimum property requirements
Some Disadvantages over FHA:
* Rate is higher than FHA
* Seller contribution is lower than FHA
* Down payment is slightly more than FHA
Heidi Gage from Movement Mortgage said, "Ultimately, FHA will have a lower payment when comparing them side by side, BUT the conventional loan has more long-term flexibility."
The important thing to understand is that all loan options have pros and cons and anyone considering buying a home should consult a lender that can help educated them further so they can make the decision that is right for them, but with interest rates STILL at an all time low home ownership is even more possible.
When you buy a Baltimore home, you need to know exactly what you’re buying. Imagine how frustrated you’d be to find out that the hot water heater wasn’t working—in the middle of a shower! This is why you should have a home inspection before you buy your home. A home inspection is an important part of buying your home. Before you hire a home inspector, ask candidates a few questions to make sure you hire a trustworthy inspector.
You’ve got a new job offer across the country and you are planning to pack your things, buy a Baltimore home and make the big move. However, when you tell your 17 year old daughter your plans, she lets out a mournful wail and cries that it is not fair. How can you possibly take her away from all of her friends, her favorite hangout spots and the cute boy she just started seeing?
Moving house is a difficult transition and it is even more traumatic for teenagers. The teenage years are an important stage where young adults establish their individuality and independence and during this time their social circle is extremely important to them. Being removed from that against their will can make any teen feel sad, confused, angry and resentful. Also, fitting into a new social scene in a different location can be a challenge for a teen that might be singled out as the “new kid”.
How can you help your teen during this transition so that the experience will be easier on them?
For more advice on moving to your new Baltimore home, feel free to contact me at email@example.com or phone me at 443-854-4190.
make new friends: http://www.lifehack.org/articles/communication/how-to-make-a-bunch-of-new-friends-in-any-new-city.html
have a job: http://voices.yahoo.com/5-reasons-why-teenagers-after-school-331714.html?cat=25
: http://www.lifehack.org/articles/communication/how-to-make-a-bunch-of-new-friends-in-any-new- city.html