Improve Your Credit Score And Consider More Homes
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J Harris
Mar 29, 2013, 10:30:05 AM3/29/13
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Please consider this free-reprint article written by:
J Harris
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The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
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Article Title: Improve Your Credit Score And Consider More Homes
Author: J Harris
Word Count: 658
Article URL: http://www.isnare.com/?aid=163107&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=163107
Easy Publish Tool: http://www.isnare.com/html.php?aid=163107
*********************** ARTICLE START ***********************
Want to make more homes available in your price range? Then increase your price range. First time homebuyers are often thrown into a state of fear when they encounter terms like FICO score, credit history and PMI for the first time. For many, obtaining loans for homes is the first time they have needed to pay attention to their credit score, and it may be the wake up call that introduces them to the impact that credit history can have on monthly expenses. The truth is that more attractive homes will be in your price range if you have a higher credit score. If you find your self on the path to home ownership for the first time, here are the terms you need to know, and the actions you can take, to put yourself in a good position for looking at the homes you really want.
Know Your FICO Score
Knowledge is power right? Well, the first thing to know is that a FICO (Fair Isaac Corporation) score is a report card of your credit history. Every late payment you�ve ever sent, any defaulted loans, and the multiple times you may have transferred balances to a lower interest rate card all impact your FICO score. Your score can be anywhere from 300-850, and you want it to be as high as possible.
Loans for homes, and interest rates, are highly dependent on your FICO score. A higher FICO score equals a lower interest rate. And a lower interest rate means lower monthly mortgage payments on new homes.
Steps to Improve Your Credit Score
Planning ahead can make a huge difference in improving your credit score and lowering your homes� mortgage interest rate. Under the Federal Credit Report Act you have the right to view your credit report. To obtain a free copy annually go to http://www.annualcreditreport.com. Your credit score can be improved and greatly increase your chances of getting loans for homes, and your interest rate. If your credit score is less than 650, you have some serious work to do.
Deal With Disparities
It�s not uncommon for the credit reporting agencies to make mistakes in your credit report. Your first step is to contact the agency with your dispute and make it right. Eliminating just one report of a defaulted loan, or late payments, can make a significant impart on your credit score.
Say No to Target and Yes to More Homes
Well, not Target stores specifically, but if your goal is to get the best rates on loans for homes possible, then hold off on applying for any new credit cards or taking advantage of those balance transfer deals. Applying for new cards frequently is a major factor in lowering your credit score.
Pay Off Debt
Many homes are on the market today because the owners defaulted on their loans. The homes in your price range will be determined by the monthly payments you can afford to make. If you are just starting the process of looking at homes in your area, then you are in a great position to pump up your credit score.
Start by paying off any consumer (read credit card) debt as fast as you can. This will lower your monthly payments, improve your credit score, and could end up giving you more money to put down on the homes you are looking at.
Homes and Loans
Your goal is to be able to consider the best homes in your price range. And raising your credit score now will impact that price range. You really do have a lot of control over your credit score. And that means more control over the homes you can choose from when the time to make that first home buying purchase finally arrives.
About The Author: John Harris is a researcher and writer on applicable real estate topics such as economics, credit improvement tips, home selling advice and home buying preparations. For more information please visit http://www.twtrealestate.com/RanchoBernardo-homes.html
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=163107
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
J Harris
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=163107
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=163107
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Improve Your Credit Score And Consider More Homes
Author: J Harris
Word Count: 658
Article URL: http://www.isnare.com/?aid=163107&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=163107
Easy Publish Tool: http://www.isnare.com/html.php?aid=163107
*********************** ARTICLE START ***********************
Want to make more homes available in your price range? Then increase your price range. First time homebuyers are often thrown into a state of fear when they encounter terms like FICO score, credit history and PMI for the first time. For many, obtaining loans for homes is the first time they have needed to pay attention to their credit score, and it may be the wake up call that introduces them to the impact that credit history can have on monthly expenses. The truth is that more attractive homes will be in your price range if you have a higher credit score. If you find your self on the path to home ownership for the first time, here are the terms you need to know, and the actions you can take, to put yourself in a good position for looking at the homes you really want.
Know Your FICO Score
Knowledge is power right? Well, the first thing to know is that a FICO (Fair Isaac Corporation) score is a report card of your credit history. Every late payment you�ve ever sent, any defaulted loans, and the multiple times you may have transferred balances to a lower interest rate card all impact your FICO score. Your score can be anywhere from 300-850, and you want it to be as high as possible.
Loans for homes, and interest rates, are highly dependent on your FICO score. A higher FICO score equals a lower interest rate. And a lower interest rate means lower monthly mortgage payments on new homes.
Steps to Improve Your Credit Score
Planning ahead can make a huge difference in improving your credit score and lowering your homes� mortgage interest rate. Under the Federal Credit Report Act you have the right to view your credit report. To obtain a free copy annually go to http://www.annualcreditreport.com. Your credit score can be improved and greatly increase your chances of getting loans for homes, and your interest rate. If your credit score is less than 650, you have some serious work to do.
Deal With Disparities
It�s not uncommon for the credit reporting agencies to make mistakes in your credit report. Your first step is to contact the agency with your dispute and make it right. Eliminating just one report of a defaulted loan, or late payments, can make a significant impart on your credit score.
Say No to Target and Yes to More Homes
Well, not Target stores specifically, but if your goal is to get the best rates on loans for homes possible, then hold off on applying for any new credit cards or taking advantage of those balance transfer deals. Applying for new cards frequently is a major factor in lowering your credit score.
Pay Off Debt
Many homes are on the market today because the owners defaulted on their loans. The homes in your price range will be determined by the monthly payments you can afford to make. If you are just starting the process of looking at homes in your area, then you are in a great position to pump up your credit score.
Start by paying off any consumer (read credit card) debt as fast as you can. This will lower your monthly payments, improve your credit score, and could end up giving you more money to put down on the homes you are looking at.
Homes and Loans
Your goal is to be able to consider the best homes in your price range. And raising your credit score now will impact that price range. You really do have a lot of control over your credit score. And that means more control over the homes you can choose from when the time to make that first home buying purchase finally arrives.
About The Author: John Harris is a researcher and writer on applicable real estate topics such as economics, credit improvement tips, home selling advice and home buying preparations. For more information please visit http://www.twtrealestate.com/RanchoBernardo-homes.html
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=163107
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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