How Your FICO Score Affects Your Ability to Get a Loan - FICO (Fair Isaac Corporation) is a company ...
Tue, 07 Mar 2017 19:05:20 +0100
How Your FICO Score Affects Your Ability to Get a Loan
-
FICO (Fair Isaac Corporation) is a company that works to analyze information and predict what will happen. A FICO score is a credit score that the company assigns to an individual or organization based on how well they believe that party will be able to pay back their loans. FICO reports are generated based on the information recorded about the borrower from three different credit bureaus: Equifax, TransUnion and Experian. There will be a different score for each different credit union.
Why Is It Important?
When lenders hand you money, they are taking a risk. They have no way to know for sure if it is a good investment. A FICO score helps them to predict how likely you are to repay your loans, based on your past credit and loan repayment history. It determines how likely they are to want to offer you money, as well as how they determine how much interest to charge you, either based on your loans, assets, or income.
What is a Good Score?
There is not an exact value that lenders look for in a FICO score. However, the higher the FICO score, the lower the interest rate on the loan will be. Generally speaking, with a FICO score greater than 740 the lender will pay more attention to the amount of assets you have, rather than the amount of debt, and you will be more likely to get a loan with a lower interest rate. With a FICO score below 680, the lender will focus more on the amount of debt you have when considering you for a loan, and you will have a higher interest rate.
#PhoenixRealEstate #FICOScore
6 Tips for Moving With Pets Plan Ahead Be prepared for moving day, and make sure your dog or cat is ...
Mon, 06 Mar 2017 19:10:07 +0100
6 Tips for Moving With Pets
Plan Ahead
Be prepared for moving day, and make sure your dog or cat is prepared too. Take them on a mini road trip before the big day, so they can get used to being in the car, and especially to being in a crate. Make sure your animal has spent some time in their crate before moving day, so that this does not become an unfamiliar and stressful experience.
Don’t Pack All At Once
Even when you’re going on vacation, your pet knows what it means when you start packing your suitcase. Don’t pack everything all at once; give your animal time to get used to some of the boxes and suitcases before making huge piles of them.
Find a Vet Ahead of Time
Locate a good veterinarian before you get to your new location. Have your current vet send all their files over to the new organization to avoid hassle and be prepared if your animal gets sick.
Order New Tags
Make sure to get new tags for your pet before you move, so you have them ready as soon as you arrive at your new address. If your pet does get lost in a new neighborhood, it will be harder for them to find their way back home.
Keep Them Away From Stress
While you and the movers are loading the truck, keep your pets away from the activity. Unusual activity and lots of strangers running around is likely to cause them stress. Have them play in the backyard or stay in the basement, away from all the excitement while you pack.
Find Pet-Friendly Places
Dog parks, a big back yard and certainly a pet supply store are good to have nearby. Look for a house that is pet-friendly, and locate the nearest places to exercise your pets and find food and supplies for them.
Remember that just as moving is stressful on you, it can be stressful on your animals too. Take precautions to make sure that you are prepared for the move and that your animal is as used to the idea as possible.
#PhoenixRealEstate #MovingWithPets
Three Keys for Preparing for a Successful Remodeling Project - Remodeling even a small room in your ...
Fri, 17 Feb 2017 19:50:07 +0100
Three Keys for Preparing for a Successful Remodeling Project
-
Remodeling even a small room in your home is a major undertaking so planning is important. Before you strip a piece of wallpaper or pick up a hammer, take some time to get prepared and you’ll save yourself a lot of aggravation – and some of the cost!
1. Know What You Want
This may seem ridiculously obvious, but plenty of people go into a remodeling project with only a sketchy idea of what they want. If this is your first project, get in touch with your inner sense of OCD and plan out every single step before you start anything. Know what colors you want to use, the materials you’ll need and exactly what you want the end result to be.
2. Determine What You Can Do … And What You Can’t
Doing some of the work yourself is a great way to keep costs low, but only if you can actually do the job. Be realistic about what you can accomplish on your own or with the help of family and friends and when you’ll need to call in the professional. Refinishing your cabinets? That’s a great long weekend project for a team of two or more. Doing something with the electrics or plumbing? Call in a professional.
3. Be Clear with Your Contractor and Yourself
Once you know what you want and where you’ll need help, sit down with your team (friends and professionals) to detail exactly what you want and exactly how much time and money you have to allocate for things. Professionals will be able to give you more options if they know your budget and your priorities. This also ensures that everyone is on the same page in terms of what’s happening and talking it over together will let you brainstorm about solutions for potential problems.
#PhoenixRealEstate #RemodelingProjects
What do Water Stains on the Windows Mean? - Water stains on your windows can be created in a number ...
Thu, 09 Feb 2017 16:05:13 +0100
What do Water Stains on the Windows Mean?
-
Water stains on your windows can be created in a number of different ways and, in some cases, may negatively affect the value of your property. Allowing them to go unchecked can also lead to the development of black mold, which can cause a number of respiratory issues. Water stains will generally appear for one of the following three reasons:
Condensation
Perhaps the most common cause of water stains, condensation occurs when warm air meets a cold surface. Stains caused by condensation are often found in the corners of the window sashes and are usually indicative of the room being particularly damp. As such, they are often found on bathroom windows or on the windows nearest to the bathroom.
Leaking Windows
If your windows have not been installed properly you may notice water stains starting to develop, often on the corners of the window and on the window sill. Alternatively, these sorts of stains may also mean that the sealant used for the windows is no longer fit for purpose. Over time, this leakage can cause serious damage to the window sill, so it is a good idea to catch it early and rectify the issue as soon as you can.
Open Windows
Finally, the most obvious cause of water staining is leaving the windows open, particularly when it is raining or there is a heavy storm. This allows water to enter the home and will often stain an entire window sill, rather than simply the corners. Happily, this is easily rectified by ensuring all of the windows are closed on rainy days.
#PhoenixRealEstate #WaterStainsOnWindows
Tips For Going Solar - It sounds like a perfect plan. Use the sun’s naturally given energy to source...
Fri, 03 Feb 2017 16:05:12 +0100
Tips For Going Solar
-
It sounds like a perfect plan. Use the sun’s naturally given energy to source electricity for your house and heat your water. Save money and the environment. But there are a few things to consider before you jump right into installing solar panels (or a photovoltaic [PV] system) across your roof.
Will It Work?
The tricky thing about solar panels is that they need sun. If you live in one of those places that tends to be cloudy all year long, solar panels just might not generate enough energy to be worth it. Consider how much sun your area gets to determine whether installing solar panels will save you money. There are sites online to help calculate how much sun an area gets, and PV installers who have worked in your area before may be able to offer advice.
Consider the Cost
Think of how high your energy bills are right now. Are they really super high, or is it going to cost more to install the panels than it is to pay your monthly bills? Remember of course that solar panels take a few years to pay for themselves, because there is a significant cost to installing them. However, if your energy bills are high, the solar panel route may in fact save you a good deal of money, even if you live in one of those less sunny areas.
Working the System
Look into the option of a grid-tied system. This allows homeowners with extra energy from their solar panels to sell their excess and make an additional profit. The system also comes in handy if you run a bit low on energy yourself, because you have a place to find more.
If you do decide to go solar, make sure to read all the fine print on the contract, including the warranties of all the parts. Hire a reputable installer, and know how much it should cost before you get into it. Once you have everything in place, sit back, relax, and enjoy the sun.
#PhoenixRealEstate #GoingSolar
How to Get a Permit for Home Improvements - Because you’re not married to Tim the Toolman. And to prevent...
Thu, 02 Feb 2017 21:50:20 +0100
How to Get a Permit for Home Improvements
-
Because you’re not married to Tim the Toolman. And to prevent the mishaps that would happen if you worked with Tim the Toolman. For most home improvement projects, excluding painting, carpeting, and landscaping, you need to obtain a permit before you begin work. Here are some steps to follow in order to get one.
First, go to the planning office at your local government building. Explain to them your plans for the renovations, including details of the size of your property. They will inform you of whether or not you need a permit, and help you in the process of getting one.
There are several permits you will probably need, a building permit, planning permits and plumbing and electrical permits. If you get them all at once, it should be cheaper than obtaining each one separately.
You should have records of permits from any past work before starting a new project. If an inspector finds that previous unpermitted work has been done, it will be much more expensive to order a permit for those improvements. Copies of records may be found at the planning office, or from the county assessor.
Once you have all the appropriate records and dimensions, it is time to hire a designer or an architect. They will work on the improvement plans with you, and submit them to the local government. The government officials may require edits on the plans and ask for resubmission before a permit will be granted. Work closely with your architect to make sure all points are addressed and your permit is granted as quickly as possible.
#PhoenixRealEstate #HomeImprovements
The Top Reasons to Stow Away Emergency Cash - Right next to those important categories like rent, food...
Wed, 01 Feb 2017 21:45:22 +0100
The Top Reasons to Stow Away Emergency Cash
-
Right next to those important categories like rent, food, gas and a trip to the shopping mall, there should be another column in your budget: an emergency fund that will cover at least 6 months of living expenses. Finding extra money to slip into an emergency fund after all the food and bills have been paid for can be difficult, but getting stuck in an emergency without money to pay for it is worse. Here are 4 reasons why you should set aside some money for a rainy day.
1. You might lose your job. It could happen. In today’s economy, job security is very uncertain, even if you have been with a company for years. If you are just starting out with an organization and they need to make budget cuts, it’s even more likely that they would have to let you go. Be certain to have some living expenses saved up in case you are jobless for a while.
2. Your car might break down. And then how would you get to work? Unless you’re living in a big city with reliable public transportation, a car is pretty much vital. To get to work, to get to the doctor, to pick up the groceries. You’re going to have to fix it. Or get a new one. It’s going to cost a pretty sum.
3. You fall under the weather. We’re talking large, unforeseen medical expenses. You never know when you may have to make an emergency trip to the hospital, either for yourself or for a family member.
4. House repairs. Just like your car, your house is not guaranteed to last forever. A pipe may burst. The roof may leak. Or that totally well-meaning neighbor may be trying to chop down that large tree all by himself. You never know.
As discouraging as these scenarios may sound, they will seem significantly less intimidating if you are prepared with an emergency fund. There is no need to panic; you are well prepared.
#PhoenixRealEstate #EmergencyCash
What is Real Estate Due Diligence? - Dealing with a real estate transaction, such as buying a home, ...
Tue, 31 Jan 2017 21:35:14 +0100
What is Real Estate Due Diligence?
-
Dealing with a real estate transaction, such as buying a home, is often a lesson in patience and vocabulary. First time buyers are bound to be confused after hearing so many new words and phrases but it’s important they take the time to understand everything as they undergo the process. One issue which is often overlooked in the chaos of buying a home is due diligence, or the thorough examination of every part of the transaction before the papers are signed for the last time. As a home buyer, there are a number of issues which require your due diligence.
• Look Actively for Problems – As a general rule, the seller will not be responsible for any problems which are not discovered by the seller. Essentially, if you don’t speak up about an issue before you sign off on the final papers, you’re stuck holding the bag. Be sure your home inspection is thorough and don’t be shy about pointing out every last potential problem. This includes plumbing, electrics, sewage lines and foundation health.
• Review All Paperwork – When you receive the paperwork for your home and neighborhood Homeowners Association (if applicable) be sure you review everything in detail. Make sure you understand any rules or regulations about adding onto your home or installing antennas and other outdoor equipment.
• Walk the Line – Once you get the details on your property lines, personally walk along each edge of the property. Check for any issues with neighboring properties which may require an easement.
Speak to your real estate agent about all issues of due diligence, including these. This will help to ensure the final closing of the home sale goes smoothly and you can begin life in your new home stress free.
#PhoenixRealEstate #DueDiligence
How to Choose a Mortgage Company - There are several things to consider when choosing a mortgage company...
Mon, 30 Jan 2017 21:40:18 +0100
How to Choose a Mortgage Company
-
There are several things to consider when choosing a mortgage company to finance your home loan.
Consider the Cost
The first thing to pay attention to is the cost. The costs can add up in many different ways. The APR, or annual percentage rate of interest accruing on your loans, the amount for the monthly payment you are required to make, and the fees the lenders and brokers charge for their services.
Consider how much you are able to pay in the long run and how much you can afford at the moment.
See How They Treat You
Pay attention to the way the company reacts to you. Are they pleasant to work with, or difficult? Do they give you a hard time about deals you saw advertised? Do they seem to be friendly, trying to get you the best deal, or are they just trying to get your money?
See What Others Have to Say
Even if they appear friendly at first, it is a good idea to check out what former customers have said about their experiences. Customers will be more honest than employees. You might discover the least-friendly people have the best work ethic and will end up getting you the best deal. Weigh what is important to you as far as the types of people you work with and the type of work they produce.
A good way to find a mortgage company is to ask family, friends or your local bank for suggestions. You can also look into the options that your local bank offers for mortgages.
#PhoenixRealEstate #ChoosingAMortgageCompany
What is Real Estate Due Diligence? - Dealing with a real estate transaction, such as buying a home, ...
Sun, 29 Jan 2017 21:35:10 +0100
What is Real Estate Due Diligence?
-
Dealing with a real estate transaction, such as buying a home, is often a lesson in patience and vocabulary. First time buyers are bound to be confused after hearing so many new words and phrases but it’s important they take the time to understand everything as they undergo the process. One issue which is often overlooked in the chaos of buying a home is due diligence, or the thorough examination of every part of the transaction before the papers are signed for the last time. As a home buyer, there are a number of issues which require your due diligence.
• Look Actively for Problems – As a general rule, the seller will not be responsible for any problems which are not discovered by the seller. Essentially, if you don’t speak up about an issue before you sign off on the final papers, you’re stuck holding the bag. Be sure your home inspection is thorough and don’t be shy about pointing out every last potential problem. This includes plumbing, electrics, sewage lines and foundation health.
• Review All Paperwork – When you receive the paperwork for your home and neighborhood Homeowners Association (if applicable) be sure you review everything in detail. Make sure you understand any rules or regulations about adding onto your home or installing antennas and other outdoor equipment.
• Walk the Line – Once you get the details on your property lines, personally walk along each edge of the property. Check for any issues with neighboring properties which may require an easement.
Speak to your real estate agent about all issues of due diligence, including these. This will help to ensure the final closing of the home sale goes smoothly and you can begin life in your new home stress free.
#PhoenixRealEstate #DueDiligence

rssfeedwidget.com