5 Factors That Decide Your Credit Score
Credit scores range between 200 and 800, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect your score: 1. Your payment history. Did you pay your credit card obligations on time? If they were late, then how late? Bankruptcy filing, liens, and collection activity also impact your history. 2. How much you owe. If you owe a great deal of money on numerous accounts, it can indicate that you are overextended. However, it’s a good thing if you have a...
Read MoreUnderstanding Energy Efficient Mortgages
Ever heard of an energy efficient mortgage? EEMs, formally introduced by the Federal Housing Administration in 1995, help consumers save money on utility bills by enabling them to finance the cost of energy-efficiency features for their new or existing homes as part of their FHA-insured home purchase or refinanced mortgage. This program was popular when first introduced but it is underutilized today, which has some scratching their heads. In fact, the U.S. Department of Energy...
Read MoreWhat’s the difference in just 1% in your interest rate?
A lower interest rate can save you a lot! Low interest rates can save you a lot of money! The fact is that a small difference in interest rates will have a dramatic affect on how much home you can afford. The only question now is…what happens when you look back at this time in the market, and realized that it was the perfect time to purchase a home? A 1% difference in your interest rate can save you a lot of money! Look at the example above. We looked at a 30 year mortgage for $150,000 at...
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A consummate professional, Alexis takes the time to listen carefully to her clients’ unique needs, then uses her extensive market knowledge and analytical skills to develop an effective plan of action that gets desirable results. Recognizing that every client has different goals, Alexis looks forward to exceeding expectations and helping you achieve success.