My goal is to share my knowledge of the real estate industry as well as available properties. I am happy to answer any questions you may have.
Feel free to call or text me at 440-346-2031.
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Monday, November 30, 2020
Friday, November 27, 2020
Thursday, November 26, 2020
Wednesday, November 25, 2020
Tuesday, November 24, 2020
Monday, November 23, 2020
Friday, November 20, 2020
Thursday, November 19, 2020
Open Houses!
Open Houses for November 22, 2020
10595 Mount Royal Dr, Concord
Open 11-3pm
$799,900
5bd 5ba
Call 440-283-7557
11130 River Rd, Chardon
BY APPT
$975,000
4bd 4ba
Call 440-296-5006
8320 Tewksbury Ln, Concord
BY APPT
$1,100,000
3bd 2ba
Call 440-296-5006
1608 Roselawn Rd, Mayfield Heights
BY APPT
$119,900
3bd 2ba
Call 440-296-5006
602 Sandtrap Cir, Painesville Twp
BY APPT
$115,900
3bd 3ba
Call 440-296-5006
4600 Anderson Rd, South Euclid
BY APPT
$300,000
3bd 2ba
Call 440-296-5006
V/L Adkins Rd, Willoughby
BY APPT
$329,900
3bd 3ba
Call 440-296-5006
V/L A T Hill Place, Willoughby
BY APPT
$439,900
4bd 3ba
Call 440-296-5006
V/L Edward Walsh Dr, Willoughby
BY APPT
$409,900
3bd 2ba
Call 440-296-5006
V/L Margaret Walsh Ct, Willoughby
BY APPT
$449,900
4bd 3ba
Call 440-296-5006
38543 North Beachview, Willoughby
BY APPT
$599,900
3bd 3ba
Call 440-296-5006
35800 Maplegrove Rd, Willoughby Hills
BY APPT
$274,900
5bd 3ba
Call 440-296-5006
Can You Buy a House With a High Income and Low Credit Score?
A mortgage lender looks at several factors when deciding whether to approve a loan application. A lending institution wants to know that a borrower has both the ability and the will to repay debts. If you have a high income and a low credit score, a lender may have reservations about approving your mortgage application.
How a Lender Looks at Income and Credit Score
A lender adds up the costs of housing, car payments, student and other loans, and credit card payments and divides the total by an applicant’s gross monthly income to arrive at a percentage known as the debt-to-income ratio. Some lenders require a low debt-to-income ratio, while others are much less stringent.
A credit score reflects a person’s payment history and use of credit. Someone may have a high income, but that doesn’t mean much if the individual spends money frivolously instead of paying bills. A low credit score is a red flag that can cause a lender to think that a loan applicant doesn’t know how to handle money responsibly. A person with a low credit score is more likely to make payments late or miss them altogether than someone with a higher credit score.
How to Qualify for a Mortgage With a High Income and Bad Credit
Credit reports sometimes contain errors because information was reported incorrectly, wasn’t reported at all, or got mixed up with someone else’s information. You’re entitled to receive a free copy of your credit report from each of the three major credit bureaus once a year. Check your reports for errors that could be lowering your scores. If something doesn’t look right, dispute it so the mistake can be corrected.
You can also hold off on buying a house and take some time to pay down debt and boost your credit score before you apply for a mortgage. That’ll help you get a better interest rate and avoid paying tens of thousands of dollars in additional interest over the life of your mortgage.
If you want to buy a house soon but are concerned about your low credit score, you can apply for a mortgage through a lender that is forgiving. The Federal Housing Administration, U.S. Department of Veterans Affairs, and U.S. Department of Agriculture offer loans to borrowers with low credit scores. If you have bad credit, you should expect to pay a higher interest rate than someone with a better credit score. Making a large down payment could reduce the loan-to-value ratio and make the loan less risky for the lender, which might help lower your interest rate.
Explore Your Options
Lenders will look at your entire financial picture when deciding whether to approve your mortgage application. A combination of a high income and a low credit score may be a red flag. Work on improving your credit, explore options for borrowers with poor credit, or save as much as possible for a down payment to improve your chance of being approved for a home loan.
Wednesday, November 18, 2020
Tuesday, November 17, 2020
Monday, November 16, 2020
Friday, November 13, 2020
Open Houses!
Open Houses for November 15, 2020
10595 Mount Royal Dr, Concord
Open 11-1pm
$799,900
5bd 5ba
Call 440-283-7557
8320 Tewksbury Ln, Concord
Open 11-1pm
$1,100,000
3bd 2ba
Call 440-479-7379
11130 River Rd, Chardon
BY APPT
$975,000
4bd 4ba
Call 440-296-5006
875 Buffalo St, Conneaut
BY APPT
$125,000
3bd 2ba
Call 440-296-5006
5415 Stoney Lane #33, Perry
BY APPT
$129,900
3bd 2ba
Call 440-296-5006
763 N Elmwood Ave, Wickliffe
BY APPT
$149,900 NEW PRICE!
3bd 2ba
Call 440-296-5006
V/L Adkins Rd, Willoughby
BY APPT
$329,900
3bd 3ba
Call 440-296-5006
V/L A T Hill Place, Willoughby
BY APPT
$439,900
4bd 3ba
Call 440-296-5006
V/L Edward Walsh Dr, Willoughby
BY APPT
$409,900
3bd 2ba
Call 440-296-5006
V/L Margaret Walsh Ct, Willoughby
BY APPT
$449,900
4bd 3ba
Call 440-296-5006
38543 North Beachview, Willoughby
BY APPT
$599,900
3bd 3ba
Call 440-296-5006
2856 Camelot Ct, Willoughby Hills
BY APPT
$325,000
3bd 3ba
Call 440-296-5006
Thursday, November 12, 2020
Wednesday, November 11, 2020
Tuesday, November 10, 2020
Monday, November 9, 2020
Friday, November 6, 2020
Thursday, November 5, 2020
Open Houses and Price Reduction!
Open Houses for November 8, 2020
10595 Mount Royal Dr, Concord
Open 2-4pm
$799,900
5bd 5ba
Call 440-283-7557
5415 Stoney Lane #33, Perry
Open 12-3pm
$129,900
3bd 2ba
Call 440-413-0588
763 N Elmwood Ave, Wickliffe
Open 12-2pm
$159,900
3bd 2ba
Call 440-813-5762
2856 Camelot Ct, Willoughby Hills
Open 2-4pm
$325,000
3bd 3ba
Call 440-537-6671
13122 Ravenna Rd, Chardon
BY APPT
$250,000
4bd 2ba
Call 440-296-5006
11130 River Rd, Chardon
BY APPT
$975,000
4bd 4ba
Call 440-296-5006
V/L Adkins Rd, Willoughby
BY APPT
$329,900
3bd 3ba
Call 440-296-5006
V/L A T Hill Place, Willoughby
BY APPT
$439,900
4bd 3ba
Call 440-296-5006
V/L Edward Walsh Dr, Willoughby
BY APPT
$409,900
3bd 2ba
Call 440-296-5006
V/L Margaret Walsh Ct, Willoughby
BY APPT
$449,900
4bd 3ba
Call 440-296-5006
38543 North Beachview, Willoughby
BY APPT
$599,900
3bd 3ba
Call 440-296-5006
35800 Maplegrove Rd, Willoughby Hills
BY APPT
$274,900
5bd 3ba
Call 440-296-5006
Price Reduction
875 Buffalo St, Conneaut
$125,000 NEW PRICE!
Improve Your Credit Score Before You Start House Hunting
If you want to buy a house and you’ll need to take out a mortgage, getting your credit score as high as possible should be a top priority before you begin searching for a home. Your credit score will be used to set your interest rate, so be sure to stay on top of it.
Check Your Credit Reports for Errors
Start by requesting copies of your credit reports from the three credit bureaus: Equifax, Experian and TransUnion. Check them for inaccurate information and dispute any errors. It’s important to check all three credit reports since the bureaus may have different information.
Pay Down Debt
Your credit utilization ratio is calculated by dividing the sum of your credit card balances by the sum of your credit limits to arrive at a percentage. A lower utilization ratio will translate into a higher credit score.
If you’re using a lot of your available credit, work on paying down your debt. You can do that by cutting expenses, looking for a second job or side gig, applying gifts or income tax refunds to your credit card bills, selling some of your belongings or consolidating high-interest credit card balances into one loan with a lower interest rate.
Pay Bills on Time
Your payment history is another important piece of your credit score. Late payments, accounts in collection, bankruptcies and other derogatory marks can stay on your credit report and affect your score for different periods of time. Pay your bills on time each month. If you have any past-due bills, pay them off or contact the companies and work out repayment plans.
Keep Old Accounts Open
Credit bureaus consider the length of your credit history when calculating your score. If you have old credit cards that you don’t use often, don’t close the accounts. That would shorten the length of your credit history and would also reduce your available credit and increase your credit utilization ratio. Keep old accounts in good standing by making occasional purchases.
Be Careful With New Credit
Applying for a new credit card could be helpful, especially if it would allow you to transfer high-interest balances to take advantage of a lower rate. Just don’t apply for too many new accounts in a short period of time. That could hurt your credit score since lenders might think you were struggling financially or couldn’t handle credit responsibly.
Give Yourself Time to Work on Your Credit
The length of time it will take to raise your credit score and how much you will be able to increase it will depend on your current score, your payment history, your debt level, your income and how much you can afford to apply toward existing debts each month. Think of boosting your credit score as a medium- to long-term endeavor. Create a plan to address any problems so you can achieve your goal of owning a home.
Wednesday, November 4, 2020
Tuesday, November 3, 2020
Today's New Listings!
34645 Willow Creek Pl, Willoughby - $399,000 1331 Bennett Rd, Madison - $329,900 7165 Hawthorne Dr, Mentor - $274,900 4423 Ashwood Ave...
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9956 Johnnycake Ridge Rd #C2, Concord - $135,000 7651 Thorntail Ct, Concord - $435,000 1370 E 348th St, Eastlake - $159,900 10236 Hoba...
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7249 Button Rd, Concord - $399,900 7768 Jo Ann Dr, Concord - $499,900 34403 Iris Ln, Eastlake - $249,900 SL 109 Bedaos, Mentor - $408...
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34645 Willow Creek Pl, Willoughby - $399,000 1331 Bennett Rd, Madison - $329,900 7165 Hawthorne Dr, Mentor - $274,900 4423 Ashwood Ave...