Beacon Group Staying and Moving Perks Summer 2024
Beacon Group 2024 Moving and Staying Perks What is the Right Place for me? Finding the home you need in the location you want for
One of the most crucial indicators of your financial health is your credit score. It gives lenders a quick snapshot of your credit usage behavior. Your chances of getting approved for new loans or lines of credit will increase as your score rises. Additionally, a higher credit score can give you access to the lowest interest rates when you borrow money.
If you make late payments, no credit improvement plan will work. Even worse, missed payments may appear on your credit records for a period of 7 years.
Even if it might not be payday, it could still be bill-paying day. Consumers can establish a strong history of responsibility by paying their bills on time, and even early, which can make them more appealing to lenders and raise their credit score.
Knowledge is power. Knowing your credit score is the first step in the process of raising your credit score. The three major credit reporting companies, Equifax, Experian, and TransUnion, each offer free copies of your credit reports once a year. Once you have a copy of your credit report, you should carefully review it to ensure that all data and payment/loan history are accurate.
Paying up your credit card balances in full each month is the simplest approach to keep your credit utilization under control. A decent rule of thumb is to maintain your total outstanding balance at 30% or less of your overall credit limit if you can’t always achieve so. The next step is to focus on reducing that to 10% or less, which is recommended for improving your credit score.
Requesting a credit limit increase is another approach to lower your credit utilization percentage. Most credit card companies allow you to submit an online request for a credit limit increase. All you will need to do is update your annual household income. In less than a minute, you might get your increased limit approved. A credit limit increase can also be requested over the phone.
It can be advantageous for you to obtain a debt consolidation loan from a bank or credit union and use it to pay off all of your outstanding bills if you have a number of them. If you can acquire a loan with a reduced interest rate, you’ll be able to pay off your debt more quickly because you’ll only have one payment to worry about. This could raise your credit score and lower your credit use percentage.
It can take some time to build up a good credit score, and for people who are deeply in debt (and may not already have the finest score), crawling up a few points here and there can feel like traveling through molasses. Nevertheless, it all counts.
Beacon Group 2024 Moving and Staying Perks What is the Right Place for me? Finding the home you need in the location you want for
Once your loan is approved and closing is just a few days away, there are several important steps to finalize. You will need to prepare
The mortgage contingency is a crucial component of the home-buying process. It outlines your commitment to securing financing for the property purchase. Specifically, you notify
Book an appointment with us. Reach out now for more info! Call or text Stephanie at (617) 468-7889
Book an appointment with us. Reach out now for more info! Call or text Stephanie at (617) 468-7889
The Beacon Group is a client-driven real estate team working in Greater Boston to help clients buy, sell, and invest in real estate. We provide straightforward, analytical advice, empowering clients to make successful and informed decisions. We provide our buying clients with constructive insights, allowing them to identify the right property and enabling them to make purchase decisions with confidence. Our recommendations to both buyers and sellers are specifically crafted to meet clients’ short and long-term housing and financial goals.
The Beacon Group is a client-driven real estate team working in Greater Boston to help clients buy, sell, and invest in real estate. We provide straightforward, analytical advice, empowering clients to make successful and informed decisions. We provide our buying clients with constructive insights, allowing them to identify the right property and enabling them to make purchase decisions with confidence. Our recommendations to both buyers and sellers are specifically crafted to meet clients’ short and long-term housing and financial goals.
Stephanie Ford-Weems
Cambridge & Boston Commutes
Coldwell Banker
617.468.7889
1000 Mass Ave Cambridge 02138
27 Boylston St Chestnut Hill 02467
