RE/MAX Executive Realty



Posted by RE/MAX Executive Realty on 6/16/2019

If you are thinking of buying a home in the near future, thereís one three-digit number that could be oh so important to you. That number is your credit score. Read on to find out how a credit score can affect you and the steps you can take to be sure that your credit is in good standing when you head to apply for a mortgage. 


What Is A Credit Score?


Your credit score is checked by lenders of all kinds. Every time you apply for a loan or a credit card, thereís a good chance that your credit score is being pulled to see if you qualify for the loan. Your credit score is calculated based on the information on your credit report. This information includes:


Payment history

Debt-to-credit ratio

Length of credit history

New credit accounts opened


The areas with the most impact on your score is your payment history and your debt-to-credit ratio. This means that on-time payments are super important. You also donít want to get anywhere close to maxing out your credit cards or loan amounts to keep your score up. 


Whatís A Good Score?


If youíre aiming for the perfect credit score, itís 850. Most consumers wonít reach that state of perfection. Thatís, OK because you donít have to be perfect to buy a house. If your score is 740 and above, know that youíre in great shape to get a mortgage. Even if your score is below 740 but around 700 or above, youíll be able to get a good interest rate on your mortgage. Most lenders typically look for a score of 620 and above. Keep in mind that the higher your credit score the better your interest rate will be.    



What If You Lack Credit History?


Most people should get a credit card around age 20 in order to begin building credit. You can still qualify for a mortgage without a credit history, but it will be considerably harder. Lenders may look at things like your rent payments or car payments. Lenders want to know that youíre a responsible person to lend to. 


What If Your Score Needs Help?


It doesnít mean youíre a hopeless case if you lack good credit. Everything from errors on your credit report to missed payments can be fixed. The most important thing that you can do if youíre buying a home in the near future is to be mindful of your credit. Keep an eye on your credit report and continue to make timely payments. With a bit of focus, youíll be well on your way to securing a mortgage for the home of your dreams.        






Tags: mortgage   credit score  
Categories: Uncategorized  


Posted by RE/MAX Executive Realty on 6/9/2019

Getting about and experiencing the sights and sounds gets you out of the house and away from screen time for a while. You can find many low-cost and no-cost family-friendly experience in your area if you know where to look. Whether it is inside or outside activities you want you can find new and different ways of spending family time not the family fortune. With a little research, you can locate anything from hidden parks, museums, art lessons, story times and even live theater all at a nominal fee or free. 

Where do I Look?

Start your search online. Several sources keep track of specific areas. If you look at your community or chamber of commerce website, you'll likely find a list of local free events. When you are at your children's dentist or physician's waiting room look around for publications that list local children's services and activities. Your local library is a great resource. The library offers many free events and will have information about your area that you can use to discover places to visit. Donít be shy about calling around to places and asking about free introductory lessons. Always utilizes your friends and neighbors, ask them what they have enjoyed doing with their kids and what they would recommend. Local faith-based organizations may offer community events free of charge and fun for all ages, check online for event information and details. 

What is There to Do?

In addition to the library check into the areas park and recreation programs. Parks departments can direct you to family-friendly hiking trails or areas of local interest. These places could be a geographic feature you never noticed or sites of historical significance. Many regions offer through the school district, free lunch programs during the summer months. Utilizing the program is an excellent way for kids to grab free lunch and then play with friends they have missed, for free! Check with any museums for free or special discounted days or programs. If your area has a college campus, you can look at the calendar of events of all sorts and usually offered free of charge. The college campus can provide anything from sports to art exhibits to guest lectures for your older kids. Many malls these days host evenings with activities for all different ages and have indoor play areas for younger kids to play and meet new friends. 

If youíre new to the community, check with your realtor for any local points of interest or family-friendly hidden gems to enjoy.




Tags: family fun   community   budget  
Categories: Uncategorized  


Posted by RE/MAX Executive Realty on 6/9/2019

Getting the perfect baby shower gift ideas for a new mum can be tough because of all the options available. Childbirth is an exhilarating experience, and the gifts from the baby shower are an excellent way to prepare for birth. Several baby shower gifts will bring a smile to the expectant mother's face. These thoughtful yet straightforward baby shower gift ideas also will not burn a hole in your pocket. 

Super Soft Bunny Comforter

This amazing comforter comes in various colors suitable for the little bundle of joy. It is incredibly soft and has an embroidered bunny head complete with long floppy ears. This gift idea for baby boys is one that they can use them right from birth till they grow up a little. The bunny head is also a fun toy that can keep babies occupied and happy.

Waterproof Fleece Lined Buggy

This baby carriage is the perfect gift to keep babies comfortable and cozy. This waterproof Fleece Lined Buggy is ideal for cold days as it comes with one fleece-lined side and another waterproof side. The Waterproof Fleece Lined Buggy Cozy gives you two looks for a single price. You also get two textures to choose from, and whatever the weather, the baby can get the cozy, snug feeling. It is effortless to attach and can be customized to fit any buggy. You can use this for babies up to 3-year old boys. Maintenance is also easy because you can clean in the washing machine and it dries quickly too because of its polyurethane coating.

Baby Boy Wooden Memories Keepsake Box

Here is a beautiful gift to help keep a baby boyís valuables. All collectibles and small gift items that you might want to hold on for your baby till he comes of age. The nice hinge allows easy opening and storage for all his little keepsakes.

Blue Baby Tag Blanket with Planes

This blue baby tag blanket comes designed with various color tags. Made of soft cotton mix fabric, it features terrific plane print fabrics. This blanket is quite soothing for babies as they get cozy with how the tags feel while holding it. 

Silicone Baby Teether

Available in many different colors, this teether has a body of soft hygienic silicone that helps babies get some comfort from their teething issues. It has many points for holding, and the design is safe for babies to help it avoid becoming a choking hazard.

Don't ever go to a baby shower empty handed. Visit a nearby mall and find any these gift ideas.




Categories: Uncategorized  


Posted by RE/MAX Executive Realty on 6/9/2019

If this is your first time buying a home, you might feel a bit intimidated by the purchase contract. Contracts are often filled with industry and legal jargon, making them difficult to understand for the average buyer and seller.

Contingencies in particular give some buyers cause for concern because their contract depends on the contingencies being fulfilled. However, in most cases contingencies are pretty standard and only serve to protect the interests of both the buyer and seller during a real estate transaction.

In todayís post, Iím going to give you an introduction to contingency clauses and break down some of the most common contingencies youíll find in todayís real estate purchase contract.

Contingency clause definition

Simply stated, a contingency clause is a statement within a contract that requires a certain event takes place before the contract is considered legally valid. As a result, contingency clauses are used to cancel or invalidate a contract if certain conditions arenít met before the sale is made final. So, if one party fails to meet the obligation of the contingency, the other party is no longer bound by the contract (or required to buy or sell the house).

Contingencies can get confusing when they are vaguely worded in the contract, making them difficult to interpret. In these cases, a court may decide the specific meaning of the clause or determine that it is too vague to be legally upheld.

The other instance in which contingency clauses can be confusing is when a party includes a contingency that is atypical for a real estate purchase contract. Buyers and sellers alike should be wary of unusual contingencies.

The main contingencies

  • Appraisal contingency. Designed to protect the buyer, appraisal contingencies require that a home is appraised at a minimum amount, which is stated in the contract.

  • Financing contingency. Another contingency geared toward protecting buyers is the financing contingency. It states the number of days that a buyer has to secure financing for the home. This allows the buyer to cancel the contract (and offer) if theyíre unable to secure suitable financing for the home.

  • Inspection contingency. One of the most important and most common contingencies is the inspection contingency. It allows the buyer to have the house inspected by a licensed professional within a certain number of days. This protects the buyer against unforeseen expenses and repairs that will need to be made in the near future.

  • House sale and kick-out contingencies. A house sale contingency gives the buyer a certain number of days to sell their home before financing a new one. However, since this can be a risky clause for sellers, a kick-out clause is often included. This contingency allows the seller to keep the home on the market and entertain other offers while the buyer secures financing and sells their other home or homes.





Categories: Uncategorized  


Posted by RE/MAX Executive Realty on 6/2/2019

Filling out a mortgage application may prove to be a long, arduous process, particularly for those who are buying a house for the first time. Lucky for you, we're here to help you dot the I's and cross the T's on your mortgage application to ensure you can quickly and effortlessly acquire your dream house.

Now, let's take a look at three tips to help you prepare your mortgage application.

1. Be Diligent

A mortgage application may appear daunting at first. The application may include several pages of questions, and you may have only a limited amount of time to finalize your submission.

When it comes to completing a mortgage application, it generally pays to be diligent. If you answer each mortgage application question to the best of your ability, you likely will have no trouble moving forward with your home purchase.

2. Avoid Guessing

If you're uncertain about how to respond to certain mortgage application questions, there is no need to guess. Instead, search for the information that you need to provide a comprehensive response. This will help reduce the risk of encountering potential problems down the line that otherwise could slow down your home acquisition.

Remember, guessing on a mortgage application probably won't do you or your lender any favors. But if you allocate the necessary time and resources to understand mortgage application questions and provide thoughtful responses, you can minimize the risk of application errors.

3. Ask Questions

Completing a mortgage application sometimes can be tricky. Fortunately, a lender employs mortgage specialists who are happy to respond to your application concerns or questions at any time.

If you're unsure about information that is requested on a mortgage application, don't hesitate to reach out to a lender's mortgage specialists for help. These specialists possess extensive mortgage expertise and can help you complete a mortgage application.

Furthermore, mortgage specialists can offer insights into a wide array of mortgage options. These specialists can explain the differences between fixed- and adjustable-rate mortgages and enable you to select the right mortgage option based on your financial situation.

As you prepare to buy a house, you may want to consult with a real estate agent as well. In fact, with a real estate agent at your side, you can seamlessly navigate the homebuying process.

A real estate agent understands exactly what it takes to acquire a house, regardless of the finances at your disposal. This housing market professional can set up home showings, help you submit offers on houses and ensure you can purchase a residence that matches or exceeds your expectations. And if you need help getting a mortgage, a real estate agent may even be able to connect you with the top lenders in your city or town.

Ready to move forward in the homebuying journey? Use the aforementioned tips, and you can finalize a mortgage application and secure the financing that you need to acquire your ideal residence.




Tags: Buying a home   mortgage  
Categories: Uncategorized  




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