A bad credit score can be a hindrance to your achieving many feats, including home buying and employment. Not building a good credit is risky which is why you need to learn more about it.oliur-745347-unsplash

Your credit history right from the beginning reflects on your credit score. It is possible to repair a bad credit but quite rigorous and slow. It is easier to just build a good credit score over time.

For beginners without credit history, this may be tricky but you are at an advantage.

  • Establish a Credit: With no prior credit history, there are some legal ways you can establish credit.
  1. Get a secured credit card – You are however required to make a cash deposit which will also represent your credit limit. Though temporary, but it will help you get an unsecure credit card.
  2. Find a co-signer – There needs to be an understanding between you and the co-signer because if you fail to repay, the co-owner must. The co-owner should be someone with a good credit score.
  3. Authorized user – You can become some other card user’s authorized user. Friends or family can give you access to their credit cards to help you build your own credit history. You are not legally bound to repay, but it is advisable that you do.
  4. Get a retail store credit card – You have a chance to show you can be responsible at handling money. You need this to reflect on your credit history, watch the interest rates on these cards though.
  5. Apply for student credit cards.
  • Build Credit Without Credit Cards:
  1. Apply for student loans, auto loans or other personal loans to help you build credit. However, you must endeavor to pay up on time or else, you will incur a bad credit score.
  2. Mortgages for home buying and rents are also viable means of kick starting your credit history.
  • Build Your Credit Responsibly: You do not want to adversely impact your credit score when you are building your credit history.


  • Never miss a payment – Even if you can only advance the minimum payment, please do so rather than late payment. Your payment history is a crucial factor on your credit score. Timely payment of credits and bills reflect positively on your credit score.
  • Borrow less – Do not borrow more than you can afford. Owe as little as possible and be responsible in your spending. Endeavor to have low credit utilization rate. Pay off your debt including mortgages when home buying. Don’t move them around to avoid bad credit score.
  • Open fewer new accounts – Do not fall into the temptation of opening numerous new accounts. It will lower your average account age.
  • Check your credit reports – It is pertinent that you request for your credit report from any authorized agencies. There may be errors in your report which you need to dispute with the credit bureau. You will be able to measure your progress with knowledge of your credit reports.


As you build your credit –

  • Get useful credit cards, manage them wisely and don’t let them go unused.
  • Leave your accounts open as this enhances your credit score.

4 Things You’ll Learn After Buying a Home

When you move into home ownership, there are some things you might not expect. Here are 4 things you’ll learn after you buy a home.


  1. Recycling & Trash. Not all cities or counties provide trash and recycling which means you’ll have to pay the government or hire a private service to pick up your trash. This service is usually not too expensive, but it may lawnmower-384589_640
  2. be an expense you hadn’t anticipated.
  1. Air filters. If you’ve lived in an apartment before buying your first home, your landlord probably changed out your air filters in both your heating and cooling systems. Filters need to be changed every 4 to 6 weeks.
  1. Yard maintenance. Many first time home buyers dream of having a big back yard, but many forget to consider the maintenance that goes into the upkeep. You have to mow the lawn, weed, trim bushes, rake leaves, and everything else that goes into yard maintenance.
  1. Furniture overload. One mistake many new homeowners make when they first move into their new home is overextend themselves on buying tons of furniture and going into credit card debt. Before you give into the urge to buy, buy, buy, take some time to live in the space. Once things have settled down you can better determine what furniture you want and what pieces you can wait on.

Homeowners, tell us below about some of unexpected things you learned after buying your first home.

4 Rookie Mistakes To Watch Out For When Buying A Home

houses-336436_1280Getting ready to buy your first home? This can be an exciting time, but it can also leave you feeling overwhelmed. While you’re searching for your dream home, here are 4 rookie mistakes to avoid which could end up costing you a lot of money.

  1. Getting too emotionally attached. Buying a home is a huge investment. Because of that, take some time to look at several homes that you love so if one falls through there are other choices.
  1. Assuming you have no rules to follow as a homeowner. Some homes have deed restrictions that come with conditions. Take some time read and understand the restrictions before signing any paperwork.
  1. Not saving enough money. Saving up enough money for a down payment is a big deal, but you should also save a few months worth of mortgage payments in reserve. Putting money aside is also a great idea for any household essentials you may want to get once you’ve moved into your new home.
  1. Not getting preapproved for a loan. You’ve probably crunched the numbers and know how much you can afford, but if you want your offer to be taken seriously by the seller, get a proof of income and assets from your lender. This can be a simple pre-approval letter to show the lender your trustworthy.

If you need to apply for a home loan, getting pre-approved before approaching a real estate agent (or searching for your dream home) is a smart move.

Want to learn what other rookie mistakes to avoid? Check out this article by Home Value Plus.

Make 2016 Your Year To Buy A Home

If you’ve been considering buying a home, now is the time to do it. According to, Utah’s strong economy and affordable housing market has even appealed to millennials, those between 25 and 35, who are moving closer to home ownership. In the same report by, millennials have already purchased an estimated 39.8% of new homes. real-estate-516768_640

Entering into home ownership, especially for first time home buyers, can be an intimidating experience. As you move forward in the process of becoming a homeowner, take a moment to ask yourself some important questions to ensure you’re ready to make this move. If you’re not properly prepared, home ownership can stretch you a little too thin financially.

Once you’ve decided you still want to make the move towards owning a home, talk with your bank, credit union, or mortgage officer about getting pre-approved. This is something you’ll want to do before you start looking for your dream home so you’ll know how much you can afford. This will prevent you from getting discouraged if you’re looking at homes outside of your price range. During this time, keep in mind of any additional costs and taxes which may come up.

After you have a clear idea of how much you can afford, now is the time to hire a real estate agent to assist you in finding your perfect home. Before you hire an agent, make sure you’re hiring the best, most qualified, agent for you. Ask your friends, family, and co-workers who’ve they’ve used in the past and if they’d use them again. Don’t be afraid to ask the real estate agent questions and ask for references. Home ownership is a huge investment so you want to make sure you do your due diligence.

If you’re ready to buy a home, we are here to answer your questions. Give us a call today and let us show you want we can do for you. 

3 Important Factors To Consider When Deciding To Buy A Home

Are you ready to buy a home, but are unsure how much of a home loan you can handle? When it comes to buying a home, there is a lot that goes into the home owning process. Between applying for a loan, finding the perfect home, and navigating through the twists and turns of the entire process. 04-04-21-891_640

Before applying for a home loan, review your FICO score. Depending where your FICO score falls, will determine if you qualify for a loan, how much you’ll get, and what your interest rate will be. To find out what you qualify for, speak with your loan officer at your bank or credit union or a mortgage lender to find out where your score falls.

Another important term to know when deciding if you qualify for a home loan is your debt-to-income ratio. A general rule of thumb, when it comes to mortgage loans, is to avoid dedicating more than 28% of your monthly take-home income.

While you’re calculating your debt to income ratio and finding out how much of a home you can afford, take a moment to consider future expenses. Don’t stress yourself more than stretching yourself too thin where you’re struggling to pay your bills or save for retirement.

After you’ve weighed all the factors and decided you’re ready to move forward towards home ownership, a real estate agent can help you find the perfect home.

Give us a call today and let us help you find a place to call home.

Why You Should Hire An Agent

padlock-166882_640There a lot of benefits of working with a real estate agent. One being the experience and inside knowledge they have about the housing market to help you navigate the twists and turns. If you’ve been hesitate to hire an agent here are a few things to consider.

An agent can help you navigate around the changing housing market, negotiate terms, and deal with the paperwork. In addition, agents can help improve your curb appeal. Staging is important when it comes to selling a home and an agent can offer insights for improving your home to make it stand out to potential buyers.

By law, real estate agents are required to pass a state exam and become licensed. Agents are also required to take classes to stay current with market trends.

Ready to buy? Sell? Have a lot of questions? We are here to answer all your questions. Give us a call today and let us help you start the process of selling your home or helping you find your dream home.

Understand the Preapproval Process

When it comes to buying a home, we all know the importance of getting preapproved, but how do you go about it? Before setting off on house hunting, talk to your bank, credit union, or mortgage officer to find out if you are pre-approved.contract-945619_640

Prequalified vs. Preapproved

These two terms can be confusing, but they are good to know especially when you are getting serious about buying a new home. Prequalifying is the initial screening by the lender. During this process, you will submit basic information for an estimate of how much you might be able to afford. However, it won’t hold much weight when you go to make an offer on a home.

Preapproval takes the process a step farther and requires some additional financial information. In some cases you may be asked to provide tax returns, bank statements, and employment verification. Remember, although a preapproval proves that a lender is willing to make you a loan, it is not official until the application process is complete.

Once you receive your letter, these will usually expire within 90 days, and how much you qualify for, you can start making a serious offer on a home.

Are you ready to move forward in the home buying process? Give us a call today to find out what we can do for you.

10 Questions to Ask Before Making an Offer on a Home

There are a lot of things that go into buying a home from getting pre-approved, hiring an agent, deciding what features your dream home will have, among so many other things. With everything that is going through your mind, there is a good chance you will overlook some important factors.

The next time you view a home, here are some questions to keep in mind:checkbook

  1. Why is the house for sale?
  2. How old is the roof? When was it last replaced?
  3. Have you had any problems with roaches, termites, or any other pests?
  4. What are the monthly utilities bill costs?
  5. Has the sewer ever backed up? Any plumbing problems?
  6. How much installation is in the attic?
  7. How old is the water heater? When was it last replaced?
  8. When was the last time to home was tested for mold?
  9. What are the neighbors like?
  10. Does the home have a septic tank? When was the last time it was pumped? Any problems with it?

Your Real Estate Agents Role and Hiring the Right One for You

Selling your home is a wonderful and stressful time. Hiring an agent to help you sell your home is the best move you can do to make the whole process simpler. Agents are ready to answer your questions, negotiate on your behalf, and ensure all legal paperwork are completed. But how do you know you are picking the best real estate agent?

When choosing your agent, here are some questions to ask to know if they are the right fit:

    • How long have you been in residential real estate sales?
    • How many homes did you and your real estate brokerage sell last year?
    • What types of specific marketing systems and approaches will you use to sell my home?
    • Can you recommend service providers who can help me obtain a mortgage, make home repairs, and help with other things I need done?

Check out REALTOR Mag for the complete list of questions to ask. What are some questions you wished you’d asked before hiring a real estate agent?