Lavon did a fantastic job. I couldn't of asked for better service.
Emily & Jose P. – San Diego, CA
The homes were great and Marie was very professional, not pushy but extremely knowledgeable and helpful.
Tracy and Steve S. – Hemet, CA
We really liked the double wide models at Ma Williams, Marie did a good job, we enjoyed the visit.
Jeff & Ingrid B. – Riverside, CA
I was very impressed with Tony and the knowledge he has about everything.
John M. – De Luz, CA
Lavon will be the first person we go and see when we're ready to purchase. Lavon was absolutely wonderful. She opened so many doors and gave us more information than we would have ever imagined we needed. She is just full of knowledge! She exposed us to so many different options to think about when we do put a home on our land. We look forward to working with her next year!
Paul and Stephanie R. – Winchester, CA
In our previous blog, we discussed the importance of your credit score, and how it helps determine whether you are qualified for a home loan, the interest rate on that loan, and how much you’ll need to raise for a down payment.
If your score isn’t where you’d like it to be, there are steps you can take to improve it. Some are quick and easy, others may take a little longer to achieve, but all of them will make a difference.
Try these five tips for improving your credit score.
If you’re lucky, there may be errors that can be challenged and corrected. It happens more often than you might think, because of identity theft or simple creditor mistakes. Make sure to order copies of your credit report from all three major credit bureaus – Equifax, Experian, and TransUnion. You can’t be sure which one a lender will use to determine your credit status.
When you open a credit card account, the assumption among lenders is you need money and may be in a difficult financial position. That may not be your situation, but what is important here is how it may be perceived. Having few or no recently opened accounts indicates financial stability, which can boost your credit score.
As for your current credit cards – keep them, as long as the total amounts owed are not too severe. While it might seem like a good idea to pay one off, that will likely not have a positive impact on your credit score. Having open credit accounts that show a history of on-time monthly payments is more important.
Whether it’s picking up the restaurant tab at a lunch with friends or buying a new refrigerator, every credit card purchase you make raises your credit utilization rate, and that rate makes up 30% of your credit score. The higher the rate, the more likely it will reflect badly on your credit report. Experts recommend keeping that rate at 30%, which means using only 30% or less of the credit available to you. For instance, if you have a credit card with a credit limit of $5,000, try to keep the balance you owe at $1,500 or less.
If you are late on any bill payments, catching up should be your top priority. Whether it’s a car payment, credit card, or some other ongoing debt, there are few things that trigger alarm bells for credit bureaus as loudly as a pattern of late payments.
We know “Pay down debt” and “Start making payments on time,” is much easier said than done for many people, especially after a year of COVID amidst lost jobs and income. If your financial situation is challenging right now, there are organizations that can help you by putting together a repayment plan that could also lower the amount you owe. The National Foundation for Credit Counseling is one of several sources for this type of assistance.
Once you begin the process of lowering debt, paying bills on time and maintaining a low credit utilization rate, your credit should start to improve in as little as 1-3 months.