TEST YOUR CREDIT SCORE KNOWLEDGE

What is a credit score?

All credit active people have a profile. This is a summary of your history with every credit provider you’ve ever dealt with, and serves as a record of how well you’ve managed your accounts like loan repayments, overdue debts, how often you’ve asked for credit and the kinds of loans or credit you’ve applied for, and the frequency of your applications.

How it works?

Credit reporting providers summarize your profile into something called a credit score. The score is between 300 to 850, where the higher the number, the more likely you are to be able to repay a loan. Lenders look at your credit profile and score to find out about your credit history and behavior, and assess if you are able to take on a new loan. This information reassures lenders that you’re good at paying money back to those you’ve borrowed from.

A good score not only makes you more likely to get approval on your home loan application – but it also means you’ll qualify for a better interest rate. Of course, the other side of the coin is that if you have a poor score, you will be less likely to qualify for any new loans. This protects the lender and those with low scores from taking out additional loans and overextending themselves and getting into more debt. In short, you’ll need to have a good credit score rating for your home loan application to be approved.

It’s therefore a good idea to first find out what your credit score is before applying for a loan, and to give yourself time to improve it before approaching a lender.

How to improve your score?

Improving your credit score starts with looking at your current financial situation and ways to improve it. Getting into a good credit position before you apply for a loan can help increase the likelihood of you getting approved.

You can improve your score by:

  • lowering your credit card limits
  • consolidating multiple personal loans and/or credit cards
  • limiting your credit enquiries
  • paying your rent and bills on time
  • paying your mortgage and other loans on time
  • paying your credit card off in full each month

To avoid any surprises, be prepared and know your credit score.

Written by Lisa S. Brought to you by EzineArticles.

SAVING UP FOR A DOWN PAYMENT ON YOUR NEW HOME

SAVING UP FOR A DOWN PAYMENT ON YOUR NEW HOME

If you have decided that you want to purchase a new home, your first step is to save up for a down payment. This can be a particularly overwhelming thought. But with motivation and some hard work, you can have that … Continue reading

MORTGAGE BASICS FOR THE FIRST TIME BUYER

MORTGAGE BASICS FOR THE FIRST TIME BUYER

Understanding the concept Mortgages are what a lot of people use to buy their home. Mortgages have been instrumental in helping many people, by making that unaffordable house affordable. Some real estate investors make use of mortgages for buying properties. However, … Continue reading

HERE’S HOW DEBT CONSOLIDATION CAN HELP YOU

HERE’S HOW DEBT CONSOLIDATION CAN HELP YOU

Falling into the trap of unmanageable debt is a very common situation nowadays. It is a proven fact that more than 45% of people in the US spend more than what they earn. Climbing out of the trap of debt … Continue reading

SPRING CLEANING TIPS – GET YOUR SPRING CLEANING DONE FAST!

SpringClean[1]

Alright, so we all know that we have to do spring cleaning on our house if we want our house to be clean and less stressful. If you are like me then some of the cleaning gets put off a bit in the winter with the rationalization the we have to be able to open the house up some to really get our house clean.

No more procrastinating. We can get fresh air in our homes and get our house clean but don’t spend more time than you need to.

So without further ado here are some spring cleaning tips to get your housework done fast.

1. The first spring cleaning tip is to make a list of what you want to accomplish.
For me this makes my work go super quick. Why you ask?

Good question!

When you make a detailed list of what you want to accomplish you will spend way less time wondering around your house doing this or that’s. You need focused effort when doing spring cleaning or it will take forever.

So how do you make your spring cleaning checklist?

Well the first thing you need to do is to walk around each room and look at what you have not cleaned in a while. This includes fans, under couches, walls, etc. Don’t forget the corners at the ceilings.

A great way to get cobwebs is simply with a broom. A broom will reach up to the top of the wall with no problem so that means no climbing for you.

Go through each room and make a checklist of what you need to accomplish that way you can systematically go through each room and get it done.

When you try to do spring cleaning without a checklist you will end up going from thing to thing without ever really finishing your first job.

2. Make sure you use the right cleaners for the job.

A common mistake made when cleaning (and I used to be guilty of this too) is that we use one or two multipurpose cleaners to clean everything in the house. As far as spring cleaning tips goes this is important because using a multi cleaner for everything means that you will be spending way to much time scrubbing when you do not need to.

So what kind of cleaners should you be using for your spring cleaning?

You want to make sure that the cleaners you are using are the appropriate ones for the job. For example, if you are cleaning the bathroom you should be using a bathroom cleaner that is made for soap scum. If you are not then you are going to be spending way to much time getting your shower clean.

If you are trying to get your floor back to it’s original color make sure you use a floor cleaner and actually use a scrub brush instead of just a mop. You will spend less time spring cleaning your kitchen floor with a scrub brush then you would trying to get it sparkling clean with a mop and it will come out nicer.

3. To end the list of spring cleaning tips is painting your walls.

Technically this is not cleaning but painting your walls is an easy, inexpensive way to really make your house shine and it is perfect to do in the spring because you need to be able to have your windows open to paint.

If you would like your house to have a light airy feel to it choose a light color. If you have found a darker color that you absolutely love then paint one of your four walls with the darker color and the rest a lighter color. The contrast will be stunning.

Brought to you by Ezinearticles

 

CARBON MONOXIDE DETECTORS/ALARMS ARE REQUIRED

RCW 19.27.530 requires that all Sellers of owner occupied properties in WA State must equip the home with a carbon monoxide (CO) detector before a Buyer may legally occupy the residence following the sale and all residential rental properties must also be equipped … Continue reading