Really Care Realty is located in Sunnyvale, CA, within the heart of Silicon Valley in Northern California, and provides residential real estate solutions, mediation, and counseling.
Financial Advice:
To invest in property, it's necessary that a simple system is in place to buy a property which includes the practice of good money management techniques. When applying for a loan, the mortgage broker or bank will qualify an applicant with running a credit report to find out what the FICO score is. The FICO or Fair Issac score reflects the history of successful money management or NOT! Typically, the higher the score, the better interest rate is available.
The amount of the loan is reflective of the "current status." It does not include what future financial happenings such as a major health problem, or job loss, that can make the eligibility of a loan not what it once was. Buying a property is an investment, not just a place to live. To invest, there has to be a believability that the financial quality that qualified the buyer to purchase a home, will continue or improve in the future. Today's market reflects that some Buyers purchased a property with unrealistic perception of future earnings.
To buy a property there are simple standards to keep in paying bills and trying to save. Here's a suggestion to use some basics that may help a potential buyer to set up a system to make the bookkeeping task easier. The objective is to consistently use a plan, an approach, to pay off bills, reduce frivolous spending, increase the FICO score, while concurrently increase savings to qualify to buy a home. Whatever the objective! This is one approach that may help.
BOOKKEEPING BASICS:
To set-up a reliable bookkeeping system, begin by buying a large, monthly calendar. Keep this calendar updated monthly. Call each credit card company or bank and arrange to set-up Automatic Payments. The time it takes to go online to make payments can be better utilized by making money or just relaxing. The credit company is willing to set up Automatic Payments, a stronger assurance it will receive the funds when given access to the checking or savings account of the client. This is first step to avoid late fees.
Next, keep a list of names of creditors, account number, User Name and Password, and minimum monthly due amount. Try to refrain from using retail credit cards with high interest rates. When statements arrive, review each bill for accuracy. Immediately call the bank for any illegal or unintended charges applied. Keep all receipts when purchasing, and check to see that returns were credited back. Pay down or eliminate the creditor with lowest amount due. Don't unnecessarily open new accounts. Never close an account. Keep long-term accounts with good pay records. Speak in a calm voice to customer service reps as many times they are keeping notes on the conversation. Mailing in payments are riskier than online, since the post office may not deliver on time. If mailing in payment, date your payment date for 7-10 days before it is due.
Once set-up, monitor checking account or bill-pay account to confirm correct amount withdrawn.
Must Know Information:
Patricia Johnson is a members of National Association of Realtors, NAR; California Association of Realtors, CAR; Santa Clara County Association of Realtors, SCCAOR and MLS.
I set a goal of efficient and effective Real Estate services and resources, giving my best to home buyers or sellers.
Really Care Mediation Services? Contact Patricia Johnson.
Really Care Realty provides Real Estate Services for Sunnyvale and San Jose.