Credit: Does it matter?

The first question that simply has to be addressed is: “How good is your credit?”  Everyone has a different answer about this; the importance of credit is unique to each individual.  Some are defined by their number, while others have a more “elastic” point of view.  And some see absolutely no purpose for its existence.  None-the-less, credit-worthiness is important to the home buying process.

pexels-photo-45111

That being said, it’s not elemental or vital, it’s just important.

Wondering if you have the credit to “fit the bill?”  We can help
you.   There are different strokes for different folks.  Some people can utilize superior credit-worthiness to propel themselves to very low interest rates, low mortgage loan interest amounts, or top-notch lender offers.  The rest of us must be prepared to bargain — and bargain hard.  Everything is negotiable; the price you pay for your home and the amount of monthly interest you pay!

NextHome Pro Realty is ready to offer you the latest and most up-to-date news regarding loan rates, special financing incentives, and creative loan packaging.  We give you the information you need and we put you in touch with the people who will help you realize your dream.   You expect expert guidance; we deliver with a flourish.

We are the Next generation in progressive & proactive real estate partnering and we want and need you to be successful and satisfied.  Stop worrying about your credit score and talk to us about your options!

Savvy Real Estate Investment

Should you hold a real estate property long-term?
For a savvy investor in residential or commercial real estate, it’s important to understand market cycles and the risks and returns associated with owning real property.  Many investors who purchase single and multifamily residential properties believe that buying and holding the property is the key to success.  It certainly can be for some, but for those with typical life changes, pexels-photo (4)unexpected trans-formative life events and family transitions, a better way to wealth could be an annual reassessment of property inventory along with an examination of present returns and future values.

Many factors can drastically change the value of a property over the long-term:  income tax restructuring, neighborhood decline, zoning changes, community development, economic change, and local government planning – to name a few.  Assuming that a property will hold its value long term and continue to accelerate in rental income is probably not the best approach.  An annual review with a real estate broker can target properties that may be in the danger zone and would be better sold and replaced with something else. Continue reading