How to boost your credit score before you buy a house – L.A. Times

Dear Liz: I am trying to purchase my first home. I have a 20% down payment for the price range that I am looking for. The issue I am running into is that I have relatively new credit and my credit score is not great at all. I had to go to the emergency room two years back with no insurance and have medical expenses that went into collections. I am now in a financial spot to pay them off. These are the only negatives on my credit report that are unresolved. Will paying these off get my credit to the point that I can buy a home? I am lost as to how to get my score where it needs to be.

This excerpt from latimes.com. To read more please click the link below.

https://www.latimes.com/business/la-fi-money-talk-credit-score-home-purchase-20190609-story.html

Call today for more information and help with first time home buyer credits!

Stacy Schnell / Realtor Associate

Direct: 856.324.9103

Port Norris, New Jersey

Home features 3 bedrooms & 2 baths.Well maintained cape cod on corner lot in quiet neighborhood. Large kitchen has oak cabinetry, double sink, ceiling fan and center island. Seperate dining room off kitchen opens to spacious living room with a wood burning fireplace. Full basement with bar could be easily finished. Front covered porch has two hanging porch swings, large rear deck, fenced yard, detached 2 car garage, detached 50 x 30 garage with 200 amp service and half bath. This home qualifies for 100%, no money down, USDA financing. Only one mile from the Bayshore Center at Bivalve home to the AJ Meerwald and the Oyster Cracker Cafe.

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This listing presented by The Scott Sheppard Team. Call today to schedule your private tour. Stacy 856-364-0772

WHat do I need down to buy a home?

The down payment. Cue the dramatic, fear-filled suspense music. Yeah, it’s scary. Coming up with enough cash to put down when buying a house is the single biggest roadblock for most hopeful home buyers. But how much do you really need?

What is a down payment?

A down payment is the cash you pay upfront to get a home loan. It is deducted from the total amount of your mortgage and represents the beginning equity — your ownership stake — in a house and property.

This excerpt from Nerdwallet.com CLICK HERE to read more.

Custom Build Here ~ Beautiful Farm

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12.43 +/- farm in East Vineland. Three road frontages, level topography. Perfect for horse farm. 60 x 90 pole barn with riding rink and a 36 x 60 horse barn with nine 10 x 12 stalls. Convenient access to Route 55, 47, 552 and 49. Property consists of 11.94 acres Q Farm of total 12.43 acres. 

Give call today to find out mor information about this unique property.

Stacy 856-364-0772

This listing presented by The Scott Sheppard Team 

25 Tips for first time home buyers

wpid-wp-1436567828576.jpegBuying a home can be nerve wracking, especially if you’re a first-time home buyer. Not only is it probably the biggest purchase of your life, but the process is complicated and fraught with unfamiliar lingo and surprise expenses.

To make the first-time home buying journey a little less stressful, 25 tips to help you navigate the process more smoothly and save money.

This excerpt from USA today, please click below to read full article:

https://www.usatoday.com/story/money/personalfinance/2017/06/30/25-tips-first-time-home-buyers/434449001/

How New College Grads Can Start Saving Now to Buy a Home

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Congratulations, new grads: You’re free! After four long years at college, it’s time to move on to the next stage of your life: adulthood.

That means you get to start thinking about exciting things like your first job, a 401(k), and—sexiest of all—homeownership. And while you might still be sleeping off those Jell-O shots from last night, it’s time to wake up, chug some water, and start preparing yourself financially—if buying a house happens to be one of your long-term goals.

Start preparing now, and buying a house won’t be a struggle. “If you make good money, you have a clean credit rating, and you’ve got enough money set aside for the down payment, buying a house is not really a big hassle,” says Stewart Koesten, the chief executive and executive chairman of KHC Wealth Management in Overland Park, KS.
To read more click the link below:

http://www.realtor.com/advice/buy/tips-for-new-college-grads-on-buying-a-home/

Freddie Mac Report Reveals Improving Housing Markets

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Freddie Mac has released the findings of its monthly Multi-Indicator Market Index (MiMi) today which highlights the stability of the housing market from a national, state, and metro perspective. The results of March’s MiMi findings points to a more stable housing market.

MiMi considers a wide range of variables when gathering data. These variables include payment-to-income ratios, local employment, home purchase applications, and the proportion of current mortgage payments.

This excerpt taken from the “Nawrb News Room” to read more CLICK HERE