How Your Credit Can Make It or Break It for You
With interest rates still at record lows, and the housing market showing signs of improvement, now is the ideal time to invest in Gulfport real estate. To ensure that you’re ready for your new purchase, you’ll want to get your finances in order to help strengthen your appeal toward mortgage lenders.
Check Your Credit Rating
After you’ve found the home of your dreams and have applied for a loan is not the best time to check your credit rating. You can start the process as you begin your home search. This way you can look over your credit history and check for any inaccuracies. If you find any blemishes, you can get them rectified immediately.
Develop Solid Credit History
Paying cash for everything may be a great way to stay out of debt, but it can be difficult for a lender to approve your loan. Lending institutions want to see how you handle your money and whether you pay your bills on time. To develop solid credit history, concentrate on obtaining one credit card and pay it off on time each month. Someone with little credit history has a better chance of securing a loan than an individual with too many credit cards. Consolidating your debt into one credit card can strengthen your credit rating.
In addition to a favorable credit rating, you need to have a plan in place to help you save money. Put together a budget to determine your needs such as rent, food, utilities and gasoline. Look over your expenses and see if there are any areas that you can tweak. If you go out to dinner several times a week, try cutting back to only once. For those that enjoy a daily latte at their favorite shop, try making your favorite blend at home instead. Put the money that you would have spent on these luxuries in a savings account to help ensure a substantial down payment on your Gulfport real estate purchase.
“The best decision I made was choosing Amanda Hendry and her team as my Realtor for my first time buying a home. They walked me through every step and worked with my mortgage loan officer and with the seller to make sure everything was in order and done in timely manner. My first time buying a home was a journey and not an easy one and Amanda went above and beyond to get me in the home of my dreams. She showed me probably every house on the market in the locations I was searching for several mon…
Jennifer BatesGulfport, MS
We contacted Amanda & Associates in December 2015 and was put in contact with Jordyn Favret. From day one, Jordyn was thorough and professional. She went above and beyond to deal with an extremely difficult seller even spending hours in the evening and on the weekends to close the deal on the property. Jordyn answered all of our questions and when she didn’t know the answer, she made the effort to investigate it and get back with us in a timely manner. She met with the rental manager and viewed …
I have worked with Amanda and her team on several transactions, both as a buyer and a seller. They are very proactive, accessible, and responsive. The team knows the market very well, and lays out a well thought out and deliberate strategy to close a deal in a timely manner.
Without a doubt, this has been the best home purchasing experience. I am so impress with everyone at Amanda & Associates. David Becher was exceptional! He contacted me on a regular basis and understood my goals. Finding the perfect cottage on the Gulf Coast has moved me one step closer to retiring in such a beautiful and fun area. Brittany Brackett is another person I want to acknowledge. She consistently communicated with me on the administrative paperwork. Because of her attention to detail, …
They do very well in getting the information needed for you so you can decide on the property being reviewed. Very professional and quick to respond. They keep you informed on all steps during the process of the purchase.
“Amanda’s team really went above and beyond for me while trying to sell my house. I live out of state and Amanda was valuable in several aspects, even going as far as checking on the plumbing during the ice storm that struck south Mississippi this past winter. I’m very pleased with the service that was provided and I highly recommend them.”
First off, let me say the pleasure was all ours. We appreciate the time McKinsey & her team took with us. She stayed on top of the situation and made things happen. It was our first time to use a Realtor and it was a pleasure with us. She answered questions immediately or found the answer for us in timely manner. We never felt pressured or uncomfortable. It was great doing business with her and the team and look forward to future business.
David & Summer Pipkins
“Amanda’s team helped us sell our house and they were fantastic! We had to move across the country and they were very prompt about finding a buyer and taking care of everything. Amanda has wonderful responsiveness and is very good about communicating all knowledge about selling a house. Highly recommend!!”
Andrea & Kyle Woodard
Amanda and Associates helped me every step of the way through the difficult situation of selling my home. We had a difficult time in dealing with the lender and Amanda’s team made it much easier.
“As a first time home buyer, I didn’t really know of what to expect. After meeting with Amanda and talking with her the first time, I felt comfortable enough to ask lots of questions and she was very patient with me. As we closed on our house today, I cannot be any happier that Amanda’s team is the one that helped me along the way. She has gone above and beyond my expectations. Thank you to your team for a great job!”