The Cost Of Waiting A Year To Purchase A Home

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What is Your Home Worth ?

Here are some things that could harm your home's value:

• A pool. Forget what you might have heard. An in-ground pool in most parts of the country doesn't automatically raise the value of your home. Having a swimming pool will automatically limit your market when it comes time to sell.
• No garage or small garage. Unless you're living in a condo, retirement community or historical or in-town neighborhood, most buyers will look for at least a two-car garage.
• Small rooms and bathrooms, an inconvenient floor plan or a layout that requires you to access bedrooms or bathrooms through other rooms will detract value from your home.
• Old appliances or systems. No one wants an electrical system or plumbing system incapable of handling modern conveniences.
• Stale or overly personal decor. Keep things neutral. Get rid of clutter and take down personal pictures.

Thinking About Buying Or Selling A Home In Central Texas

4 Sure Fire Ways To Improve Your Credit

If your credit is shabby, you'll need to shore up your score to convince a lender you're worthy. Here's how to boost your point total: 1.Be on time. Before you worry about cleaning up what happened yesterday, get right with today and focus on your current bill-paying performance. Pay on time, and pay more than the required minimum payment each month on outstanding credit balances. 2.Shrink your credit ratio. The credit-scoring process looks at the ratio of your debt to the total amount of available credit you have, so add up your credit limits to see where you stand. Your long-term goal is to get rid of all your debt, but a good, short-term target is to shrink your ratio to less than 50 percent. Then 40, then 30, and so on. 3.Pay off a card, but don't close it. Because of the aforementioned credit ratios, reducing your available credit hurts your score. If you have a $3,000 balance on one card with a $5,000 maximum and no balance on a card with a $10,000 maximum, closing the unused card suddenly makes your credit ratio skyrocket from a benign 20 percent to a troubling 60 percent. Resist the urge to close an account when you've paid it off; lock the card in a drawer instead. 4.Get current on any outstanding debts. Got collection agencies on your trail? Pay off your late accounts, but remember that paying off a delinquent account will not erase it from your history. You simply have to wait; the further the delinquency recedes into the past, the better off you'll be. If you have a good explanation for falling behind, a lender may be sympathetic if you've paid off the debt.

Fixing Errors On Your Credit Report

1. Fix Errors on Your Credit Report Since your credit score is based on information in your credit report, an accurate file is important. You can get one free copy of your credit report every year with the help of annualcreditreport.com. You can also purchase copies of your credit report. If you have been turned down for credit, you are entitled to a free copy of your report — and the score that was used to decline your application. Armed with your credit report, you can then find out what information could be dragging down your score. If there are inaccuracies, get them fixed. I once had a credit card balance and a student loan listed twice — making it look like I owed more than I did. Fixing these two mistakes gave my credit score a little bump