February 4, 2012

Warning: If You Skip this Home Buyer Tip, You Pretty Much Want a Headache

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Did you think there wasn’t a top must do? This isn’t a tip exclusively for first-time home buyers, so please don’t think that you are too savvy to begin with a review of your credit report. The credit report and the resulting FICO Score hold the proverbial keys to your next castle, but can also [...]

Your FICO Score will take a hit from Damage Points

FICO Damage Points

Real Estate Agents have all wondered how FICO Scores are impacted when events happen to consumers, and FICO has released an informative chart that you need to see. It seems that if you have a high score and are 30 days late on your minimum payment then your penalty will actually be greater than someone [...]

Your FICO score matters!

Okay, driving through Fairfax County I share my thoughts on the essentials of knowing your FICO Score and the importance of getting a credit report  early on in the home buying process. If the FICO Score isn’t 700 720 then there may be ways to improve it… since 720+ is the magic number for availability [...]

Buying a short-sale in Northern Virginia

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So you pulled up a listing in the neighborhood that you would kill to live in and it is priced $100,000 below the last sale. “Honey, get the keys cause we are gonna buy that house”, you say wildly. What you did not see written into the comments section is this home is a short-sale [...]