Posted by Anthony Susi on 4/22/2019

It's easy to get stuck without a mortgage approval or with a smaller home loan than you want, just because you don't understand how your credit score works. Most of the things you've done to prepare: budgeting your income, balancing your bank accounts and saving up for a down payment, aren't reflected in your FICO credit score. It doesn't even show how much you can afford.

So whatís the point of your credit score?

It tells your lender what youíve done with your previous credit. Whether anyone has been willing to lend you money, how long youíve kept it and whether you pay it back on time. They keep the actual algorithm at FICO secret, but there are two main factors that you can affect.

Late Payments

These are easy to understand and fix. Ready? Pay them on time. Thatís it. Each time you are late on a debt payment, whether itís a credit card, school loan, mortgage, or car loan it dings your credit score. Thatís the easy part. Now for some finance math.

Debt to Credit Ratio

Surprisingly, you are in complete control of this part of your score too. While it sounds like this is a ratio of how much you owe to how much you make, it's not. The debt-to-credit ratio shows how much you owe based on how much credit you currently have available. That means if you have a $5000 credit card, and your friend has a $2000 credit card, and you both OWE $2000, you will have a higher score than your friend because your ratio ($2000/$5000) is lower than hers ($2000/$2000). The higher this ratio gets, the less likely lenders are to give you more credit. Most professionals suggest you try to keep your usage below 30%. That means your balance on that $5000 credit card should stay below $1500. This practice works better for you as well, keeping some cushion in your accounts for emergencies.

Managing your Debt-to-Credit Ratio

There are a few tricks beyond merely using less of your credit to help keep this number under control. First off, pay off as much of your debt as possible. You want to keep that used debt down as low as possible when trying to apply for new debt. Second, don't close your paid-off accounts. While it may seem like the optimal thing to do, remember that total credit number? You want to keep that number high so that your used credit appears lower. So, you've paid off that credit card? Great! Now chop it up or put it in a hidden drawer and keep that available credit without using it. Lastly, be careful about opening new accounts. While it lowers your debt-to-credit ratio as long as you donít actually spend from them, your score also reflects the age of your accounts. The longer ago you applied for and got credit, the more likely it is you will qualify for new credit. Donít waste that new credit qualification on anything else besides your home loan.

Want to know the best lenders to apply with once you've got the best score? Ask your real estate agent for their top recommendations for your situation and use their expertise to ease the qualification process.





Posted by Anthony Susi on 4/19/2019


82 Church St, Watertown, MA 02472

Multi-Family

$1,324,900
Price

2
Units
3,804
Approx. GLA
Location...Location...Location... Just steps away from Watertown Square is where you will find this one of a kind stunning two family home. First floor unit features na updated kitchen, good size living room and dining room, 3 bedrooms, 1.5 tiled baths, Harwood floors, front porch & huge rear deck overlooking a professionally landscaped private back yard. Second floor features an updated kitchen with granite counters and sliders leading to a covered deck, entertaining dining room and living room with access to sun-filled front porch, 3 bedrooms and 2 full baths. walk up to the third floor master suite with a jacuzzi tub, tiled walk in shower and sliders to a private rear deck. This unit also features hardwood floors throughout and 3 zone heat and a/c. Detached 2 car garage and more. Definitely not a driveway home. You must see all the custom details this home has to offer. Come take a look today!! Won't Last!!
Open House
Saturday
April 20 at 1:00 PM to 2:00 PM
Sorry for the last minute open house, but I have request to show it between 1pm -2 pm tomorrow so I decided to host an hour open house in case anyone else has buyers who may want to seat. Send your buyers!! All offers will be honored. Remember its a 3 percent co-broke. Now that would make an excellent Easter or Passover present for an agent.
Cannot make the Open Houses?
Location: 82 Church St, Watertown, MA 02472    Get Directions






Categories: Open House  


Posted by Anthony Susi on 4/17/2019


82 Church St, Watertown, MA 02472

Multi-Family

$1,324,900
Price

2
Units
3,804
Approx. GLA
Location...Location...Location... Just steps away from Watertown Square is where you will find this one of a kind stunning two family home. First floor unit features na updated kitchen, good size living room and dining room, 3 bedrooms, 1.5 tiled baths, Harwood floors, front porch & huge rear deck overlooking a professionally landscaped private back yard. Second floor features an updated kitchen with granite counters and sliders leading to a covered deck, entertaining dining room and living room with access to sun-filled front porch, 3 bedrooms and 2 full baths. walk up to the third floor master suite with a jacuzzi tub, tiled walk in shower and sliders to a private rear deck. This unit also features hardwood floors throughout and 3 zone heat and a/c. Detached 2 car garage and more. Definitely not a driveway home. You must see all the custom details this home has to offer. Come take a look today!! Won't Last!!
Open House
No scheduled Open Houses






Categories: Price Change  


Posted by Anthony Susi on 4/15/2019

A home showing will help you gain the insights you need to make an informed decision about a house purchase. At the same time, you may have many concerns about whether a residence is right for you, even after you complete a home showing.

Ultimately, there are many questions to consider after you finish a house showing to ensure you can make the right choice about a residence, and these include:

1. How did I feel as I walked through a home?

Oftentimes, homebuyers try to envision what life may be like if they purchase a residence. As these buyers walk through a house during a showing, it sometimes can be simple to imagine the possibilities if you buy this residence. On the other hand, it may be tough to envision a future in a particular home if a house fails to match or exceed your expectations.

Think about how you felt as you explored each room in a house during a showing. If you left a home showing with a good feeling about a residence, it may be beneficial to submit an offer or set up a follow-up showing. Conversely, if a home showing left you feeling uncomfortable with a residence, you may want to continue your search for your dream house.

2. Are there any major issues with a home?

Generally, it is a good idea to ask lots of questions about a house during a showing. This will enable you to learn about the condition of a home and determine whether major repairs are necessary.

A home in need of significant upgrades offers opportunities for homebuyers who are looking for a "fixer-upper" house. In fact, if you submit an offer on a fixer-upper home, you may be able to perform assorted repairs to enhance a house's condition and value.

Comparatively, if you are unwilling to perform substantial home upgrades, there is no need to worry. You can always forego submitting an offer on a house after a showing, and by doing so, continue your pursuit for your ideal home.

3. Is a home a viable long-term investment?

As a homebuyer, it is important to find a house that will serve you well both now and in the future. Because if you fail to do so, you risk purchasing a house that will only decline in value in the years to come.

If you feel that a home is a viable long-term investment following a showing, you may want to submit an offer to acquire this residence. Then, if a seller accepts your offer, you can conduct a home inspection and move forward in the homebuying process.

Lastly, as you consider what to do after a home showing, you may want to collaborate with a real estate agent. This housing market professional can help you evaluate the pros and cons of submitting an offer on a particular residence. Perhaps best of all, a real estate agent will offer expert tips to ensure you can find your dream residence in no time at all.




Tags: Buying a home   showing  
Categories: Uncategorized  


Posted by Anthony Susi on 4/10/2019


82 Church St, Watertown, MA 02472

Multi-Family

$1,385,000
Price

2
Units
3,804
Approx. GLA
Location...Location...Location... Just steps away from Watertown Square is where you will find this one of a kind stunning two family home. First floor unit features na updated kitchen, good size living room and dining room, 3 bedrooms, 1.5 tiled baths, Harwood floors, front porch & huge rear deck overlooking a professionally landscaped private back yard. Second floor features an updated kitchen with granite counters and sliders leading to a covered deck, entertaining dining room and living room with access to sun-filled front porch, 3 bedrooms and 2 full baths. walk up to the third floor master suite with a jacuzzi tub, tiled walk in shower and sliders to a private rear deck. This unit also features hardwood floors throughout and 3 zone heat and a/c. Detached 2 car garage and more. Definitely not a driveway home. You must see all the custom details this home has to offer. Come take a look today!! Won't Last!!
Open House
Sunday
April 14 at 12:00 PM to 3:00 PM
Come take a look at this one of kind Two Family Home that is sure to "WOW" you over!! Owner Say's Sell.. So send your buyers and all offers will be honored!!
Cannot make the Open Houses?
Location: 82 Church St, Watertown, MA 02472    Get Directions






Categories: Open House