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1. Have 3 active trade lines.
2. Automate recurring payments. Avoid late payments.
3. Don't borrow more than 1/2 of allowed credit limit.
4. Don't pay off car loan in advance.
5. Don't be afraid to ask for credit counseling.
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| Get your Train of Thoughts going... |
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| Monica's 5 Tips to improve credit score 1. Have 3 active trade lines. 2. Automate recurring payments. Avoid late payments. 3. Don't borrow more than 1/2 of allowed credit limit. 4. Don't pay off car loan in advance. 5. Don't be afraid to ask for credit counseling. |
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| Rajeev's Tips for sellers 1. Find out what your home is worth ? 2. Figure out if you need to sell first in order to buy. 3. Plan where you want to buy your next home - You might move from Sunnyvale to San Ramon or Fremont Ardenwood to Fremont Mission or Newark to Pleasanton or Oakland to San Jose or within a mile from where you live now... the combinations are endless! 4. Dress your home for sale. Store away extra items. 5. Review/enhance lighting in the rooms. 6. Keep a copy of your loan statement handy. Find out if there will be pre-payment penalty on your loan. 7. Plan selling time frame if you need to (and haven't completed) complete 2 years at the property before you sell. 8. Are there any major repairs required (Roof, property, termite) ? 9. Click on the following links to read up on How to sell your home at the Highest Possible Price Common Mistakes to Avoid When Selling Your Home |
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| Rajeev's Tips for buyers 1. Get pre-approved for loan. Get your loan docs ready. 2. Prioritize what is important to you in a home (other than price). 3. Estimate your daily commute time to work from the area you plan to buy in. 4. Get your downpayment ready. Most lenders look for "seasoning" of funds. 5. If schools are a priority, call to ensure what school the home is affiliated with. 6. Consult a Sr. loan consultant (Monica ?) to estimate your monthly payments based upon your reserves, credit score, % down and estimated purchase price. |