Category Archives: Before You Buy

11.07.27_CreditSesame_FixerUpper

Should You Buy a Fixer-Upper?

August 13, 2013
By: cometrealty

Infographic compliments of Credit Sesame Contact your favorite Comet Realty agent to help you find the perfect house, which may or may not be a fixer upper upon review of the above info graphic!  805.546.9925 Info@CometRealty.com


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Advantages of Pre-approval

June 29, 2012
By: cometrealty

The housing market is warming up in many areas, with multiple offers becoming more commonplace. Buyers who want an advantage in the bidding process will need more than a mortgage prequalification – they will need a pre approval. Making sense of the story The differences between mortgage prequalification and preapproval are significant. Prequalifying for a mortgage is based solely on what a borrower discloses to the loan officer or broker about his/her earnings, credit score, and total assets, including what is available for a down…
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How to pump up your credit score

May 25, 2012
By: cometrealty

To avoid another real estate bubble, many lenders have tightened their mortgage requirements.  According to a report by the Federal Reserve, a majority of banks are less likely to offer loans to people with a FICO score of 620 and a 10 percent down payment than they were in 2006.  Lenders were also less likely to do so even for those with a score of 720.  The good news though is there are some tactics that consumers can employ to raise their scores. Making sense…
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