

|
I would like to make your buying or selling experience as easy as possible. call me today: 860-490-3776
|
Barbara Berkowitz is one of The
Top Selling Real Estate Experts Find Out More > |
|
|
|
Granby, Simsbury and Suffield Information:
About Granby - Moving to Granby, Connecticut? Get info here...
About Simsbury - Moving to Simsbury, Connecticut? Get info here...
About Suffield - Moving to Suffield, Connecticut? Get info here...
School Reports - Reports for Granby, Simsbury and Suffield schools kindergarten, elementary, and high schools.
Relocating? - Free real estate information & relocation package if you're relocating to Granby, Simsbury and Suffield, in County CT.
Go to Main Sitemap - Main sitemap sections include Find Granby, Simsbury and Suffield Homes, For Home Buyers, For Home Sellers, Granby, Simsbury and Suffield Information, Real Estate Resources, and About Barbara Berkowitz.
|  | | | holcomb farm | |
|  | | | horses are welcome | |
Please Sign Up For The Latest Listings and the Latest Real Estate News
Financing Your Home >Credit Card Mania
Most people know that a checkered credit history can disqualify you for a home loan, and maxed-out credit cards can do the same thing. But what most people don't know is that merely having a large number of credit cards, even with low balances and a history of timely payments, can disqualify you for a home mortgage loan just as quickly.
According to credit experts, having a number of credit cards can be just as detrimental to the granting of further credit as a history of late payments. Lenders look at it this way: If you have ten credit cards, each with a limit of $5,000, that means you have the potential to run up $50,000 in debt virtually any time you choose. That mere possibility makes you a greater risk, from their point of view.
The moral of the story? If you are planning to apply for a home loan in the future, keep only those credit cards you actually need to use and cancel the others.
|
| Q |
What is considered the primary factor distinguishing buyers of prestigious properties from the average home buyer?
|
| A |
Financing doesn't worry these buyers; they often put down 40 percent or more or pay cash for a property |
See More Real Estate Trivia > |
|

NUMBER1EXPERT
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|