IP360 PRESENTS: THE OFFICIAL CREDIT AND HOUSE HUNTING THREAD

Kandy Pants said:
Nah, my credit is bad. It's not awful but I should've listened to my mommy. I'm bad with bills and money.
Click to expand...
I'm late to this, but set up everything you owe to automatically come out. If you have credit cards, make sure you pay on time and don't use as much as your limit, so if you have a $2,000 limit, don't actually use that, just use it for what you need to use it for. It also looks good to have different kinds of accounts. I only have student loan accounts and just adding a credit card would boost my score. Or adding an auto loan or home loan, but don't do too much cause that can affect you negatively. Really just make sure you pay everything on time. That's the main thing.

Also, they're changing the way scores are calculated come Fall and even in July, they'll no longer be including evictions and other state collections so if you have anything like that taken off your score should see improvement next couple of months.

If you get a credit card, look for one with no annual fee and a low APR. Do all that and you should be good :)
 

Attachments

  • ce_FICO-Score-chart.jpg
    ce_FICO-Score-chart.jpg
    22.8 KB · Views: 14
Question to current owners:

Will I have the deed while on mortgage? Technically until the house is paid off the mortgage bank owns the house right?
 
Whiskas said:
Question to current owners:

Will I have the deed while on mortgage? Technically until the house is paid off the mortgage bank owns the house right?
Click to expand...
No is not really the case. You own the house and have the deed. They have rights if you default but they don't own the house.
 
IP360 said:
STILL waiting for this mortgage company to call us back. Smh
Click to expand...

Update: So still haven't heard back from that mortgage company.

Soooo...s/o called the builder himself to let him know. Said dude was shocked and disappointed. Mainly b/c it looked bad on him b/C he recommended the guy.

So he called him up himself just to see what he would say. Didn't mention us specifically. Apparently the way he responded didn't sit well wit him. Told us if we didnt hear from him in the next day or two, to call him and he'll move forward wit someone else.

I didn't even give him that long. Told her to let him know we wanna move on. Will be having another company contact us. 30 years experience and told them about the previous guy.

We'll see
 
Buying my house was fairly simple. They raised the closing and was a couple days behind getting the keys but overall it was cool.

Upkeeping is a bitch tho. I finally got around to cleaning the garage. I'm not sure how I cluttered it in the first place. Then I had to take down some trees. I need to purchase a lawn mower and leaf blower because paying these dudes is no longer an option

Outside work alone is a turnoff from owning a home
 
Most of the homes my s/o showed me had these big azzz backyards. All o could think about was "Damn...would have to cut that shyt."

Yard work ain't my thing. I do it b/c I hate when the grass gets too high, but I drag my feet doing it
 
MarcyDarcy said:
do you own in BX or Chicago? idgaf about Chicago (no diss) but drop whats useful bout Bronx real estate
Click to expand...
Neither

I do know Bronx property is the worse outta all the 5 boros (My opinion)

Depending on how deep into the city or BX you work you'd be better off living in the burbs (Yonkers, Mt Vernon, Pelham)
 
Thinking about a condo. We don't like yard works either and condos safe during hurricanes. But it doesn't appreciate or hold value as well as a single house, not to mention the exuberant HOA fee. Yuck!
 
You must log in or register to reply here.
Back
Top