North Reading Realtors |Real Estate Offices in Wilmington | No. Andover, Tewksbury | No. Reading M


Shopping for a new home should be an exciting experience, but if you are unsure of where you stand with your credit, it can be a little nerve-wracking. Having good credit will not only help you secure more favorable interest rates for your mortgage, but it can also help you avoid less favorable loan structures, higher down payments and additional costs such as PMI (Private Mortgage Insurance). The best way to prepare yourself for your financing is to whip your credit into shape before your hunt begins. Check out three ways to help prep your credit.

Check for Any Collections

Collections are delinquent accounts that can seriously affect your credit score. Review your credit report and address any collections that are listed. If there are some recorded by error, file a dispute with the credit bureaus. If you owe the debt and can pay it, contact the collection company and ask if you can satisfy the debt by paying it and have it removed from the report. Finally, if you cannot afford to pay the total debt, discuss settlement options with the creditor.

Don’t Request Any New Credit

Opening a new credit card or credit account can affect your credit in multiple ways. First, it will count as a hard inquiry, which can slightly lower your score. Second, it may change the average of your credit history. Mortgage companies don’t like to see a lot of credit being gained right before a mortgage is being established, so if it can wait, let it wait until the mortgage is secured. 

Pay Down Your Credit Card Balances

If you have the means to reduce the balance of your credit cards, now is the ideal time. Your credit score is affected by your credit card balances in two primary ways. The first being the amount of debt that is listed on all of your credit cards. The second is the ratio of the amount owed on your card in relation to the credit limit on the card. A good ratio is less than 30%, so to keep your credit score high, you will want to be below this percentage. Paying a sizable chunk of your debt can increase your score by several points and improve your debt-to-income ratio. Just be sure to do this at least thirty days out so that the new balance is reflected when your score is pulled.

Don’t let poor credit lower your chances of buying the home that you always wanted. Follow the tips above to pump up your credit before applying for your next mortgage. Even a few points can mean significant savings. 



1002 Spring Valley Drive, Andover, MA 01810

Condo

$450,000
Price

6
Rooms
3
Beds
2/1
Full/Half Baths
Open House Saturday and Sunday Noon to 2PM. Showings start immediately. Spacious Corner Unit 3 Bedrooms 2.5 baths Townhouse, minutes away from Route 93 and 495. Enjoy Central Air and FHA Gas Heat, Kitchen features Stainless Steel Appliances and Bay Windowed Breakfast area and granite countertops.Large Livingroom and DIning room flow out to private patio and large fenced yard with private storage included on 1st floor is 1/2 bath and laundry. 2nd floor starts with a oversized King size bedroom suite with full bath and 2 walk-in closets, additionally you have 2 more bedrooms and another full bath. Two deeded parking spaces near the front door # 109 and 131.Included Clubhouse offers pool, Exercise rm, entertaining space available for private parties equipped with Movie Theatre, additional amenities Tennis Court, basketball hoop, and playground. Pets allowed, dogs need condo board approval and a $500 pet deposit. Located in Sought after High Plain district. Offers due Monday 5PM
Open House
Saturday
October 16 at 12:00 PM to 2:00 PM
1st Open House !!
More Open Houses
Cannot make the Open Houses?
Location: 1002 Spring Valley Drive, Andover, MA 01810    Get Directions

Similar Properties




1002 Spring Valley Drive, Andover, MA 01810

Condo

$450,000
Price

6
Rooms
3
Beds
2/1
Full/Half Baths
Open House Saturday and Sunday Noon to 2PM. Showings start immediately. Spacious Corner Unit 3 Bedrooms 2.5 baths Townhouse, minutes away from Route 93 and 495. Enjoy Central Air and FHA Gas Heat, Kitchen features Stainless Steel Appliances and Bay Windowed Breakfast area and granite countertops.Large Livingroom and DIning room flow out to private patio and large fenced yard with private storage included on 1st floor is 1/2 bath and laundry. 2nd floor starts with a oversized King size bedroom suite with full bath and 2 walk-in closets, additionally you have 2 more bedrooms and another full bath. Two deeded parking spaces near the front door # 109 and 131.Included Clubhouse offers pool, Exercise rm, entertaining space available for private parties equipped with Movie Theatre, additional amenities Tennis Court, basketball hoop, and playground. Pets allowed, dogs need condo board approval and a $500 pet deposit. Located in Sought after High Plain district. Offers due Monday 5PM
Open House
Saturday
October 16 at 12:00 PM to 2:00 PM
1st Open House !!
More Open Houses
Cannot make the Open Houses?
Location: 1002 Spring Valley Drive, Andover, MA 01810    Get Directions

Similar Properties




1002 Spring Valley Drive, Andover, MA 01810

Condo

$450,000
Price

6
Rooms
3
Beds
2/1
Full/Half Baths
Open House Saturday and Sunday Noon to 2PM. Showings start immediately. Spacious Corner Unit 3 Bedrooms 2.5 baths Townhouse, minutes away from Route 93 and 495. Enjoy Central Air and FHA Gas Heat, Kitchen features Stainless Steel Appliances and Bay Windowed Breakfast area and granite countertops.Large Livingroom and DIning room flow out to private patio and large fenced yard with private storage included on 1st floor is 1/2 bath and laundry. 2nd floor starts with a oversized King size bedroom suite with full bath and 2 walk-in closets, additionally you have 2 more bedrooms and another full bath. Two deeded parking spaces near the front door # 109 and 131.Included Clubhouse offers pool, Exercise rm, entertaining space available for private parties equipped with Movie Theatre, additional amenities Tennis Court, basketball hoop, and playground. Pets allowed, dogs need condo board approval and a $500 pet deposit. Located in Sought after High Plain district. Offers due Monday 5PM
Open House
Saturday
October 16 at 12:00 PM to 2:00 PM
1st Open House !!
More Open Houses
Cannot make the Open Houses?
Location: 1002 Spring Valley Drive, Andover, MA 01810    Get Directions

Similar Properties



This Single-Family in Swampscott, MA recently sold for $478,000. This Colonial style home was sold by Office Renaissance - RE/MAX Renaissance Inc..


66 Lincoln Circle, Swampscott, MA 01907

Single-Family

$1,150,000
Price
$478,000
Sale Price

8
Rooms
3
Beds
2/1
Full/Half Baths
Classic Colonial in need of work in area of more expensive homes. short walk to 2 lovely beaches. Subject to Short sale. Buyer to pay additional $5,000 fee to short sale attorney. House is being sold As-Is. All offers due on but not before seven (7) days from MLS listing date. Buyer responsible for obtaining and paying final water bill and obtaining Smoke and Title V Certificate (if applicable) at their own cost and expense. Buyer to pay$5,000.00 third party processing fee payable at closing. Processing fee cannot be financed.






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