HOW IMPORTANT IS YOUR CREDIT HISTORY?

HOW IMPORTANT IS YOUR CREDIT HISTORY?

HOME BUYER HANDBOOK
When you apply for a mortgage loan, you expect your lender to pull a credit  report and look at whether you've made your payments on time. What you may not expect is that they seem to be more interested in your "FICO" score. FICO actually stands for Fair Isaac and Company, which is the company used  by the Experian (formerly TRW) credit bureau to calculate credit scores.  Trans-Union and Equifax are two other credit bureaus who also provide credit  scores. Each time your credit report is pulled, it is run through a computer program with a built-in scorecard. Points are awarded or deducted based on certain  items such as how long you have had credit cards, whether you make your  payments on time, if your credit balances are near maximum,…
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SOTHEBY’S INTERNATIONAL REALTY AND THE NEW YOUR TIMES

SOTHEBY’S INTERNATIONAL REALTY AND THE NEW YOUR TIMES

SOTHEBY'S NEWS
  VIEW VIDEO – SOTHEBY’S INTERNATIONAL REALTY AND THE NEW YORK TIMES   Every property listed by Steamboat Sotheby’s International Realty benefits from the exclusive relationship between Sotheby’s International Realty and the New York Times. This collaboration provides unrivaled access to a global audience. NYTimes.com receives over 30 million unique visitors each month, and 1.27 million of those visitors worldwide go to the NYTimes.com Real Estate section every month. This provides unparalleled and unmatched exposure for the properties that Steamboat Sotheby’s International Realty represents.  Sotheby’s International Realty secures exclusive partnership programs with NYTimes.com, such as the Real Estate Slideshow, designed to drive an estimated 12 million media impressions worldwide. This ad unit incorporates properties for sale at the beginning, the mid-point and the end of the slideshow. The placement of…
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BUDGETING TO BUY PART 2

BUDGETING TO BUY PART 2

HOME BUYER HANDBOOK
What does it Cost to Buy a Home  Once your contract has been accepted, here are some costs that you will have to pay between now and closing.  Some of these costs must be paid before closing,  others are paid at closing,  and some may be financed at closing. Costs that must be paid up front before closing (more…)
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BUDGETING TO BUY PART 1

BUDGETING TO BUY PART 1

HOME BUYER HANDBOOK
If you want to buy a house, start by estimating what you can afford and making a budget to buy. Many prospective buyers find it difficult to accumulate enough cash for a down payment, especially if they are saddled with heavy debt. With some discipline and creative strategies, you can probably come up with more cash than you think. Check your current finances and investigate ways to save and raise extra funds. Write down your monthly income, savings, and spending. If you have a lot of high-interest credit debt, try to move your balances to cheaper cards and plan to spend a year paying off as much of that debt as possible. (more…)
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THE ADVANTAGES OF OWNERSHIP

THE ADVANTAGES OF OWNERSHIP

HOME BUYER HANDBOOK
The Best Investment As a fairly general rule, homes appreciate about four or five percent a year. Some years will be more, some less. The figure will vary from neighborhood to neighborhood, and region to region. Five percent may not seem like that much at first. Stocks (at times) appreciate much more, and you could easily earn over the same return with a very safe investment in treasury bills or bonds. But take a second look… Presumably, if you bought a $200,000 house, you did not pay cash for the home. You got a mortgage, too. Suppose you put as much as twenty percent down – that would be an investment of $40,000. (more…)
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