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 Wow! The market has adjusted and balanced out. Opportunity knocks for those who have been waiting to buy. In addition, we’ve given classes regarding opportunities for clients thinking of alternative ways to invest in real estate. “Invest your Retirement in Real Estate” and “Private Annuity Trusts” which help you avoid the requirement to purchase or 1031 exchange when selling. This is a much better alternative than a Reverse Mortgage. So call us for investment options, first time buyers and teacher financing to purchase, property management, buying or selling, exchanging or whatever your real estate need. For more information call 975-5239 or email Homes4u@e-RealEstate4u.com or fill out this form and mail it to us at: Terrylynn –n- Team, 1891 Camino Estrada, Concord, CA 94521. - Call Terrylynn –n- Team! - Terrylynn, Bob and Gary http://imdb.com – The Internet Movie Database is visited by over 18 million movie viewers each month. Check for upcoming new trailers with film reviews. www.ibiblio.org/wm – This is the Web Art Museum! You will find full screen images of thousands of paintings by hundreds of artists. DID YOU KNOW THAT YOU CAN SEE ALL OF OUR LISTINGS AND SEARCH THE MLS FOR PROPERTIES AND SET UP AUTOMATIC EMAIL NOTIFICATIONS FROM ALL OF OUR WEBSITES? www.Terrylynn-n-Team.com www.StagedHomes4u.com  Understanding FICO Scores- NFS Mortgage FICO SCORES – those mysterious three digit numbers that determine if you will get a loan or not, at what interest rate, and if you will become a proud homeowner. Today credit scores are the most vital numbers but are least understood in the home mortgage market. FICO SCORES were developed by Fair Isaac based in Marin County, California and are mathematical models of a borrower’s risk profile and hence aid lenders and credit grantors to evaluate credit worthiness in an automated manner. How these FICO SCORES are structured is not exactly known at this time since the Federal Trade Commission sided with the Fair Isaac company in 1994 on the disclosure issue. Fair Isaac, however, still prohibits disclosure and defends its ground that credit scores and statistical models are too “overwhelming” and “complex” for the average borrower to know anyway. Each of the three major credit bureaus is licensed by Fair Isaac to run individual credit data through its proprietary statistical models. The score is purported to evaluate the likelihood of default by borrowers. The three credit bureaus sometimes use their own version of names, e.g.: 1) Beacon uses Equifax, 2) Empirica is Trans Union, 3) Experian uses Fair Isaac model. FICO SCORES range from 400 to 800 and are graded by mortgage lenders as given below.
Factors that we know effect your credit scores: Derogatory Information: Most recent 2-year info. is weighted higher than info. a few years older like late payments, charge-offs, bankruptcy, repossession, etc. Outstanding accounts: The larger the total outstanding debt, the higher the risk and lower the scores. Reducing account balances raises these scores. Credit history legend: The longer the credit history is established and the number of accounts that are established the better the scores, versus a new credit profile and recently opened accounts. Use of credit: The lesser the use of credit the better the scores. For example, fewer inquiries keep the FICO scores high since frequent credit usage is considered risky in Fair Isaac models. Remodeling increases the value of a home; however, the amount of costs you can recoup when you go to sell varies significantly by project. This top 10 list is based on national averages. Since property values and the cost of remodeling vary by region, these numbers should be used only as a general guideline.
- Vanguard Financial Ltd. According to the National Association of REALTORS, single women are now the second largest segment of home buyers in the country behind couples, out-purchasing single men by a margin of two to one. The mortgage financier Fannie Mae estimates that by 2010 there will be 31 million women-headed households in the US, comprising 28% of home owners nationally. To find out the ease in purchasing a home as a single person, give us a call today! (925) 876-0966 or (209) 981-9730. - Received via email Old age, I decided, is a gift. I am now, probably for the first time in my life, the person I have always wanted to be. Oh, not my body! I sometimes despair over my body – the cellulite, the wrinkles, the baggy eyes, the jiggly thighs, and the sagging butt. And often I am taken aback by that old lady that lives in my mirror, but I don’t agonize over those things for long. I would never trade my amazing friends, my wonderful life, my loving family for less gray hair or a flatter belly. As I’ve aged, I’ve become kinder to myself and less critical of myself. I’ve become my own friend. I don’t chide myself for eating that extra cookie, or for not making my bed, or for buying that silly cement gecko that I didn’t need, but looks so avante garde on my patio. I am entitled to overeat, be messy, be extravagant. I have seen too many dear friends leave this world too soon; before they understood the great freedom that comes with aging. Whose business is it if I choose to read until 4am and sleep until noon? I will dance with myself to those wonderful tunes of the 50’s and if I at the same time wish to weep over a lost love, I will. I will walk the beach in a swim suit that is stretched over a bulging midriff, and will dive into the waves with abandon if I choose to, despite the pitying glances from the bikini set. They, too, will get old. I know I am sometimes forgetful. But there again, some of life is just as well forgotten – and I eventually remember the important things. Sure, over the years my heart has been broken. How can your heart not break when you lose a loved one, when a child suffers, or even when a beloved pet gets hit by a car? But broken hearts are what give us strength and understanding and compassion. A heart never broken is pristine and sterile and will never know the joy of being imperfect. I am so blessed to have lived long enough to have my hair turn gray, and to have my youthful laughs be forever etched into deep grooves on my face. So many have never laughed and so many have died before their hair could turn silver. I can say “no”, and mean it. I can say “yes”, and mean it. As you get older, it is easier to be positive. You care less about what other people think. I don’t question myself anymore. I’ve even earned the right to be wrong. So, to answer the question, I like being old. It has set me free. I like the person I have become. I am not going to live forever, but while I am still here I will not waste time lamenting what could have been or worrying about what will be. And I shall eat dessert every single day! |
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