Good Credit Counts

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Wasting Your Money?

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Tired of renting and throwing away your hard earned money every month? Then now is the time to buy a house or condominium. The housing market is strong, and there are many beautiful homes for sale in Long Beach and surrounding communities waiting for their new owners. Not to mention that interest rates are slowing increasing.

Know Your Credit Score

  • 781-850 Excellent
  • 661-780 Good
  • 601-660 Fair
  • 501-600 Poor
  • Below 500 Bad

House-keys-on-top-of-approved-loan-agreementGood Credit Counts

Good credit does count when applying for a home loan. It is one of the most important determining factors when it comes to borrowing money and getting a low interest rate. Most credit scores operate within a range of 301 – 850, and within that range are different categories from bad to excellent. However, if you do not have perfect credit do not let that stop you from owning a part of the American Dream.

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Improve Your Credit

The first step to know if you have good credit is to check it. There are many companies that will check your credit; Experian, Equifax, TransUnion, and even your own your bank. Once you know your score, you can begin the repair. A detailed report will outline specific problem areas. However, there are simple steps you can take to improve your overall credit score.

  1. Pay off any collections against you.
  2. Bring over limit and overdue credit cards up to date.
  3. Pay all bills on time including rent.
  4. Try to reduce credit card debt to 25% or less of your credit line.
  5. Do not open new credit cards.
  6. Do not close your credit card accounts because this will use a higher percentage of your overall credit limit.
  7. If you have an old credit card use it and then pay it off. This will show you are responsible.
  8. Keep the utilization of credit cards low.

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Buying a house is very exciting, and a secure investment. Do not let less than stellar credit intimidate you. Know you credit situation because you cannot fix what you don’t know. Let the experienced professionals at the Shannon Jones Team help you navigate buying a home in Long Beach, Lakewood, Signal Hill or other surrounding community.

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About the Author

Shannon Jones has been selling real estate since 1998 and specializes in listing and marketing homes. She has consistently been one of the top Realtors in the Long Beach area. Prior to her award-winning career in real estate with the Shannon jones Team, Shannon has had successful careers in journalism and public relations. She holds a bachelors degree from UC Irvine and a masters degree from UC Berkeley. Shannon holds E-Pro, CDPE (Certified Distressed Property Expert), and PSC (Pre-Foreclosure Specialist) certifications. Shannon is very personable and maintains a very strong moral compass, always putting the best interest of home buyers/sellers above monetary goals. A California native, Shannon enjoys gardening, travel, reading, cooking and poker when she’s not selling homes MY DESIGNATIONS Lic# 01247705 | CDPE (Certified Distressed Property Expert) | E-Pro | PSC (Pre-Foreclosure Specialist) MY SERVICE AREAS Anaheim Bellflower Buena Park Carson Cerritos Cypress Downey Fountain Valley Garden Grove Huntington Beach La Palma Lakewood Long Beach Los Alamitos Los Angeles County Norwalk Orange County Rossmoor San Pedro Seal Beach Signal Hill South Bay Westminster

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