New Quick Search Links
For the convenience of home buyers visiting my website, I've added two new links. The first one is for waterfront properties in Virginia Beach. If you or someone you know is looking for waterfront property, you can click this link and it will pull up a report that shows all waterfront property currently listed in Virginia Beach broken down by price range.
These properties are all listed as either Oceanfront, Bayfront, Lakefront, Riverfront, Deepwater Access, or on Tidal Water.
Once you get to the report, if you would like to see all the photos provided of the property, just click on the first picture and it will enlarge and show the entire photo gallery.
There's also a summary description of the property provided. For more property information, contact me and I will get whatever information you are looking for.
Here's a direct link to the waterfront property quick search page or you can go to my home page and click on the link provided there.
I can also provide waterfront listings for any other area of Hampton Roads by request.
The second link Ive provided is for Bank Owned Properties in Virginia Beach, Chesapeake and Norfolk.
There seems to be a large demand for bank owned homes in the market right now and there are plenty of them available.
Whether you are looking for an investment property or a house to live in, these homes can be a great deal. Many are selling well below, assessed and market values.
Dealing with a bank instead of a regular homeowner when you write a contract is somewhat different, so if you would like to purchase one of these homes make sure you either do your homework first so you know what to expect, or work with a buyer's agent who knows how to deal with these properties specifically.
Here's a direct link to the bank owned property quick search page.
Understanding Your Credit Score
This information made possible by:
Deborah Bruno
Mortgage Consultant
Wells Fargo Home Mortgage
(757) 222-1428
What Makes Up the Score:
The overall FICO scored is based 35% on payment history; 30% on credit capacity or available credit; 15% on length of credit history; 10% on accumulation of debt in last 1218 months (number of inquiries / opening dates); 10% on your credit mix (installment - car loans, mortgage, etc. versus revolving - credit cards, equity lines, etc., and the number of finance company loans) More loans equals a lower score.
What Will Hurt Your Score:
- Missing payments
- Maxed out credit cards
- Closing credit card accounts
- Shopping for credit endlessly
- Opening numerous trades in a short period
- Having more revolving loans in relation to installment loans
- Borrowing from finance companies
What Has No Affect on Your Score:
- Income
- Debt to Income Ratio
- Length of residence
- Length of employment
How to Improve Your Score:
- Pay down amounts on credit cards
- Dont close credit card accounts as it decreases your credit capacity
- Making payments on time (late payments become less of factor over time)
- Slow down on opening new accounts
- Move revolving debt to installment debt
- Acquire solid credit history with years of experience.
For more information on understanding your credit scores, click here to download a 20 page booklet full of vital information.
