Phone: 702-530-6175
Andrea Caballero
 Realtor®
Las Vegas Area Real Estate Service 
Buy a house, sell a house, how to buy a home, how to sell a home,
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Title

The KEY to your next home!

IMPROVE YOUR CREDIT


Credit scores, along with your overall income and debt, are a big factor in determining if you'll qualify for a loan and what loan terms you'll be able to qualify for.

 

  1. Check for and correct errors in your credit report. Mistakes happen, and you could be paying for someone else's poor financial management.
  2. Pay down credit card bills. If possible, pay off the entire balance every month. However, transferring credit card debt from one card to another could lower your score.
  3. Don't charge your credit cards to the maximum limit.
  4. Wait 12 months after credit difficulties to apply for a mortgage. You're penalized less for problems after a year.
  5. Don't order items for your new home you'll buy on credit—such as appliances—until after the loan is approved. The amounts will add to your debt.
  6. Don't open new credit card accounts before applying for a mortgage. Having too much available credit can lower your score.
  7. Shop for mortgage rates all at once. Too many credit applications can lower your score, but multiple inquiries from the same type of lender are counted as one inquiry if submitted over a short period of time.
  • Avoid finance companies. Even if you pay the loan on time, the interest is high, and it will probably be considered a sign of poor credit management.

This information is copyrighted by the Fannie Mae Foundation and is used with permission of the Fannie Mae Foundation. To obtain a complete copy of the publication, Knowing and Understanding Your Credit, visit http://www.homebuyingguide.org/

www.REALTOR.org/realtormag Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS® Copyright 2003. All rights reserved.

our Real Estate Needs


Buyers Information


If you are thinking about purchasing a residential or commercial property, please let me answer your call for assistance. I am a well-trained professional who will guide you expertly and smoothly through the entire process from start to finish. 

Allow me to:
  • Set up auto-searches to locate suitable properties in accordance with your preferences and budget
  • Prepare and negotiate an offer that works to your advantage and addresses your concerns
  • Handle escrow, title, inspections, appraisals, resale packages, walk-throughs, and closings
  • Ensure that your transition into your new property exceeds your expectations

Whether you are a first-time home buyer, a move-up or repeat buyer, buying a vacation home, or an investor seeking cash flow in a residential or commercial property, your priorities and preferences will always come first. I will reduce your stress and make the process as transparent and smooth as possible. And in no time, you will be holding the keys to your new place.


BUYER TIPS:


  1. Begin with a pre-qualification and/or pre-approval. A lender will pull your credit, if there are any issues on your credit this is the time to fix it. Be accurate with your information and provide gross monthly income. Be prepared to provide a lot of documents and explanations.
  2. Shop your interest rate and fee structure. You can have your credit pulled multiple times in a 2-week period and not adversely affect your credit. Your rate and fees will be reflected in your Annual Percentage Rate (APR). This is the “cost” of the loan and is a very important number.
  3. Have your lender show you how they can use a “rebate” for a specific interest rate chosen to pay for your closing costs. There are thousands of dollars available to you for a slightly higher interest rate. If you start with the lowest interest rate in the market, you will have more leverage for this rebate. Oftentimes, you can have all your closing costs taken care of for the same rate banks will charge you.
  4. Hire the Best. Once you have set the groundwork and have been pre-qualified, it is important to select the best. We will draw a Broker Buyer Agreement to formalize our professional relationship. We will provide a stream of information. Use my experience to help you locate and negotiate the best deal for you.
  5. Don’t overreach. Be patient and willing to “walk away” if you feel you are paying too much. A bidding war might spur you to overspend, but paying an inflated price can make it tough to resell when prices stabilize or sink.
  6. Ask your agent about a good home inspector. The home inspector is paid by you to give you a good idea of what you are buying. They will diagnose the house and give you a complete report. Remember, the appraiser (different than inspector) is for the lender to verify if the house is not overpriced.
  7. Visit the property at different times during the day. Swing by in the evening to observe lighting, neighborhood activity and stop by at rush hour to see how traffic affects the property.
  8. Shop your homeowner’s insurance. Now is the time to consolidate what you are covering and make sure you get the best insurance rate for your new home purchase.
  9. Be patient. Many things can happen during the buying process, and many things can “derail” your purchase. Get through any complications with patience and perseverance. More often than not, human emotion will prevent a transaction from closing. If all parties are on the same page and work together the deal will get done.
  10. Be flexible. Buying a home can be a stressful process, but it does not have to be. You may not find the “perfect” home, but you will find one pretty close to it. Enjoy the process and do not become so attached to a home that you make a bad decision in your offer. Make a list of what you are looking for but do not be rigid about finding them all

Improve Your Credit