Shawn Sullivan, Massachusetts Real Estate, Medford homes for sale, Somerville homes for sale


Your credit score is one of the most important numbers to your financial picture. You know how important it is to have a high credit score. If you pay your bills on time and keep your debt down, you think that your score will be just fine, but this isn’t always the case. There are a few hidden mistakes that you could be making that are bringing your credit score down. Read on to find out what to avoid when trying to keep your credit score up and maintain it. 


Too Many Credit Inquiries


Beware that every time you apply for a new loan or even just check on what type of interest rate you can get, your credit will be reviewed. You want to avoid too many credit inquiries because a high number will bring your credit score down. Always ask if a lender is pulling a hard inquiry to check your score, don’t allow too many of these credit checks. 


Anything Small Can Make A Big Impact


Was there a mistake on a medical bill that you paid but it says it was unpaid? If you let this go, your credit score could be impacted. Even unreturned library books that have been turned over to collections can negatively affect your score. Stay on top of things because you never know how a small mishap can affect you.


Your Information Is Wrong


You should look at your credit report so that you can see more than just your history. You can see the information that is being reported to check for mistakes. Incorrect information can bring your credit score down. You can call the credit bureau that’s associated with any errors that you see on your credit report. It can be a little bit of a process to correct the mistakes on your credit report, but the time and effort is definitely worth it for your credit score.                       



Not Using your Credit


While using your credit too much is a problem, not making use of your credit at all can be a problem. Responsibly use your credit. Open a credit card and use it to make small purchases. Charge only things that you can afford and pay the balance off each month. This simple use of a card is one of the easiest ways to establish credit.      


It’s important to do what you can to develop and maintain a healthy credit score. Keep all of your avenues covered to be sure that nothing hidden can negatively affect your credit score. 



This Condo in Medford, MA recently sold for $685,000. This 2/3 Family style home was sold by Shawn Sullivan, Broker Associate, CRS - RE/MAX Andrew Realty Services.


2204 Mystic Valley Parkway, Medford, MA 02155

Condo

$685,000
Price
$685,000
Sale Price

7
Rooms
3
Beds
2
Baths
.Expert full renovation and incredible location - Luxury Condo with Warranty -No expense was spared in the renovation of this majestic home. Experts fully renovated all aspects to meet and/or exceed building codes and standards. BRAND NEW Utilities - wiring ,panels, plumbing, water heaters, HVAC. Gleaming brand-new hardwood floors and crown molding/baseboard throughout, high end cabinets, Quartz counters, smart home features (Ring, Nest, Smart Appliances), windows, fireplace,sound deadening insulation (Quiet and comfy), new decks, massive storage area, detached garage,huge driveway. Feature sheet for full list. Incredible location – steps to Commuter rail, Orange Line, Green Line (Fall 2021), Whole Foods, Starbucks. 3.1-mile Mystic River hiking trail access is in front of condo, amazing restaurants, elementary school at end of street, Tufts Univ, all steps away. Rt.93 onramp just 1.3 miles and Boston is 3.2 miles Must see in person to realize the quality of this beautiful renovation.

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If you plan to buy a house, you'll want to apply for a mortgage before you launch your house search. That way, you'll have your finances in order and can narrow your home search accordingly.

Ultimately, there are several steps that you should take prior to applying for a mortgage, and these are:

1. Check Your Credit Score

A bank or credit union likely will analyze your credit score as it reviews your mortgage application. However, you can find out your credit score free of charge before you kick off the mortgage application process.

You are eligible to receive a free copy of your credit report annually from each of the three credit reporting bureaus (Equifax, Experian and TransUnion). Submit a request for your credit report today, and you can receive comprehensive insights into your credit history.

2. Examine Your Earnings and Debt

How much you currently earn and your outstanding debt could play pivotal roles in your ability to acquire a favorable mortgage. Thus, you'll want to examine these factors closely so that you can better understand how lenders will view your mortgage application.

Also, if you have lots of outstanding debt, there is no need to worry. If you allocate the necessary time and resources to learn about your debt and pay it off, you can increase the likelihood of obtaining a favorable mortgage.

3. Establish a Budget

Although a mortgage may prove to be essential to buy a house, it is important to consider various homebuying expenses as well.

For example, you may need to pay closing costs, home inspection fees and other expenses throughout the homebuying process. If you're worried about having the necessary finances to cover these costs, you may want to start saving money for them as soon as possible.

It often helps to account for the costs associated with cable, electricity, internet and other home must-haves too. The aforementioned homeownership expenses can add up quickly, but those who plan ahead can ensure they have sufficient funds available to cover these costs.

As you prepare to search for a house, it usually is a great idea to hire a real estate agent. This housing market can help you prepare for each stage of the homebuying cycle and ensure you can achieve your homebuying goals.

Typically, a real estate agent will meet with you and find out what you want in a dream house. This housing market professional then can keep you up to date about residences that match or exceed your expectations.

Perhaps best of all, a real estate agent understands that no one should be forced to overspend to acquire their ideal residence. As such, this housing market professional will make it simple for you to discover a terrific house at a budget-friendly price.

Lastly, don't hesitate to reach out to a real estate agent for guidance before you apply for a mortgage. With a real estate agent at your side, you can learn about lenders in your area and find one that can provide you with the financing that you need to purchase your dream house.


This Single-Family in Georgetown, MA recently sold for $689,000. This Colonial style home was sold by Shawn Sullivan, Broker Associate, CRS - RE/MAX Andrew Realty Services.


10 Waldingfield Rd, Georgetown, MA 01833

Single-Family

$689,000
Price
$689,000
Sale Price

8
Rooms
4
Beds
2/1
Full/Half Baths
Your wait is over! Situated in Georgetown's most desirable neighborhood, this home has been expertly cared for by the same owner since it was built - nothing has been overlooked: Updated kitchen, new roof, new heating system, new Central AC condensers, new deck, hardwood floors throughout & the list goes on. Experience the best of both worlds with almost an acre of land boasting gorgeous, mature landscaping & privacy galore on your back deck. Yet, walk out your front door & be a part of one of the town's friendliest neighborhoods. This home was built for fun & entertaining, with an expansive brick fire place, vaulted ceiling Family Room off the kitchen, an Eat-In Kitchen that has fed hundreds of guests over the years, & a large Living Room off the kitchen prefect for a quiet retreat, office, or kids playroom. Complete with a formal dining room for holiday gatherings, large basement, 2 car garage & walk up attic perfect for expansion, this home will make your dreams really come true!

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This Single-Family in Malden, MA recently sold for $500,000. This Colonial style home was sold by Shawn Sullivan, Broker Associate, CRS - RE/MAX Andrew Realty Services.


258 Lynn St, Malden, MA 02148

Linden

Single-Family

$499,900
Price
$500,000
Sale Price

6
Rooms
3
Beds
1
Baths
Enjoy the charm of this well-maintained Colonial with a private, landscaped backyard in the coveted Linden neighborhood of Malden! This home offers 6 rooms, 3 bedrooms and 1 full bath. The first floor includes a bright and sunny living room, opening to the formal dining room with built-in wall A/C, leading into the large kitchen eat-in-kitchen with plenty of cabinets and counter space for all your storage needs. 2nd floor includes 3 bedrooms with wall-to-wall carpet to keep your feet warm in the winter, with plenty of closet space, and a full ceramic-tiled bath. The basement features full laundry and plenty of storage. Outside enjoy the fenced-in yard, covered back porch, patio, and 4-car driveway for ample on-street parking. Additional features include: gleaming hardwood floors, replacement windows, security system, roof (2017) and oil tank (2019). Don't worry about your commute as this home is also located close to Routes 1, Tobin Bridge, Logan Airport, and the bus line.

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