June 2020- Monthly dose of awesomeness!
It is an exciting time as more and more things are opening up in the Pacific Northwest! Summer officially begins on June 20th and we hope you can kick off the season with all the nice weather in the upcoming weeks!
This month we included...

  • A video sharing what Buyers and Sellers need to know during the upcoming months, featuring our Buyers Agents Lu & Austin!
  • Recently Sold Homes
  • Personalized Gifts for Father's Day on June 21st
  • 5 Tips for graduates buying a property after college
  • 5 Tips on improving your Credit Score
  • 6 Ways to keep your home cool during the Summer
Are you Planning on Moving this Summer?
Personalized Gift's for Father's Day- June 21st
For all the college students out there! If you are thinking of buying property after you graduate , this is what you need to know!

1. Determine where (and what) you want to buy
Do you plan on staying local or moving to a different state? Then thinking about what you want to buy, most neighborhoods will have single-family homes and condos, but there are also townhomes, duplexes, and other types of homes you can consider.

2. Align your college major and job prospects with where you want to buy
Now that you have an idea of where you want to live, you’ll need to determine a major that will lead to job prospects suited for that type of area. If you’ve already chosen a major, think about getting internships in jobs that align with where you live. The other thing to consider is cost of living and pay. 

3. Know where you stand with credit
Next, you’ll need to get your credit in order. Whether it means building credit for the first time or fixing some past credit-related mistakes, your credit score will directly impact if you can buy a home and how much you can afford. Between medical bills, missed payments, and a lack of credit history (among other factors), it’s easy to see your credit score tank while you’re in college.

4. Get rid of your debt
Getting rid of your debt is critical if you want to set yourself up for financial success in the future. You don’t want to get out of college with a boatload of debt and a nice new mortgage payment, do you?

5. Save, save, save!
If you want to buy a home after college, you need to start saving as much as you possibly can right now. Many expenses will begin to pile up that you will want to be prepared for.

BONUS fun fact! Once you get into a full-time position, you can even use your time in college as "work history" when applying for the home loan!

Have any questions on getting started? Connect with us!


(855) 640-HOME
If you’re planning on buying a home or looking to refinance your current home , you’re certainly aware that you will have to deal with a mortgage. To obtain a mortgage, you need a  solid credit score , and you might be wondering if your score makes the grade — or if it doesn’t, what you can do about it.   
Check Your Credit Report & FICO Score
Taking a look at your credit report can provide you with valuable information to craft your approach to boosting your score .

The information found in your credit report is something that the banks will look at for any loan application you make.

You can obtain a free report from all three annually through AnnualCreditReport.com .

Your FICO score is as a measure of consumer credit risk used by lenders to determine whether you are eligible for a good interest rate on a loan. The higher your score, the better the rate , and you’ll have more flexibility in choosing a loan.
Don't Take Too Long Shopping for the Best Rate
Multiple inquiries for your credit report in a short period by lenders can potentially affect your FICO score. 

To avoid this situation, keep your loan search brief with a distinct focus on what you want or aim to be pre-approved for a loan.
Stay On Target With All Payments
A positive payment history factors into your FICO score up to 35 percent .

With credit cards , it’s also a good idea to pay off a large chunk of your outstanding balances to minimize your credit utilization ratio. That data contributes to 30 percent of your FICO score and boosts your overall credit score in the end.
Dispute Your Negative Credit Accounts
If you’re looking at your credit score and notice certain late payments and collection accounts that you feel shouldn’t be there, contact any of the three credit bureaus to petition for their removal .

If you have substantiated proof to provide, they’ll remove it from your report and save you from having that misinformation lead to denial of your loan application.
Say No to New Debt & Keep Old Accounts
Mortgage lenders are going to watch over your financial movements, and if you for instance apply for a car loan while trying to finance a house, it raises a red flag to them in terms of your stability. 

Most people tend to have one or two credit cards open that they never use. Don’t take this moment to close them .

The average age of all of your accounts contributes a significant amount to your FICO score, so if they’re older it can actually help you out in the eyes of lending institutions.

info@mypugetsoundhomes.com

(855) 640-HOME