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Late Payments and Credit Scores BrendaWynnTeam Berkhshire Hathaway HomeServices Nevada Properties Las Vegas NV Real Estate Late Payments and Credit Scores Consumers who make late credit payments have no idea how badly their credit scores can be affected or how long it takes to repair the damage. According to Nerdwallet.com , a late payment of 30 days or more can knock as many as 100 points off your credit score and stay on your credit report for up to seven and a half years. FICO scores, the credit-scoring system used by the Fair Isaac Corporation, help banks and other lenders determine a borrower’s creditworthiness. Your scores can change with every new report from a creditor, but nothing impacts credit scores like a missed payment. Your payment history accounts for 35 percent of your FICO score, advises credit bureau Experian.com . Other factors include the amounts owed (30%) credit history length (15%), types of credit (10%) and new credit (10%.) If you’re late mak...
Buy a House in Las Vegas-Your Home Equity Is Growing [INFOGRAPHIC] Buy a House in Las Vegas Buy a House in Las Vegas-Your Home Equity Is Growing Some Highlights If you’re a homeowner, today’s rising equity is great news. On average, homeowners have gained $51,500 in equity since this time last year. Whether it’s funding an education, fueling your next move, or starting a business, your home equity is a great tool you can use to power your dreams. Ready to sell ? Let’s connect to talk about how you can take advantage of your rising equity to reach your goals.
Using Your Tax Refund To Achieve Your Homeownership Goals This Year Using Your Tax Refund To Achieve Your Homeownership Goals This Year Using Your Tax Refund To Achieve Your Homeownership Goals This Year If you’re buying or selling a home this year, you’re likely saving up for a variety of expenses . For buyers, that might include things like your down payment and closing costs. And for sellers, you’re probably working on a bit of spring cleaning and maintenance to spruce up your house before you list it. Either way, any money you get back from your taxes can help you achieve your goals. Using a tax refund is a common tactic for buyers and sellers. SmartAsset estimates the average American will receive a $2,897 tax refund this year. The map below provides a more detailed estimate by state: If you’re getting a refund this year, here are a few tips to help with your home purchase or sale this season. How Buyers Can Use Their Tax Refund According...
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