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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.
Status is online Luciano Guerin Real Estate Agent with Berkshire Hathaway 32 articles If you’re on the fence about whether or not you want to sell your house this year, there’s good news. For nearly two years, real estate professionals have worked tirelessly to ensure the safety of buyers and sellers during the pandemic. Today, they’re seasoned experts, not just in the art of buying and selling homes, but also in how to keep you safe throughout the process. Real estate professionals have learned new technologies plus safety and sanitation measures. As new variants emerge, those lessons continue to be key ways agents add value. Real Estate Advisors Stay Current on Guidance for In-Person Showings Agents don’t leave your health up to chance. They follow guidance from the Centers for Disease Control (CDC) and the National Association of Realtors (NAR) to ensure in-person showings are safe. NAR maintains...
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