| |
 |
| Home |
Buying |
Selling |
Financing |
Relocating |
Foreclosures |
Find A Realtor |
About Us |
Contact Us |
|
Introduction
Welcome to OCCoastRealty.com! Your premier Orange County Real Estate Information Resource. Whether you're a first time home buyer or a seasoned investor, you can count on OCCoastRealty.com to have the most current information. OCCoastRealty.com will help you to make educated decisions.
Buying A Home
Buying a home will be one of the largest investments you will make. It is a dream we all have. There are just two important steps toward your home ownership.
Selling A Home
Selling your home is just as straightforward as buying a home. Once again, it's only a question of understanding the sales process and obtaining the assistance of a professional Realtor© to help you market your property at the best value within a reasonable time frame.
Financing A Home
Our depth of knowledge provides you the best insight into choosing the best financing options available in the market today. Whether it is getting your first home loan or refinancing your existing loan, we will work to make the process as smooth as possible.
Relocating
Relocating? Leaving our area? Or just coming in? We would be honored to help you through the entire process. Let us put OUR experience to work for you!
Foreclosures
Foreclosure is the process in which the lender recovers the amount owed on a defaulted loan by selling or taking ownership of the property securing the loan. OCCoastRealty.com has all the lastest foreclosure and bank-owned properties in Southern California.
Find A Realtor
We maintain a strong continuing education program for our associates. We believe that as the level of sophistication of the buying and selling public increases, the level of service, education and quality of service of our Agents must likewise improve.
About Us
Today's real estate market is changing. Whether your buying, selling or just want to keep up with the latest trends, OCCoastRealty.com will provide you with the most accurate and up to date information.
Contact Us
OCCoastRealty.com is located at 668 Coast Highway, Laguna Beach, CA 92651. Or call 949.302.7757.
|
|
|
| |
|
 |
| |
 Applying for a Loan? Start by Ordering Your Credit Report
If you are considering applying for a loan, ordering a copy of your credit report may well be the best place to start. Why? Because it's also the first thing a potential creditor will be looking at, and even if you pay your bills on time, you will want to ensure that all the information in your credit file is up-to-date and accurate.
Studies have shown that many credit files contain inaccuracies that could affect your credit rating, and even lead to the rejection of a loan application. That's why reviewing your credit report beforehand may be a good idea, giving you time to dispute any items that may be the result of simple human error or a technical glitch.
And depending on whether you are applying for an auto loan, a mortgage loan, or a loan for business or personal use, different lenders may apply different standards in rating your credit worthiness. For this reason, reading your credit report and understanding how your credit data might be interpreted may give you a chance to improve your credit worthiness from the point of view of a lender.
Before you begin the application process, check your credit report for the following items:
Clerical Inaccuracies
Sometimes credit reports contain inaccuracies that are the result of a computer glitch or a clerical error. These may include payments not credited, late payments, or data mixed in from a credit file of someone with a name similar to yours. Ordering your credit report will quickly show you what the lender will see -- then it's up to you to dispute any information that you consider inaccurate.
Excess Unused Credit
To make your credit more attractive to a potential lender, you may wish to consider reducing the number of revolving charge accounts that are listed as active on your credit report. Lenders will sometimes view too much revolving debt as a negative when considering a loan application.
In situations where you have stopped using a credit account, it is often a good idea to close the account if you don't plan to use it anymore. Make sure your creditor notates the account "closed at consumer's request" -- otherwise, a prospective lender might assume the creditor closed the account for other reasons.
A few credit cards managed well may improve your chances for a loan--particularly a mortgage loan, where lenders use stricter qualifying guidelines. Ironically, credit cards that have lots of room on them may be viewed as potential debt, while maxed-out cards make you a less desirable credit risk -- both of these situations could compromise your ability to obtain a loan.
30-day and 60-day Late Payments
Even if your credit report contains a couple of 30-day late payment entries that are accurate, many lenders will overlook the occasional late payment if you explain the situation and your credit is otherwise good. Try to avoid any payment being 60 days late however, as this may be a red flag for some lenders -- even if they do grant you the loan, it may come at a higher rate of interest and with less favorable terms.
The primary period lenders are interested in on a credit report is the last two years, so try to maintain on time payments, and verify that the payments are being credited properly by checking your credit report regularly.
Avoid Unnecessary Inquiries
Each time a prospective creditor looks at your credit report, an inquiry notation is added to your file, and most inquiries stay on your credit report for up to two years. Inquiries you make yourself, inquiries made during screening for a pre-approved offer of credit, or an inquiry that is part of a background check for employment purposes are not reported to potential credit grantors.)
It is best to avoid over-applying for credit and running up excessive inquiries, for the simple reason that lenders of creditors may think you're trying to get credit due to financial difficulty, or taking on more debt than you can repay.
Lenders do of course realize that some inquiries are a result of shopping around for the best rates on a loan, and so they will often overlook a block of inquiries within a very recent period. It may help if you explain the inquiries in the application process.
Understanding how your credit report affects your financial future is the key to smart credit management. Incorporating a review of your credit report into your financial planning is also one of the best ways to make sure you meet your goals -- especially when those goals involve major purchases, and you're shopping for a loan with the most favorable terms possible.
Written by ConsumerInfo.com
OC Coast Realty - Offering Orange County Real Estate and Orange County Homes For Sale. Please use our MLS Home Search to find any Orange County Commercial real estate listing, Orange County Investment property, Luxury Orange County Home, Orange County foreclosure or Orange County Townhome.
Feel free to contact us if we can be of any service! |
| | |
Call Now: 949.302.7757
