This is sort of an advertisement. I admit it. But it is an advertisement designed to help anyone thinking about buying a home in the next six months to a year. I was just talking with a loan officer who is working on a non-FHA loan for a client of mine. The client has to go with a conventional loan rather than an FHA loan. For various reasons not everyone can go with an FHA loan. Any way the loan officer just told me because my clients credit score is only slightly below 680 the rate would be 3/8 to 1/2 points higher. That is nothing but money lost there because of a credit score. Pure and simple, money down the drain.

On a $150,000 loan that half point difference over seven years (the time you will probably own that home) is $4,116 dollars. On a $200,000 loan it is $5,460 and on a $250,000 loan it is $6,888. Plus those numbers don't include all of the other junk that goes with a lower credit score. And you do not want to use a good credit restoration company to raise your score? Okay waste the money. After all it is your money to waste. If I sound harsh I'm sorry I don't mean to be. It is just that I get frustrated when I see people waste money. Your good hard earned money.

Sellers? Yes you will probably have to buy again also so if you are thinking about selling in the near future it is something for you to think about.

I told you it was sort of an advertisement but it is the truth. A good agent is here to help with the entire real estate process long before you buy or sell. We take courses, study, read, learn, and do many things to help you and to save you money. If you are thinking about real estate in the future call your agent today. We won't mind we are here to help you.

I hope you have a great save money day!

Ron