Quality Service Real Estate Company

Real Estate and You When it comes to purchasing----Is Cash still King? “Sandra good credit is the same as money in the bank.” That’s what my Uncle Curtis use to always tell me when I entered into his real estate brokerage decades ago. That was a true statement then and it’s a true statement now. But why do so many of us take credit and its importance so lightly. Whenever prospects inquire about how to buy real estate, most come in with a hope and a prayer that their credit will be sufficient for a loan approval. Others contend they don’t know what’s in their credit profile, but yet never bat an eye when it comes back riddled with collections and delinquencies. According to the Federal Reserve Economic Research & Data Statistics released June 2015 Revolving and nonrevolving consumer credit both increased at a seasonally adjusted annual rate of 7 percent during the second quarter. In June, consumer credit increased at an annual rate of 7-1/4 percent. Yes. We like to purchase on credit; but, for some folk -pay back ….in the words of J.G. Washington can be “a real mother for ya- yeah” We fall in love with a gorgeous piece of property only to find out there is no romancing without financing. It’s important to start your property search with the details of a prequalification or a pre-approval as the first step. If you’re looking to acquire property in the next 6-12 months get pre-qualified. If you need to buy now or within the next 6 months get pre-approved. Be up front with yourself about your past credit experiences and know where you stand. Being proactive about buying your 1 st property or your next property will start with identifying your strengths and weakness on your credit profile and be willing to put forth effort to make necessary changes. Take the time to check out your credit report for yourself. Review your credit history for errors and fraud and be certain the person they are identifying in the report is you. If you have unpaid delinquencies, collections or high balances, make plans to pay them off or pay them down. Bear in mind that even if you are only seeking to lease, rent or buy on Land Contract, your credit profile will strongly impact whether or not you acquire that piece of property Sit down with an experienced Realtor, Lender or both and find out how painless it can be to discover if you can pursue your love of homeownership now or put out a few fires on your credit profile before your feelings are bruised with a credit denial. You can obtain a free credit report every twelve months from each of the three nationwide credit bureaus, For more information visit www.annualcreditreport.com or call (877) 322-8228 Truth is--- Cash is King---but Credit gets you in. “The best person to “face” the problem is also the best person to “fix” the problem – that is you!!! - The Credit Repair Book : The Credit Repair Company's Secret Weapon.” ― Cornelius J. , The Credit Repair Book: The Credit Repair Company's Contact Info: Sandra Dixon Associate Broker Quality Service Real Estate Company Sandra@Sandradixon.com (313) 259-5559

Real Estate & You Look around us and everywhere you will see the land that we stand upon and everything that is on it. That is the essence of real estate and owning your own piece of land with your home is still a worthwhile dream to pursue. Over the last several years home ownership for many has taken a back seat amid a fortress of declining property values, upside down mortgages apprehension, and constricted lending requirements. But as we weave our way out of the muss of the past; let’s not forget the security, tax deductions (such as mortgage interest and property taxes), or the pride of ownership that being your own landlord brings to us. For many of us we hold back on purchasing property because we think we don’t have enough for a down payment, or because of credit issues, or we simply lack an understanding of the buying process itself. Purchasing a home and going through the process of a loan approval and a closing can be challenging when you have limited experience with the procedures. Many people are not aware of the programs available out here to help just about everyone become a homeowner. Fantastic lender programs are at hand to help you with financing and it doesn’t take much time to find out which program is right for you; such as, the Federal Housing Administration (FHA), Veterans Administration (VA), and Michigan State Housing Development Authority (MSHDA). These programs are designed help buyers across multi –levels income stratospheres become home owners. These programs come with down payment assistance, mortgage tax credit, homeownership counseling, pre-approvals for mortgages, and assistance with mortgage and closing cost. Although homeowner ship is not for everyone, and for a many good reason, it’s not uncommon for people in some areas to spend as much as up to 42% of their monthly income to pay rent. Buying a home would lock in your monthly payment and help to stabilize your finances by having a fixed monthly payment amount, .In the short term …renting might seem like the better option... but in the long run buying a home is actually cheaper. Over the years the money you spend on rent adds up and in the end you have nothing to show for it. So if you would like make you dream of homeownership a reality, simply wake up and stop dreaming about it , and find out what is available for you , contact me for an appointment today. “ He is not a full man who does not own a piece of land .” -Hebrew Proverb Sandra Dixon-Associate Broker Quality Service Real Company Serving Metro Detroit Areas Since 1978 313-259-5559 or email: Sandra@sandradixon.com

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