Larry Costa REALTOR®
CENTURY 21 Classic Gold | 508-272-8028 | larry@larrycosta.com


Posted by Larry Costa REALTOR® on 11/24/2017

If you have seen your latest credit score and feel like you’re less than financially fit, don’t fret. There’s plenty of reasons why people end up with bad credit. There’s also plenty of things that you can do to amend and work with your bad credit. 


The Factors


Mortgage lenders look at a variety of factors when it comes to your credit and determining if you’re ready for a home loan. These include:


  • Age of credit
  • Payment history
  • Amount of credit debt


If you have opened new accounts frequently or ran up credit card balances without paying them down, these behaviors could negatively affect your credit score. 


Changing Your Habits


Just changing one of these bad habits can help your credit score in a positive way. This also means that a bad credit score doesn’t equal not being able to get a home loan. Your home loan may just come at a higher price. 


What If You’re Turned Down For A Loan?


You can ask your lender why you’re unable to get a loan. Some possible reasons that you’re getting rejected:


  • Missed credit card payments
  • Failure to pay a loan
  • Bankruptcy
  • Overdue taxes
  • Seeking a loan outside of what you can afford
  • Legal judgements
  • Collection agencies


If you have defaulted on a loan, missed payments or filed for bankruptcy, chances are that you’ll have trouble securing a home loan. Other factors that can affect your credit score include negative legal judgements that have affected your credit, or having a collection agency after you. 


How To Fix It


If you have bad credit, it’s not the end of the world. It’s possible that lenders can give you a loan if your credit score isn’t too low. You could, however, face higher interest rates as a penalty for a low credit score. This is due to the fact that you’re more likely to default on a loan based on your risk factors. 


You can improve your credit score by:


Keeping existing accounts open

Refraining from opening new accounts

Trying not to approach too many lenders to find the right interest rate. Every time you get a credit check, it affects your score. 


Finding A Loan


Signs of bad credit can take awhile to disappear from your credit report. Sometimes, you have the opportunity to explain to lenders what these factors are in detail so you can secure the loan. There are even mortgage companies that assist you through the loan process to give you a boost in getting the loan.


FHA Loans


FHA loans are a great program option especially for people with bad credit. These loans offer low down payment options and have lower credit score standards. FHA loans have been helping people to secure their first homes since 1934.


If you have bad credit, the dream of home ownership is still possible. If you’re early in the process, get to work and keep that credit score up so that when you head out to apply for a loan, you’ll be able to secure it.         




Categories: Uncategorized  


Posted by Larry Costa REALTOR® on 11/20/2017


7B Weaver St., Wareham, MA 02576

Single-Family

$89,900
Price

7
Rooms
3
Beds
1
Baths
Good chance to earn some sweat EQUITY! This home features newer architectural shingle roof, forced hot air heating system (propane) and freshly painted exterior. Decent sized 1/3 acre lot with large backyard. Minutes to highways and shopping. Property will need Construction Loan Financing or CASH to purchase. Seller will consider owner financing for right buyer with strong down payment ! By appointment only - home is occupied.
Open House
No scheduled Open Houses

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Categories: Price Change  


Posted by Larry Costa REALTOR® on 11/17/2017

Buying a house may prove to be a long, complex journey, especially for a first-time homebuyer who decides to pursue a residence on his or her own. Fortunately, many real estate agents are available to help first-time homebuyers make their homeownership dreams come true.

Now, let's take a look at three tips that first-time homebuyers can use to find the right real estate agent in any housing market, at any time.

1. Go Beyond a Web Search

In many instances, it is easy to conduct a web search of real estate agents in a city or town. However, a diligent first-time homebuyer will know to look beyond a simple web search to discover the ideal real estate agent.

Take a look at a real estate agent's website. By doing so, a homebuyer can learn about a real estate agent's industry accomplishments and experience.

Also, don't hesitate to contact a real estate agent's office directly. This enables a homebuyer to have a brief conversation with a real estate agent and find out exactly what this housing market professional is all about.

2. Host a Face-to-Face Meeting

A face-to-face meeting may prove to be exceedingly valuable for both a first-time homebuyer and a real estate agent, and for good reason.

During a face-to-face meeting, a homebuyer can ask questions and learn about a real estate agent's industry expertise. Plus, a homebuyer can receive comprehensive insights into what it will take to acquire a top-notch residence at a budget-friendly price.

Meanwhile, a face-to-face meeting helps a real estate agent learn about a homebuyer's goals. A homebuyer can provide information about what he or she wants in a dream home, and a real estate agent can offer details about what a homebuyer should expect at each stage of the property buying journey.

3. Receive Client Referrals

Although a first-time homebuyer may feel comfortable with hiring a real estate agent after a face-to-face meeting, it is always better to err on the side of caution. Thus, a homebuyer who requests client referrals from a real estate agent ensures that he or she can make the best possible decision.

A real estate agent should have no trouble providing you with multiple client referrals. Then, you can reach out to this housing professional's past clients to find out how he or she has helped homebuyers achieve their desired results.

Spend some time reaching out to a real estate agent's past clients – you'll be happy you did. With additional client insights at your disposal, you can improve your chances of choosing the perfect real estate agent.

Lastly, it is important to remember that a real estate agent should be available to guide you along the homebuying journey. This housing market professional boasts in-depth industry experience, and as such, can share deep insights to help you make informed decisions as you go from homebuyer to homeowner.

Take advantage of the aforementioned tips, and a first-time homebuyer can employ a first-rate real estate agent and gain unparalleled support throughout the homebuying cycle.




Categories: Uncategorized  


Posted by Larry Costa REALTOR® on 11/14/2017

This Single-Family in Carver, MA recently sold for $50,000. This Other style home was sold by Larry Costa REALTOR® - CENTURY 21 Classic Gold.


9 Pine Way, Carver, MA 02330

Single-Family

$59,900
Price
$50,000
Sale Price

4
Rooms
1
Beds
1
Baths
Vintage 1950's Mobile Home with original features and paneling. Framed addition was added creating a double-wide style unit with gable roof. On its own very nice lot with shed. Septic is BUYER'S responsibility - no engineering will be provided. Due to financing restrictions, CASH BUYERS ONLY. Could also remove the home and possibly build a new 1-bedroom home with proper permits.






Categories: Sold Homes  


Posted by Larry Costa REALTOR® on 11/14/2017

This Condo in Plymouth, MA recently sold for $129,900. This Low-Rise style home was sold by Larry Costa REALTOR® - CENTURY 21 Classic Gold.


6 Chapel Hill, Plymouth, MA 02360

Condo

$129,900
Price
$129,900
Sale Price

4
Rooms
2
Beds
1
Baths
Plymouth Colony Condominiums is just minutes to Route 3 and Route 44. Very convenient to downtown Plymouth and all its sights, restaurants, parks and beaches. This light and bright unit has just been painted and has had new carpet installed .The large living room features sliders to a balcony and views of the trees. There's 2 nice sized bedrooms. This complex offers amenities included swimming pool, tennis courts, playground and more! Move right in! Condo fee includes heat and hot water!

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Tags: Real Estate   Plymouth   Condo   02360  
Categories: Sold Homes  




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