Deborah Goldberg's Blog
Deciphering credit scoresMost major lenders assign your credit score based on the information provided by three national credit bureaus: Equifax, Experian, and TransUnion. These companies report your credit history to FICO, who give you a score from 300 to 850 (850 being the best your score can get). When applying for a mortgage (or attempting to be pre-approved for a home loan), the lender you choose will weight several aspects to determine if they will lend money to you and under what terms they will lend you the money. Among these are your employment status, current salary, your savings and assets, and your credit score. Lenders use this data to attempt to determine how likely you are to pay off your debt. To be considered a "safe" person to lend money to it will require a combination of things, including good credit. What is good credit? Credit scores are based on five components:
- 35%: your payment history
- 30%: your debt amount
- 15%: length of your credit history
- 10%: types of credit you have used
- 10%: recent credit inquiries (such as taking out new loans or opening new credit cards)
What does this mean for taking out mortgages?A higher credit score will get you a lower interest rate. By the time you pay off your mortgage, just a hundred points on your credit score could save you thousands on your mortgage, and that's not including the money you might save by getting lower interest rates on other loans as well. If you would like to buy a home within the next few years, take this time to focus on building your credit score:
- If you have high balances, do your best to lower them
- If you have a tendency to miss payments, set recurring reminders in your phone to make sure you pay on time
- If you don't have diverse credit, it could be a good time to take out a loan or open your first credit card
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The exterior of your home is just as important as the interior. The outside needs to fit the needs of you and your family. Good landscape design can have a big impact on a home. A high quality exterior allows for outdoor activities and brings more value to your home.
The big question is- who will do the landscaping? You and your family? Maybe you’ll hire a professional landscaper to help you complete these jobs. Landscaping isn’t a simple job. It’s more than adding stones and walkways to the yard and planting or mowing grass. When you want to transform the outside of your home, you’ll need a vision and plans to execute that vision. Here’s just some of the advantages to hiring a professional landscaper:
You’ll Get What You Pay For
These landscaping professionals are just that- professional. You’ll know when you hire them that you’ll be getting high quality work in return for your investment. While you may miss trimming a few branches of a bush on your own, a pro landscaper will get every last leaf.
How Much Will Materials Cost?
It would take time to look for materials that can be used for landscaping. It would also be an out-of-pocket expense for you to include with the time it takes to complete landscaping jobs on your own. Professional landscapers have these supplies readily available to them.
Landscaping Takes Time
If you hire a landscaper, they know exactly what they’re doing. They’re also completing a job while you are off doing other things. You’ll save quite a bit of time if you hire one.
Landscapers Know What They’re Doing
When you hire a landscaping professional, they know what kinds of plants that you’ll need to get your desired look. They’ll also know how to care for these plants. You could run into quite a few problems without the proper knowledge and experience. Left on your own, there are many different things that can go wrong while completing a landscaping project. You could place the plants in the wrong order, not have level ground, or end up with a lower quality project than you had originally hoped for. When you hire a professional, you know that a project is being carefully planned from start to finish. If the company doesn't execute it the way you’d like, you can always request that they fix it. If you make a major mistake on your own outdoor project, it’s on you!
There’s many advantages to hiring professional landscaping help. From regular yard maintenance to major outdoor projects, it’s a good idea to have help that knows exactly what they’re doing to save you from headaches at a later time.