What a wild thing to believe that we are officially half way through the year! June's recap is filled with our Oakridge stats, Best of the Best Voting, credit score education from our friends at Greenstate Credit Union, June top performers, quarter two top performers, June listing of the month and a market misconceptions that our team wants you to know about. Here's to another month of doing what we love in the Cedar Valley!
Oakridge Monthly Recap
The summer market is here in the Cedar Valley. With 120 transactions completed by our team we are seeing more activity in the Cedar Valley and happy to be helping those that are buying and selling. When it comes to getting your home sold you can rely on our
If you’re thinking about buying a home, you should know your credit score’s a critical piece of the puzzle when it comes to qualifying for a home loan. Lenders review your credit to assess your ability to make payments on time, to pay back debts, and more. It’s also a factor that helps determine your mortgage rate. An article from Bankrate explains:
“Your credit score is one of the most important factors lenders consider when you apply for a mortgage. Not just to qualify for the loan itself, but for the conditions: Typically, the higher your score, the lower the interest rates and better terms you’ll qualify for.”
The Mortgage Corner with Greenstate Credit Union - 5 Factors that Determine Your Credit Score
When it comes to buying a home, your mortgage is an integral step in the process. Your credit score has a direct impact on the interest rate you can obtain, which then determines your monthly payment. Are you curious what impacts your credit score?
There are 5 categories that make up your score, with some weighted more heavily than others.
1. Payment History: Your account payment information, including delinquencies and public records
2. Credit Usage: How much you own on your accounts
3. Credit Age: How long your credit accounts have been established
4. Account Mix: What types of credit accounts do you have, such as revolving and
