Todd Alperin - Coco, Early & Associates The Olivares, Molina & Alperin Division



Posted by Todd Alperin on 9/15/2019

Itís hard to overstate the importance of credit scores when it comes to buying a home. Along with your down payment, your credit score is a deciding factor of getting approved and securing a low interest rate.

Credit can be complicated. And, if you want to buy a home in the near future, it can seem daunting to try and increase your score while saving for a down payment.

However, it is possible to significantly increase your score in the months leading up to applying for a loan.

In todayís post, weíre going to talk about some ways to give your credit score a quick boost so that you can secure the best rate on your mortgage.

Should I focus on increasing my score or save for a down payment?

If youíre planning on buying a home, you might be faced with a difficult decision: to pay off old debt or to save a larger down payment.

As a general rule, itís better to pay off smaller loans and debt before taking out larger loans. If you have multiple loans that youíre paying off that are around the same balance, focus on whichever one has the highest interest rate.

If you have low-interest loans that you can easily afford to continue paying while you save, then itís often worth saving more for a down payment.

Remember that if you are able to save up 20% of your mortgage, youíll be able to avoid paying PMI (private mortgage insurance). This will save you quite a bit over the span of your loan.

Starting with no credit

If youíve avoided loans and credit cards thus far in your life but want to save for a home, you might run into the issue of not having a credit history.

To confront this issue, itís often a good idea to open a credit card that has good rewards and use it for your everyday expenses like groceries. Then, set up the card to auto-pay the balance in full each month to avoid paying interest.

This method allows you to save money (youíd have to buy groceries and gas anyway) while building credit.

Correct credit report errors

Each of the main credit bureaus will have a slightly different method for calculating your credit score. Their information can also vary.

Each year, youíre entitled to one free report from each of the main bureaus. Take advantage of these free reports. Theyíre different from free credit checks that you can get from websites like Credit Karma because theyíre much more detailed.

Go through the report line by line and make sure there arenít any accounts you donít recognize. It is not uncommon for people to find out that a scammer or even a family member has taken out a line of credit in their name.

Avoid opening several new accounts

Our final tip for boosting your credit score is to avoid opening up multiple accounts in the 6 months leading up to your mortgage application.


Opening multiple accounts is a red flag to lenders. It can show that you might be in a time of financial hardship and can temporarily lower your score.





Posted by Todd Alperin on 9/12/2019

Very spacious ranch located on large 31,000 sq ft corner lot. Beautiful kitchen featuring granite counters, double wall oven, cook top stove, dishwasher, refrigerator and large pantry closet. Open concept dining room that leads to huge family room with gas fireplace. 3 bedrooms and the possibly for a 4th bedroom. The first floor laundry room could be easily be converted to a bedroom. Nice den that leads to a private backyard with patio and inground pool. 1.5 baths. The lower level offers expansion possibilities and has a very nice stone fireplace. There is a walk up attic that is perfect for storage. Easy access to route 495, shopping, restaurants and much more.

More Info on this Property | New Listing Alerts





Posted by Todd Alperin on 9/11/2019


1072 Main Street, Haverhill, MA 01830

Single-Family

$379,900
Price

8
Rooms
3
Beds
1/1
Full/Half Baths
Very spacious ranch located on large 31,000 sq ft corner lot. Beautiful kitchen featuring granite counters, double wall oven, cook top stove, dishwasher, refrigerator and large pantry closet. Open concept dining room that leads to huge family room with gas fireplace. 3 bedrooms and the possibly for a 4th bedroom. The first floor laundry room could be easily be converted to a bedroom. Nice den that leads to a private backyard with patio and inground pool. 1.5 baths. The lower level offers expansion possibilities and has a very nice stone fireplace. There is a walk up attic that is perfect for storage. Easy access to route 495, shopping, restaurants and much more.
Open House
Sunday
September 15 at 11:00 AM to 12:30 PM
Cannot make the Open Houses?
Location: 1072 Main Street, Haverhill, MA 01830    Get Directions

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Categories: Open House  


Posted by Todd Alperin on 9/11/2019


1072 Main Street, Haverhill, MA 01830

Single-Family

$379,900
Price

8
Rooms
3
Beds
1/1
Full/Half Baths
Very spacious ranch located on large 31,000 sq ft corner lot. Beautiful kitchen featuring granite counters, double wall oven, cook top stove, dishwasher, refrigerator and large pantry closet. Open concept dining room that leads to huge family room with gas fireplace. 3 bedrooms and the possibly for a 4th bedroom. The first floor laundry room could be easily be converted to a bedroom. Nice den that leads to a private backyard with patio and inground pool. 1.5 baths. The lower level offers expansion possibilities and has a very nice stone fireplace. There is a walk up attic that is perfect for storage. Easy access to route 495, shopping, restaurants and much more.
Open House
Sunday
September 15 at 11:00 AM to 12:30 PM
Cannot make the Open Houses?
Location: 1072 Main Street, Haverhill, MA 01830    Get Directions

Similar Properties





Categories: New Homes  


Posted by Todd Alperin on 9/11/2019


54 Highland Avenue, Lynnfield, MA 01940

Single-Family

$589,900
Price

7
Rooms
3
Beds
1/1
Full/Half Baths
Seller says make an offer! Amazingly renovated and rarely available desirable quiet side street home with no cut thru traffic & just steps from Pilings pond & boat ramp. This 3 bedroom house has underwent major renovation in the past 3+ years. Some features are: new drywall, doors, trim, radiator cabinets, paint throughout house. All new electric throughout house, recessed lighting, new internal 200 amp service panel & new external service panel & new electrical service from street to house. Updated plumbing in both bathrooms. New floors, cabinets & fixtures. Ductless AC on 1st floor. All walls & ceilings have new insulation for energy efficiency. All windows have new trim inside & out, sealed to be energy efficient. New bamboo flooring in completely renovated kitchen w/new cabinets, granite countertops, recessed lighting, new fixtures & SS appliances. New 8x17 shed. Two car garage w/brand new door.Lynnfield Marketplace & Whole Foods is 5 minutes away. Quick closing possible!
Open House
No scheduled Open Houses

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Categories: Price Change