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Real Estate Search For Livingston Parish |
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Search Engines for Real Estate Multiple Listing Services (MLS)
If you are buying or selling your house it may pay you to get a Home Valuation Report. This report will give you an idea of the value of your house. I would not use it in leau of an appraisal but it is a great starting point at a very low price. This report uses an "Automated Valuation Model" which is a highly accurate computerized property value that has been designed to replicate the conventional appraisal method. These are the same reports used by Banks and Lenders during the loan process.
With mortgage rates at all time lows and people refinancing and swamping lenders, credit reporting agencies like Equifax are getting plenty of business. They are one of the big-three keepers of credit history alongside Experian and TransUnion. Many banks and credit issuers use the service Equifax offers to run credit reports. I have used Equifax on several occasions to see my credit score before I apply for a loan on a house. Before you start looking for a house to buy it may be worth your while to get your credit score. Banks offer better terms and interest rates to people having a above average credit score. One bank I used offered a .25% lower rate because my score was above 760. I have seen my credit score vary as much as 20 points from month to month. The balance you carry on your credit card can also affect your credit score. I was able to raise my credit score by 9 points one month by paying cash on most items I bought. Just this past February 2009 I purchased a house. With a credit score of 769 I was able to get a 30 year loan with 5% down at a very low interest of 4.35%. The cutoff on the 4.35% rate was a credit score of 260. So my advise to you is to know your credit score and use it to your advantage. Author: Bill Elsenrath Website: www.weekendrealestateinvestor.com
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