Win With Lynn - Realconometrics
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Commercial of the Week
- Negative events like bankruptcies, liens, collections, foreclosures and slow pays. “Depending on the seriousness of the event, it can stay on your report for as long as 7 years,” said Hood. “The older the negative event, the less impact it has on your score.”
- A ratio of your debt balances (like credit cards) to available credit. “Low balances are good,” adds Hood. “There is no ideal utilization of credit card availability credit, but keeping any one card – and the total balances across all cards – to less than 50 percent is preferred.”
- Public record information. “If you have a lot of unpaid speeding tickets, it will affect more than your car insurance rates,” warns Hood. “Some public record items can remain on your report for 10 years, so avoid judgments from unpaid tickets and other legal actions.”
- Number of recent inquiries which means credit applications you’ve made – not inquiries by credit companies looking to pitch you a new card or insurance companies you engage to change car insurance. Now is not the time to buy a new car or replace the refrigerator if you can help it. “Limit your new credit account inquiries to maximize your score.”
- Number of credit lines on your report. “Too many credit cards and credit lines can lower your score. The score benefits those with a balance of credit cards, installment loans and mortgages.”
- Number of years you’ve had credit reported to the bureau. “The longer the history the better, but people in their twenties can qualify for homes,” adds Hood. Establish a solid record of pay history as soon as possible. Typically, the best approach to developing a credit score is to have three credit lines “open for no less than 12 months.”
- Pay your bills on time.
- Keep your credit card balances low.
- Clean up judgments, liens and other delinquencies from your credit bureau reports.
- Don’t open new credit accounts unless absolutely necessary.
- Don’t close your oldest credit accounts unless absolutely necessary.
- Correct common errors on your report like incorrect loan balances, credit limits, delinquency dates and open/closed statuses.
- More than a third of disputes have to do with collection accounts
- Collections are 5 times more likely to be disputed than mortgage delinquencies
- Few than 1 in 5 people obtain a copy of their credit report on an annual basis
- 1 in 5 consumers will receive a credit score that is substantially different than what the lender or creditor will see
- Great Schools -Pecan Creek Elementary is in the neighborhood
- Great Neighbors-Neighbors that care about the community, their kids, their homes
- Neighborhood Amenities-Swimming Pool, Community Center, Playground, Hike & Bike Trails
- Easy access to the A-Train MedPark station (to downtown Denton or downtown Dallas) and I35E
- Trees-Trees- and more Trees (this is NOT common for North Texas)
- Quick access to fishing and boating at Lake Lewisville, one of the largest Lakes in North Texas
- Nearby golf at family friendly Oakmont Country Club and Timber Links Golf Course
- State of the art Denton Regional hospital and medical care near the entrance to the community
- Awesome higher education access at TWU, UNT, and NCTC
- Jazz, Rudy's BBQ, History, and lots of other fun things to do in Denton
- During the 12 months ending in September 2011, 26,512 multifamily building permits were issued, 59 percent more than one year ago.
- September 2011 existing single-family home sales were 14 percent higher than in September 2010.
- In September 2011, the Texas foreclosure rate was one in every 985 mortgages, substantially better than Nevada's one in 118, California's one in 259 and Utah's one in 408.
Nice one. Buckle up.
Know the Score and Get The Best Possible Mortgage Rate
Re-posted with permission of Lynn Hood.... by the way I am very very picky about what loan officers we recommend.
Hands down over and over and over consistently for many years Guardian wins. Ever had a mortgage company get the file finished and to the title company two weeks before closing? I have...and that was with Guardian. Never missed a closing time, even when I have given them the file as little as two weeks before closing. Competitive rates for my customers and just about the lowest fees I have ever seen with any lender...over and over and over. Now on to the credit score and getting the best rates.....
| By Lynn Hood, Loan Officer, Guardian Mortgage Company, Inc. Has this happened to you? A hopeful young couple recently filled out all the paperwork to get approved for a loan and was shocked to discover the high rate for which they qualified. “But I checked my credit score online!” said the young man. “Many people rely on those quickie credit score calculators online and don’t realize that mortgage underwriters use different factors to figure credit score,” says Lynn Hood, loan officer at Guardian Mortgage Company’s Arlington, Texas office. “Even if you get a credit score from one of the credit bureaus, it may not be the same as the score used by a lender or take into consideration all the factors we have to.” Fewer than one in five people actually obtain copies of their credit reports on an annual basis. The most effective way for consumers to identify errors in their reports is to review them annually. So what is credit score and how can you make it better? According to Hood, a credit report is simply a tool to help lenders assess this risk of lending to a potential borrower by providing their credit history and the score provides the ranking for credit quality of that history with the potential for default. Statistically, potential homebuyers with a score of 600 or less, for example, have an 87% chance of default while those with 700-719 only have a 5% likelihood of defaulting on the loan. “Credit score can make a huge difference in the interest rate you will pay on your mortgage – most likely the biggest thing you ever buy,” notes Hood. What is in Your Credit Score? There are differences in the scoring models consumers can access vs. those credit lenders may obtain. However, the differences are not typically sever with only one in four being a credit-quality category impactor. Consumers cannot know ahead of time whether the score they purchased from an online site will closely track or vary moderately or significantly from a score sold to creditors. Thus, consumers should not rely on credit scores they purchase exclusively as a guide to how creditors will view their credit quality. Much like a grade in school, different factors on credit scores are weighted. On-time payment is about 35% of your score; outstanding debt (balances) is 30%; credit history is 15%; inquiries and new credit is 10%; and types of credit are 10%. “Some people erroneously think they need to have lots of different types of credit to get approved for a mortgage, but it is only 10% of the overall score. Having a low balance and on-time payments are much more important,” says Hood. Six Ways to Improve Your Credit Score The first step is to get your credit report from each bureau. They are required by law to make it available for free to everyone once per year. You can get yours online or by mail. Review it carefully. It is not uncommon for there to be mistakes. Experian: www.experian.com When you note a mistake, send a letter (with delivery confirmation requested) to both the credit bureaus and the creditor explaining what is in error. Provide your back up documents, but don’t send your originals. Include a copy of the credit report you used to identify the error and ask that the information be corrected. Why should you send multiple copies (one to the bureaus and one to the creditor)? Because credit reporting companies resolve an average of 15 percent of the consumer disputed items internally, without getting the data credit furnishers involved. The remaining 85 percent are passed on to the creditors. Ensuring both parties have the needed information improves your ability to have the issue resolved in a timely manner. Here are a few points that the CFPB recently reported about consumer’s experiences with working with credit bureaus: “People are often surprised at what they find on their credit reports. We especially see mix-ups with people of the same name like “Senior” and “Junior,” or old items that were never removed that should have dropped off after a certain amount of time. Collections agencies are particularly bad about recording payments to the credit bureau.” Each credit bureau has a process for correcting mistakes. Often it is as simple as providing proof of payment or disputing an item. Disputing an item will cause them to begin an inquiry with the credit reporter. It can take weeks and you will want to make sure to get another copy of your report before moving forward on your mortgage application. If your credit card balances are high, you may want to consider spending a few months paying them down before applying for a mortgage. Lastly, don’t apply for new credit for a while. It makes it look like there may be additional debt unknown to the underwriter or that your spending may be increasing. After you get your home, you can then get other loans for life’s necessities. “There are a lot of factors and your score is constantly changing,” said Hood. “Clients with a poor or too-low credit score can usually improve it significantly within six months to a year by following these steps.” So what happened to the young couple? “They decided to wait a few months until they could get their credit report corrected,” said Hood. “Now they have a home at a low rate with the payment they can afford.” Have more questions about improving your credit score? Contact an experienced loan officer like Lynn Hood at Guardian Mortgage Company today about your specific situation. Guardian Mortgage Company has been serving North Texas since 1965. Lynn Hood (817) 261-7235 or LynnHood@gmc-inc.com. |
Top 10 Remodeling Projects That Offer the Biggest Returns
Lots of customers ask if they should do this or do that to improve their sales prices.
Usually the most bang for the buck is kitchens and bathrooms.
However rarely is it cost effectve to replace the entire cabinets....just update with hardware, perhaps paint.
If you have wallpaper anywhere, in most cases it is time to go.
Anyway here's a link to the article....from NAR research.
Top 10 Remodeling Projects That Offer the Biggest Returns
Another Great Superbowl Commercial
Best Advertisement of the Week.
Buy a car, get a hot girl, get lots of hot girls, get great dance moves, get on a cover, win a race, make the devil disappear. WOW.....this car is going to be on fire.
Commercial of the Week --Jiffy Lube
They have several in this series....all I think are pretty good commercials and you know how picky I am.
Best Advertisement of the Week.
I just saw this one...but fantastic. All marketing should be like this.
Commercial of the Week
I know lots of companies are trying to appeal to a new generation.
Here's a great way to do it.
Top Ten Real Estate Markets for Investors (Part 2) | REALTOR.com® Blogs
Top Ten Real Estate Markets for Investors (Part 2) | REALTOR.com® Blogs
YEAH... I just got quoted for this article. Nice article. Too bad they got my company name wrong. Website is right though, so I guess people can figure it out.
If you are buying an investment property in Fort Worth or anywhere in the DFW metroplex give us a call. You can also checkout my Top Ten lists for Fix and Flips, Buy and Hold, and Cool properties at my TeamLynn.com website or by clicking on any of the links.
The Preserve at Pecan Creek Denton, TX 76208
The Preserve at Pecan Creek in Denton, TX 76208
You'll often wonder why or where some communities received their name? As I was told by one of the area's largest developers today, she picked that name because she liked it. Well The Preserve at Pecan Creek in this case is very fitting. It is lush and natural and filled with trees and green areas, bordering Pecan Creek that feeds into Lake Lewisville . This a neat hidden gem of a community, just off I35E in the Southern part of Denton. Mostly hidden from the highway and commercial area, but close enough to be really convenient to the highway, Denton and Dallas.
There are currently approximately 750 homesites in The Preserve at Pecan Creek and new home builders still active. The master developer is Forestar and the current builders are Beazer, Standard Pacific and First Texas Homes. The master plan for the community shows about 70 percent complete as of Spring 2012. Homes range from approximately 1800sqft to more than 4000sqft with prices from the 130s to the low 300s. The smaller homes will typically be 1 story with 3bedrooms, 2baths, and a 2car garage. The larger homes will typically have 4-5 bedrooms, 3-4 baths, and 2 or 3 car garage on larger than average lots. Prices and values are some of the best in the DFW Metroplex in my opinion. Combine that with the traditionally low property taxes for Denton County and you have a great place to live. As is common with many master planned communities, the neighborhoods are broken up into various sections often based on the size of the lots and the size of the homes.
The Top Ten reasons to live at The Preserve at Pecan Creek .
Homes for Sale in The Preserve at Pecan Creek
Homes for Rent in or NEAR The Preserve at Pecan Creek
New Homes for Sale in The Preserve at Pecan Creek
Hilltop Coke Commercial Turns 40 Years Old
This one is old....40years old, but it works...and still works. I'm surprised they don't recycle these now and then. Does Coke even still do TV advertising?
Top Ten Cool & Unique Buys in DFW December 2011
Each month we post the Top Ten Cool and Unique Buys we've found for sale in the DFW Dallas Fort Worth Metroplex. There are normally a variety of styles, ages, sizes, and prices. Some have unique locations, some are historic renovations, some are contemporary, some are just down right cool homes. Sometimes they're great investment properties. Sometimes they're great family homes. Sometimes they have acreage. They often move very fast due to being a top find, so if you are interested in one of these properties, please call us immediately. The phones are often busy, so if we don't answer, leave us a voicemail and we'll call you back.
Check back each month for our latest finds . If what you need isn't listed here, send me an email at rb@@@@teamlynn.com or call me at 214-675-6992 and we will set up a search specifically to meet your needs. That way you can beat other buyers to the best properties. You might notice at times there are more than TEN best buys. That's just one way we add value for our clients. We always try to meet, but beat your expectations. Most realtors hate unique homes, I thrive on them, so if you are looking for a unique home, call me first and we'll do our best to find you the right home for your needs.
If you have a unique home and need to sell and your favorite realtor is walking your home saying "Oh my", give them the Donald Trump "You're fired" and hire me. You want to hear "WOW", "Cool", and "Awesome" from the realtor who will sell your home. Plus you home can be featured here and exposed to buyers who don't want a tract home.
2011 Property Tax Rates for the DFW Dallas Fort Worth Metroplex Area
Many buyers ask me about tax rates for different cities and counties. Now at my teamlynn.com website you can find a link to many of the city and county tax rates for the DFW Metroplex area. Just click on DFW Property Tax Rates to download this .pdf courtesy of Republic Title.
My advice is don't always focus on the cities with the lowest tax rates. That may not be the best pick for appreciation, quality of schools, quality of services, etc. You should factor into your home buying decision much more than tax rates.
One thing to consider is transfer fees and HOA fees. Some master planned communities now have transfer fees when you sell a home. I've never seen a list of HOA fees that different communities charge, but if you come across one for the North Texas area please drop me an email.
While some people from other states think our property tax rates are high, remember our home values may be lower and we are one of two states with no state income tax. Checkout the artcle in Tierre Grande -"High Tax Anxiety" We raise our taxes through property taxes here in Texas. The lowest property tax rates in the DFW area are approximately 2% of the appraised value of your home, while the highest are approximately 3%. There are exemptions discounts in some areas if you use the home as your personal residence and is your homestead, if you are over 65, or a disable veteran.
As always if you are thinking of moving to the DFW Dallas Fort Worth Metroplex are, please give me a call and feel free to search the North Texas MLS by clicking one the the links.
FOR SALE 2431 Southcourt Circle, Irving, TX 75038
This townhome is priced almost $30,000 under the market.
Come checkout out this relo property and make a great deal for the new year.
Quiet, Gated Community near Northlake College, the new DART Orange Line, Las Colinas, DFW Airport, and many major freeways.
For more homes in Lakeside Landing and other areas;
Condo and Townhome developments in Irving check out:
Commercial of the Week
Rent?s Upward Ride: Could Prices Follow?
Rent?s Upward Ride: Could Prices Follow?
Bruce Lynn, Your Realtor
Keller Williams Realty
214-675-6992
rb@teamlynn.com
www.teamlynn.com
Real Estate is Looking Up in Texas
From the Texas State Comptroller's Texas Ahead website .... It features two tools ? "Economic Outlook" and "Tracking the Texas Economy" ? that can keep you up to date on the Texas economy.
Among the site's latest updates:
The website also allows you to be notified via e-mail anytime new information is added.
Check it out and let us know about any other websites you use to get update information on real estate and the economy.
Source: Real Estate Center Online News
Bruce Lynn
Keller Williams Realty
120 S. Denton Tap #305
Coppell, TX 75019
214-675-6992
rb@teamlynn.com
www.dfwSnapshot.com
www.realconometrics.com
www.MetroplexHomeSalesInfo.com
HOT Properties for Rent or Lease in Arlington, TX
FREE Search for Arlington Homes for Rent or Lease
Tips for getting the very best rental:
Fill out your application before you ever look...one per adult.
Have your application fee ready...normally $35-$50/person.
Fill everything out on the applications, phone numbers, emails, addresses.
Make it easy for the landlord to verify your information.
Make it easy to read....take your time....make it look nice.
Have your deposit ready, normally one month's rent.
Look 30-40 days before you want to move in.
You may have to give notice at your current place first.
Most landlords won't hold a property 60-70 days waiting for you to move.
Include copies of your last two paychecks with your applications.
If you are in a new job, get a copy of your offer letter.
Include any other information you feel will support your case and make the landlord want to take you.
The competition is stiff these days. On many properties we get multiple applications.
Top Ten Cool and Unique Homes in DFW Dallas Fort Worth Metroplex July 2011
Each month we post the Top Ten Cool and Unique Buys we've found for sale in the DFW Dallas Fort Worth Metroplex. There are normally a variety of styles, ages, sizes, and prices. Some have unique locations, some are historic rennovations, some are contemporary, some are just downright cool homes. Sometimes they're great investment properties. Sometimes they're great family homes. Sometimes they have acerage. They often move very fast due to being a top find, so if you are interested in one of these properties, please call us immediately. The phones are often busy, so if we don't answer, leave us a voicemail and we'll call you back.
Check back each month for our latest finds. If what you need isn't listed here, send me an email at rb@teamlynn.com or call me at 214-675-6992 and we will set up a search specifically to meet your needs. That way you can beat other buyers to the best properties. You might notice at times there are more than TEN best buys. That's just one way we add value for our clients. We always try to meet, but beat your expectations. Most realtors hate unique homes, I thrive on them, so if you are looking for a unique home, call me first and we'll do our best to find you the right home for your needs.
If you have a unique home and need to sell and your favorite realtor is walking your home saying "Oh my", give them the Donald Trump "You're fired" and hire me. You want to hear "WOW", "Cool", and "Awesome" from the realtor who will sell your home. Plus you home can be featured here and exposed to buyers who don't want a tract home.
See some cool Texas homes here.
Top Ten Condo Buys in DFW Dallas Fort Worth Metroplex May 2011
DFW Dallas Fort Worth Condos and Townhomes:
Each month we post the Top Ten DFW Condo and Townhome buys we've found for sale in the DFW Dallas Fort Worth Metroplex. There are normally a variety of styles, ages, sizes, and prices. Some have unique locations, some are historic rennovations, some are contemporary, some are just downright cool condos and townhomes. They often move very fast due to being a top find, so if you are interested in one of these properties, please call Bruce immediately at 214-675-6992. The phones are often busy, so if we don't answer, leave us a voicemail and we'll call you back.
Check back each month for our latest finds. If what you need isn't listed here, send me an email at rb@teamlynn.com or call me at 214-675-6992 and we will set up a search specifically to meet your needs. That way you can beat other buyers to the best properties. You might notice at times there are more than TEN best buys. That's just one way we add value for our clients. We always try to meet, but beat your expectations. Most realtors hate condos and townhomes, I thrive on them, so if you are looking to buy or sell a DFW area condo or townhome, call Bruce first at 214-675-6992 and we'll do our best to find you the right home for your needs.
If you have a Condo or Townhome to sell and your favorite realtor is walking your home saying "Oh my", give them the Donald Trump "You're fired" and hire me. You want to hear "WOW", "Cool", and "Awesome" from the realtor who will sell your home. Plus you home can be featured here and exposed to buyers who specifically want to buy and live in a condo or townhome.
Top Ten Dallas Fort Worth Condos and Townhome Searches:
Specific Dallas Fort Worth Condos and Townhome Searches:
Design District Area Condos
Highland Park / University Park Condos
Greenville Avenue Area Condos
Oak Lawn Condos
Victory Park Condos
Dallas Luxury Condos
Fort Worth Luxury Condos
Condos in 75201, 75202, 75204, 75205, 75206, 75207, 75219, 75226, 75246
Top Ten Cool and Unique Buys in DFW Dallas Fort Worth Metroplex May 2011
Each month we post the Top Ten Cool and Unique Buys we've found for sale in the DFW Dallas Fort Worth Metroplex. There are normally a variety of styles, ages, sizes, and prices. Some have unique locations, some are historic rennovations, some are contemporary, some are just downright cool homes. Sometimes they're great investment properties. Sometimes they're great family homes. Sometimes they have acerage. They often move very fast due to being a top find, so if you are interested in one of these properties, please call us immediately. The phones are often busy, so if we don't answer, leave us a voicemail and we'll call you back.
Check back each month for our latest finds. If what you need isn't listed here, send me an email at rb@teamlynn.com or call me at 214-675-6992 and we will set up a search specifically to meet your needs. That way you can beat other buyers to the best properties. You might notice at times there are more than TEN best buys. That's just one way we add value for our clients. We always try to meet, but beat your expectations. Most realtors hate unique homes, I thrive on them, so if you are looking for a unique home, call me first and we'll do our best to find you the right home for your needs.
If you have a unique home and need to sell and your favorite realtor is walking your home saying "Oh my", give them the Donald Trump "You're fired" and hire me. You want to hear "WOW", "Cool", and "Awesome" from the realtor who will sell your home. Plus you home can be featured here and exposed to buyers who don't want a tract home.
2431 Southcourt Circle, Irving, TX 75038
2431 Southcourt Circle, Irving, TX 75038
Lakeside Landing Townhomes Irving, TX 75038
Lakeside Landing Townhomes in Irving, TX
Overview:
One of my favorite townhome communities in Irving and near the airport is the community of Lakeside Landing. It is a gated community with two phases. Lakeside Landing Townhomes Phase II is the newer half, built mostly in 1997 and in the back of the development, just barely visible from Walnut Hill near the front entrance. A few of the homes are viewable at a distance from Story road. There are 20 one bedroom homes and 38 two bedroom homes. All have one car garages and small yards and the community has it's own pool. The one bedroom homes range in size from approximately 873 to 974sqft. The two bedroom homes range from approximately 1178 to 1274sqft. One unique features I like about this community is that the HOA takes care of both the front AND the back yards. All are two story with either one or two bedrooms and on the second floor, each with it's own bath and one half bath on the first floor.
Lakeside Landing Townhomes Phase II has 60 homes and is a little older of course, built mostly in 1983 but is also gated and has it's own community pool. This phase has homes with 1, 2, or 3 bedrooms and either 1 and 1/2 baths or 2 and one half baths. The one bedroom homes are approximately 938 sqft ranging up to 1292sqft for the 3bedroom homes. This phase has carports for one or two cars. There are no private backyards, but there is a half fenced area in the front of the homes. All are two story homes.
Both communities are just on the outside edge of Las Colinas and in the midst of million dollar homes in Cottonwood Valley. The neighborhood is also just a few short minutes to Northlake College and the Dart Rail Orange line expansion that will eventially connect DFW airport with downtown Dallas. There's also easy access to DFW and LUV field airports.
Townhomes for Sale, Rent, or Lease in Lakeside Landing:
In my opinion this neighborhood has been very stable and turnover in this neighborhood is very slow. People tend to buy and stay. Listed below are the homes currently available in both phases for sale or for rent.
Buying, Selling, Leasing or Investing:
If you would like to buy, sell, lease, or invest in the Lakeside Landing Community in Irving, TX or anywhere else around Irving, DFW Metroplex, Texas, or Around the World, call Bruce at 214-675-6992 or drop me a line at rb at TeamLynn.com
DFW Dallas Fort Worth Metroplex Estate, Retirement, and Moving Sales
Are you the executor of a will?
Do you need to clear out the estate of a relative, friend, or loved one?
Check out the following DFW Estate Sale companies:
Lucy and Ethel Do Estate Sales
We also specialize in helping families sale estate homes in all conditions, shapes, and sizes. Call us today, even before you call for estate sales help at 214-675-6992.
Contact us for a preferred list of trades who can help you get your home in tip-top sale ready condition. If you just want to sell the home as is, our investors can make a cash offer on your home today and normally close in a few days with no out of pocket costs to you. Call today for a free consultation.
Bruce Lynn, Realtor
Keller Williams Realty
214-675-6992
www.teamlynn.com
rb@teamlynn.com
Top Ten LAND deals in the DFW Dallas Fort Worth Metroplex Area for February 2011
Each month we post the top ten DFW LAND buys we've found for sale in the DFW Dallas Fort Worth Metroplex. Often these are foreclosures that need work, but sometimes they're just plane good deals depending on your needs. Sometimes they're great investment properties. Sometimes they're great lots. Sometimes they're great farms and ranches. Some have a little acreage. Some have a lot of acerage. Sometimes they are just some of the lowest priced homes in the area. Sometimes they're in the city and sometimes in the country. There are often land deals in almost every price range. We have had deals as low as $100,000 posted as well as homes in the $1,000,000s. They often move very fast due to being a top find, so if you are interested in one of these properties, please call us immediately. The phones are often busy, so if we don't answer, leave us a voicemail and we'll call you back.
Check back each month for our latest finds. If what you need isn't listed here, send me an email at rb@teamlynn.com or call me at 214-675-6992 and we will set up a search specifically to meet your needs. That way you can beat other buyers to the best properties. You might notice at times there are more than TEN best buys. That's just one way we add value for our clients. We always try to meet, but beat your expectations. If you or anyone you know is selling or buying real estate in the DFW Dallas Fort Worth Metroplex area, please feel free to pass along this link or have them contact me directly.
