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77069 : Real Estate Advice

  • All9
  • Local Info0
  • Home Buying5
  • Home Selling1
  • Market Conditions0

Activity 8
Fri Oct 10, 2014
Trevor Curran answered:
Good afternoon jogatatqm,

We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.

It is unlikely you could be approved for mortgage financing with that credit score at this time.

Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.

First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.

Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.

I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website.

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE.

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
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0 votes 11 answers Share Flag
Mon Jul 15, 2013
Arnold Richie answered:
Please let me know about the property as I have good buyers that might be interested.

Arnold Richie, Realtor®
Terry Burnaman Realtors
713-396-2017 281-788-8962
... more
0 votes 4 answers Share Flag
Sun May 12, 2013
Tabitha Wilson answered:
Certainly but there are many factors to qualifying for a home loan.
This company can do 580 FHA with 3.5 down. They are great tell them I sent you
0 votes 22 answers Share Flag
Fri Apr 12, 2013
Mark McNitt answered:
The tax rate will vary from area to area. In a general area, 2 factors are typically the same. School and County tax rates will be the same over a wide area.

The big difference is the water or MUD tax rate. If the home is a newer area, say like Shadow Creek Ranch, the water system is newer and the bonds to pay for them are higher, thus a higher tax rate for the MUD. As they build more homes, the rate might go down slightly, but still pretty high. This is the price you pay to be in a newer community.

If your looking for a lower tax rate, typically stay in older neighborhoods where those bonds were created 20 to 30 years ago at a much lower rate. Also within the city of Pearland itself might be a little less expensive on the water portion of your tax bill. Or finally, in a community with no water tax as well. Typically this would be an area that draws water from a well and you have a septic system for sewer. Realtors have ways to search for these types of communities.

Mark McNitt
m 832-567-4357
Bernstein Realty, Inc.
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0 votes 1 answer Share Flag
Fri Jan 4, 2013
Randy Brown answered:
The standard lease agreement from TREC has a sublet clause in it that makes a space for the amount of the surcharge than can/may require you to pay to sublet. My lease states the current tenant must pay $200 which compensates the landlord for running the credit check, re-writing a lease and accommodating any repair and maintenance issues for the new tenant. Additionally the lease has condition by which a landlord can accept or reject your choice of tenants. From a landlords point of view it will be a tremendous help to have the tenant find a qualified prospect to take over you lease. However your landlord will have the final say as to whether or not the applicant is acceptable. ... more
0 votes 2 answers Share Flag
Sun Mar 6, 2011
Mark McNitt asked:
Trying to get a fell of commute times from Willbrook Mall area of NW Houston to downtown for out-of-town buyer coming in. I'm assuming 45min-1hr at 7am heading in or 5pm returning.…
0 votes 0 Answers Share Flag
Sun Oct 4, 2009
Cindy Whiteside answered:
Prudential Gary Greene has a special section just for foreclosures and distressed properties. Call me at 832-689-6041 and we can set you on the right track.
0 votes 2 answers Share Flag
Sun Jan 6, 2008
Bruce Lynn answered:
There can be discrepancies between the websites. If you'll post the address I'm sure someone from Houston area can provide some more specifics.
1 vote 4 answers Share Flag
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