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  • Cathi & Ben Walter
  • Sales & Marketing Specialist, Realtor
  • 44530 San Pablo, Suite 101
  • Palm Desert, CA 92260
  • P: (760) 218 – 5752
  • F:
  • E: Cathi@DesertAreaHomeFinder.com
  • DRE# 01346930
  • Contact
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A Message From Cathi & Ben...

We hear similar stories repeated in different ways from our clients; At first, they look forward to stolen weekend's to golf & relax in the desert - they gradually discover they're crafting ways to spend more time here until it becomes clear, life just doesn't get any better than this."

Once that realization hit's, the process of change begins... We know what an extraordinary commodity your home is - buying or selling a home can be one of the most important decisions you will make and having the right team on your side will make the difference.

We specialize in homes throughout the Palm Springs Valley including Palm Desert Real Estate & Homes, Indian Wells Real Estate & Homes, La Quinta Real Estate & Homes, Rancho Mirage Real Estate & Homes, Palm Springs Real Estate & Homes& Indio Hills Real Estate & Homes. Whether you want to buy or sell an estate, lock & leave property with income potential, a resort property, land to build your dream home, or a property located in a country club or golf community we know the desert and are here to help. Our motto, If its important to you, it's important to us, guides us as we help our clients buy or sell a home in the desert.

Thank you for visiting DesertAreaHomeFinder.com, we hope you find our site helpful and we look forward to speaking with you it's easy, just click on the picture of a cell phone in the upper right corner of this web site and it will ring our cell phone directly.

Personal Messages

Are You Killing Your Credit Score?

Whether shopping for a Home Loan or Home Insurance, both Lenders & Insurers charge more and may even reject your request if you have a low FICO score.  The range of scores will go from 300 – 850 with 760 & above considered desirable.

Here’s how you may doing yourself harm.
1.) Bad Timing, Big Spender:
Credit ScoreThe bigger your total balance as a percent of your total credit, the lower your score will be.   Rex Johnson, with Lending Solutions Consulting, studies FICO sores.  He estimates you loose 1 point for every percent of your credit limit that you use.  If you have a total credit limit of $10,000 and an outstanding balance of $4,000. (40%), your score would be 40 points lower than if you had a $0 balance.  Ideally you want your balance below 30% of your limit.
BOOST YOUR SCORE:
Dont’ charge anything 60 days prior to applying for a loan.  If you can’t pay the balance off, try to keep it under 30% of your total credit limit.

2.)  Slacker:
FICO Savings and CostSending payments late really hurts.  Johnson says, if you’re 30 days past due and your balance is still unpaid, your score could take a 60 point hit.  That kind of drop could mean a much higher interest rate on  loans.
He estimates late payments from your past that have been paid off will have less and less affect as time goes on but may cost you 15-20 points.
BOOST YOUR SCORE:
Pay the bill in full and mail it when it arrives.  If you cannot pay it in full, pay at least the minimum payment due.

3.) Too Thin:
When it comes to your credit record, fat is good.  Even if you’re the most responsible bill payer, your credit score won’t be as high as it could be if you had even just one credit account.  Lenders like to see borrower responsibility managing a mix of revolving debt like credit cards and installment debt like a mortgage or car loan.
BOOST YOUR SCORE: If you’re too thin on credit, consider opening a credit card account or taking out a car loan or small bank loan to fatten your credit record.

4.) Nonchalant:
You may be a great credit risk, but your score won’t reflect that if there are errors on your credit report.  Unless you make yourself aware of what’s in your report a few months prior to applying for a loan, you’ll have no idea how a lender will perceive you, right or wrong.
BOOST YOUR SCORE:
Order a free credit report every year from each of the three major credit bureaus and make sure they’re accurate, if not get them corrected before applying for a home loan.

 

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Get In Touch

  • Cathi & Ben Walter
  • REALTOR ®
  • 44530 San Pablo, Suite 101
  • Palm Desert, CA 92260
  • P: (760) 218 – 5752
  • E: Cathi@DesertAreaHomeFinder.com
  • CalBRE# 01346930

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