Ken Rutherford, CRS. Counseling Buyers and Sellers of Residential Real Estate in the Tulsa Metro Area Since 1992, 'KenSellsHomes'
Showing posts with label Tulsa Homes. Show all posts
Showing posts with label Tulsa Homes. Show all posts
Saturday, September 22, 2012
Closing Bank Accounts and Your Credit Score
Many people don’t know that closing accounts can affect your credit score – but not always in a positive way! Knowing the right way to close an account will help you maintain healthy credit.
The right way
Before you close any accounts, you should first evaluate how many accounts you have, what they are costing you, what you use them for, and how they may affect your credit score. Closing an account may save you money in annual fees, or reduce the risk of fraud on those accounts, but closing the wrong accounts could actually harm your credit score.
Check your credit reports online to see your account status before you close accounts to help your credit score. A good mix of credit is important, and too many accounts of the same type may be hurting your score. But remember, accounts that have been open for a long time, and those with high credit limits but low balances, may have a positive impact on your credit score.
If you still decide to close some accounts to help your credit score, start by looking at inactive accounts that you no longer use. Cards that you don’t use, but charge high annual fees, may be candidates for closure in order to save you money.
When you close accounts, remember to keep at least one of your older credit accounts open. And consider keeping enough accounts open so your total balances on all open cards is less than 35% of the total credit limits.
If controlling your spending is a problem, designate one card for regular use and try to pay the balance in-full each month to help your credit score. Keep the other cards in a safe place for emergencies only so that you are not tempted to overspend.
The wrong way
Try not to close the oldest account on your credit reports. This could shorten your active credit history and damage your score.
Don’t just throw away old cards and expect your accounts to close automatically. When you close accounts, the correct way is to call or send a letter to the customer service department of the card issuer (not the credit reporting company). You should receive an account closing confirmation letter in 10 days.
You shouldn't be tempted to cancel several accounts all at once when you close accounts. Gradually paying down and closing accounts may be the best plan if you are unsure about the impact on your credit score, or the amount of debt you need to carry. If you want to cancel multiple credit accounts, space the closures over time to avoid this being viewed negatively by potential creditors.
Avoid putting all your balances on one card as you close accounts to help your credit score. If your credit balance increases to above 35% of your available limit on that card, it could negatively affect your credit score.
Keep monitoring your credit reports for updates once the accounts are closed to help your credit score. Wait 30-60 days for the creditor to report the closed account and the credit reporting companies to update records. While the accounts and payment histories will stay on your report for seven or more years, they should be marked as "closed."
Wednesday, January 26, 2011
9012 E. 87th St. Tulsa OK. 74133
| |||||||||||||||||||||||||||||||||
Thursday, March 5, 2009
Mobile Solution to your home search
Did you know that when you drive by a house that has a real estate FOR SALE sign in front of it you can get all of the details from your internet capable mobile phone. If your phone has Internet access, then enter the URL http://kensellshomes.mobi/ Once you have gained access to kensellshomes mobile site you can enter the first few numbers of the address. The home will be displayed on your mobile phone. You can view the interior pictures, price and all of the amenities. You can even map it.
Be sure and register the first time you save a home that you are interested in. The homes will be E-maled to me so that I can arrange for you to see them.
Be sure and register the first time you save a home that you are interested in. The homes will be E-maled to me so that I can arrange for you to see them.
Terry and I continue to search for ways to make your home buying or selling experience less stressful and more profitable. Give is a call. KenSellsHomes.
Ken Rutherford,CRS
Ken Rutherford,CRS
918-260-9932
Monday, February 16, 2009
American Recovery and Reinvestment Act.
Here is an update on the stimilus bill from Zeke Cancey with Coldwell Banler Mortgage.
Tomorrow President Obama is to sign the American Recovery and Reinvestment Act.
Below is an overview of changes that will effect the First-Time Homebuyer Credit program:
* Credit is 10% of the sales price up to $8,000. This is an increase from the previous maximum of $7,500.
* The repayment period of 15 years will be waived.
* If the home is sold within 3 years though the entire credit will be recaptured.
* The termination deadline will be extended from July 1st to December 1st 2009
* Purchasers can now use a revenue bond financing program (state/local bond program)
Let me know if you have any questions
Zeke
Zeke Chancey
Mortgage Advisor
Coldwell Banker Mortgage
918-260-6915
ezekiel.chancey@mortgagefamily.com
http://zekechancey.coldwellbankermortgage.com/
Tomorrow President Obama is to sign the American Recovery and Reinvestment Act.
Below is an overview of changes that will effect the First-Time Homebuyer Credit program:
* Credit is 10% of the sales price up to $8,000. This is an increase from the previous maximum of $7,500.
* The repayment period of 15 years will be waived.
* If the home is sold within 3 years though the entire credit will be recaptured.
* The termination deadline will be extended from July 1st to December 1st 2009
* Purchasers can now use a revenue bond financing program (state/local bond program)
Let me know if you have any questions
Zeke
Zeke Chancey
Mortgage Advisor
Coldwell Banker Mortgage
918-260-6915
ezekiel.chancey@mortgagefamily.com
http://zekechancey.coldwellbankermortgage.com/
Ken Rutherford,CRS
918-260-9932
Wednesday, April 23, 2008
10 sure fire tips to Increase the Value of your home and make it more saleable.
Tip 1: Spend an hour with a real estate pro,
Invite a realtor, PREFERABLY ME, or interior designer over to check out your home. I will do this as a courtesy, but you will probably have to pay a consultation fee to a designer unless your home is listed with me and then it is a service I provide free. If not listed with me, check with several designers in your area; a standard hourly fee is normally less than $100, and in an hour they can give you lots of ideas for needed improvements. Even small suggested improvements, such as paint colors or furniture placement, can go a long way toward improving the look and feel of your home.
Invite a realtor, PREFERABLY ME, or interior designer over to check out your home. I will do this as a courtesy, but you will probably have to pay a consultation fee to a designer unless your home is listed with me and then it is a service I provide free. If not listed with me, check with several designers in your area; a standard hourly fee is normally less than $100, and in an hour they can give you lots of ideas for needed improvements. Even small suggested improvements, such as paint colors or furniture placement, can go a long way toward improving the look and feel of your home.
An alternative to hiring a designer is to search for remodeling and decorating inspiration in design-oriented magazines, books, TV shows and websites. Simply tear out or print off the ideas you want to try and start your to-do list. Keep it simple — when remodeling on a tight budget, do-it-yourself projects are best.
One of the most cost-effective improvements of all is paint! Freshly painted rooms look clean and updated — and that spells value. Keep in mind that neutral paints appeal to the greatest number of people, therefore making your home more desirable. On average, a gallon of paint costs around $25.00 leaving you plenty of money to buy rollers, painter's tape, drop cloths and brushes. So buy a few gallons and it'll be sure to add to the value of your home.
If you aren't planning to sell your house immediately, plan for the future with a landscaping improvement that will mature over time. Plant shade trees — not only will mature trees make your home more desirable but a fully grown, properly placed tree can cut your cooling costs by as much as 40 percent. Mature landscaping is also good for the environment, providing a necessary habitat for wildlife while adding valuable curb appeal and value to your home.
Tip 5: Replace any worn carpets or area rugs.
Are your carpets and area rugs stained or worn? Nothing turns buyers off more than the thought that they will immediately need to replace all of the flooring in a home. Ideally, you may want to replace them all, but if a limited budget puts a snag in that plan, start by replacing the carpet in the room that shows the most wear and tear and replace the others as your finances allow.
Tip 6: Get help with getting organized.
Hire a professional organizer for a day. They will show you how to organize various rooms in your home and teach you tricks for keeping it organized. How does this increase your home's value? Simple — a clutter-free home appears cleaner and larger, which is more attractive to homebuyers and therefore more valuable.
Curb appeal is crucial to enhance the value of your home. As visitors enter, the front door serves as the transition into your home and is part of their first impression. Entry doors are architectural components that should complement your home's overall design, not detract from it. If your existing front door isn't up to par, head down to your local home improvement store for a more energy-efficient and attractive replacement or spruce it up with fresh varnish or paint .
The condition of your home's exterior is key to the overall curb appeal, so refresh that facade with a coat of paint. Fresh exterior paint will not only preserve and protect your home's exterior siding — the right paint color can make a dull home dazzling. By the same token, a house painted with an overly bright or overly bland color will make a house less appealing and hurt the value, so choose your colors wisely. Should you decide to put your house on the market and the exterior paint looks bad, a buyer will assume that the interior of the home has been neglected too and drive right past.
Ask any real estate expert what the number one upgrade with the greatest return is, and the answer will be the kitchen!
Hands down, one of the biggest returns on investment comes from a kitchen remodel. Most experts agree that if you plan on updating only one room in your home, it should be the kitchen. Large, open kitchens have become the social hub of the modern home. High-end touches like granite countertops, richly stained custom cabinets and energy-efficient stainless appliances are the gold standard in modern kitchens. Experts agree that kitchen remodels return an average of 80 to 85 percent of every dollar spent. You can expect an even higher return if you are remodeling a really outdated kitchen.
My listings sell FASTER and for more money! The average sales price of my listings is over 98% of the listing price, and my listings sell much quicker than the MLS average. My marketing tools are superior and my years of experience in all things real estate will insure your home buying or selling experience is pleasurable and profitable.
KenSellsHomes
Subscribe to:
Posts (Atom)