Buying a home that is farther away from work may have a lower mortgage payment, but you'd be surprised at how much more you'll spend by driving to work. Try comparing a house in-town to a less expensive house out-of-town & see the actual cost of commuting for yourself.
Please Sign Up For The Latest Listings and the Latest Real Estate News
Financing Your Home >Credit Card Mania
Most people know that a checkered credit history can disqualify you for a home loan, and maxed-out credit cards can do the same thing. But what most people don't know is that merely having a large number of credit cards, even with low balances and a history of timely payments, can disqualify you for a home mortgage loan just as quickly.
According to credit experts, having a number of credit cards can be just as detrimental to the granting of further credit as a history of late payments. Lenders look at it this way: If you have ten credit cards, each with a limit of $5,000, that means you have the potential to run up $50,000 in debt virtually any time you choose. That mere possibility makes you a greater risk, from their point of view.
The moral of the story? If you are planning to apply for a home loan in the future, keep only those credit cards you actually need to use and cancel the others.
Tracie Kersten and Ryan Mathys Profund Financial and Real Estate 7777 Fay Ave #G4 La Jolla CA 92037 Ryan Cell: (858) 405-4004 Tracie Cell : (619) 886-5294 Fax: (619) 374-2426 Ryan Email: ryan@profundrealestate.com Tracie Email: tracie@profundrealestate.com
As the founders of ProFund Financial & Real Estate, we are able to offer a unique service and value to our clients by representing them in buying or selling their home as well as providing an extensive choice of financing options. This allows us to offer our clients a full service package that can be worth thousands of dollars in savings. We take a big picture approach to helping our clients over a lifetime, not just the transaction. We do this by educating clients about real estate and financing, communicating throughout the transaction and following up long after it is completed. We believe that everyone deserves GREAT representation and service. The right team can make all the difference, just ask our clients.
Company DRE License #01524357
Tracie Kersten: #01137669
Ryan Mathys: #01361941
www.ProFundRealEstate.com is brought to you by
Tracie Kersten and Ryan Mathys NUMBER1EXPERTS™ in real estate for
Point Loma, Pacific Beach and North Park, California, downtown metro properties, luxury estates
- NUMBER1EXPERTS™ 
