Thursday, August 10, 2023

Making a Beautiful DIY Summer-Themed Wreath 😁

Making a Beautiful DIY Summer-Themed Wreath - Nice Home Décor - for A Stylish Front Door

We're curating the best examples of Stylish Front Door wreaths and door decor for your summertime porch with this board. Scroll through for inspiration to decorate your door. Summer wreaths deserve to be part of your warm-weather decor during the other half of the year when DIY spring wreaths feel too seasonal. Find Inspiration, Decorating Ideas & Smart Solutions for Your Holiday Season. Get Ready For the Holidays and Find Seasonal Door Wreaths.

https://youtu.be/kl0EIFLD2Mo

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Thank you for joining Lucy and me today. Hope to see you next time.

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Tuesday, August 8, 2023

😁DIY Easy To Create Your Own DYI Lovely Coasters 😂

DIY Easy To Create Your Own DYI Lovely Coasters

DIY Lovely and Beautiful Coasters for Crafts DYI Easy Creative Coasters

For these colorful coasters, the supplies needed are scrapbook paper, mod podge, fabric glue, clear acrylic glaze, felt, a sponge brush, and ceramic tiles. Glue the paper to the tile and let it dry completely. Then paint over the paper and tile with mod podge. Let it dry, and repeat 2 or 3 times. While coasters come in various materials, from cotton to cork, the most absorbent choices are felt and porous stones like ceramic and sandstone. If you use one of these materials, your coasters can correctly manage any condensation from your glass.

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Thank you for joining Lucy and me today. Hope to see you next time.

Contact Information

Joan@CraftingWithJoan.com

www.CraftingWithJoan.Com

YouTube Home Page: https://www.youtube.com/channel/UC4qZqe4AOindr0xA88XbgtQ

Facebook: https://www.facebook.com/craftingwithjoan

Instagram: https://www.instagram.com/craftingwithjoan/

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Blog: https://craftingwithjoan.blogspot.com/

Copyright © 2023 Crafting with Joan All rights reserved.

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Monday, March 13, 2023

Can You Buy A House With Bad Credit in Arizona?

It is entirely possible to buy a house with bad credit In Arizona. If for nothing else, credit reports are essentially a measure to suggest how likely a borrower is to pay their debts back—not a binary indicator of whether someone qualifies for a mortgage. That said, better rates and opportunities are awarded to those with higher scores.

Learning how to buy a house with bad credit starts with undersigning what your current credit score is worth in the eyes of lenders. Here's a general scale of what borrowers can expect to receive concerning their current FICO Score:

Less than 580: Theoretically, borrowers may qualify for a loan with a FICO score lower than 580 (down to 500). However, any borrowers with a FICO score between 500 and 579 will be limited to FHA loans. Since borrowers with a score lower than 580 represent the most significant risk to lenders, the Federal Housing Administration will require their loans to be insured. In addition, to qualify for an FHA loan, borrowers must put down at least 10% and pay off any unpaid collections and judgments.

580 – 669: Borrowers with a FICO Score between 580 and 669 may also qualify for an FHA loan but won't necessarily have to put as much money upfront. Mo borrowers in this range may qualify for an FHA loan with as little as 3.5% down. Perhaps even more importantly—for some—this is the range that qualifies borrowers for loans guaranteed by the Department of Veterans Affairs (VA loans). This is also the range borrowers may be able to apply for a conventional loan (if they meet other requirements).

670 – 739: Borrowers with a FICO Score between 670 and 739 may apply for conventional loans. Since they represent less risk than the previous categories, borrowers with a credit score in this area will have more options.

740 – 799: Borrowers who fall under this category are considered to have a very good credit score, which means lenders are more willing to extend them more credit at a better rate.

Eight hundred or more: Anyone with a credit score of 800 or more represents the least amount of risk to lenders. Since borrowers in the category are the most likely to pay back their debts without defaulting, lenders and banks are more willing to extend larger amounts of credit at their most competitive rates.

Home loans for bad credit holders do exist. However, the better the credit score, the more opportunities borrowers will gain access to.

Learn How to Fix your Credit Here.

Equal Housing Opportunity. This is not a Good Faith Estimate and this is not a Guarantee to lend and should not be considered as such. Costs, rates, estimates and terms can only be determined after completion of a full application. Actual payments will vary based on your individual situation and current rates. APR for loans vary from 7.99 - 29.5% and is based on Credit Score, Down Payment, LTV, Income. Mortgage rates could change daily. To get more accurate and personalized results, please call 623 582 4444 to talk to one of our licensed mortgage experts. Terms and conditions of all loan programs are subject to change without notice. Level 4 Funding LLC, 22601 N 19th Ave Suite 112, Phoenix AZ 85027, 623-582-4444 NMLS 1018071 AZMB 0923961 This e-mail is for the exclusive use of the intended recipients, and may contain privileged and confidential information. If you are not an intended recipient, please notify the sender, delete the e-mail from your computer and do not copy or disclose it to anyone else. Your receipt of this message is not intended to waive any applicable privilege. Neither this e-mail nor any attachment's establish a client relationship, constitute an electronic signature or provide consent to contract electronically, unless expressly so stated by Dennis Dahlberg RI/CEO, Level 4 Funding LLC, in the body of this e-mail or an attachment. To the extent this message includes any tax or legal advice this message is not intended or written by the sender to be used, and cannot be used, for legal or tax purposes or advice.

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Thursday, March 9, 2023

Options For Buying A Home With Bad Credit Mortgage

The best home loan option with bad credit depends on how low your score is. If your score is below 600, you probably should look into an FHA loan or VA loan.

Of course, the best option is to work on repairing your credit score before you submit a mortgage application. While this is not the answer borrowers want to read or hear, it's the most practical and can save you thousands in interest payments. Not only will you have more mortgage options, but you might be able to get your loan with a lower income requirement and down payment.

Of course, as stated above, if you have a score of 500 or below, you probably won't be able to do anything except wait until you increase it. Also, if you're looking to buy a house with a bankruptcy on your credit, you will need to wait at least 2 years before a lender will start considering you for a new mortgage with bad credit.

You can take the necessary steps to grow your score by understanding the following:

Payment history: Your payment history is responsible for 35% of your score. This is the main reason people are continually saying "pay your bills on time" regarding your credit score.

Credit utilization: The amount of credit you are currently using is also known as your credit utilization and is responsible for 30% of your score. The more credit you're using, the higher your credit utilization, the lower your score can become. It would help if you looked to keep your total credit usage under 30%.

Age of credit history: This is most often referred to as your "average age of accounts" and is one of the few factors you have almost no control over. Your credit history is basically the age of your oldest credit account, new credit accounts and the average ages of all the accounts on your credit report. The length of your credit history makes up 15% of your score.

Credit mix/types of credit: When you look at your report, you'll notice that there are a few different types of credit on your report. Those can be revolving credit (like credit cards) or installment loans (like car loans or personal loans). Having a mix of credit is a good thing for your score, and it is responsible for 10% of it.

Amount of new credit: Having an account less than 6 months old is usually considered having new credit. Your score will be impacted whenever you add a new account because it will give you a hard inquiry and decrease your average age of accounts. Be mindful when applying for new credit as it contributes to 10% of your overall score.

Increase Your Available Credit

Once you get a better handle on things and have started improving your score, increasing your available credit can help raise it a little faster. You can do this by either paying down balances or making a credit limit increase request. This effort helps increase your credit score because you will decrease your credit utilization, which is a huge factor in determining your score. Remember, it's best to have a higher credit score to buy a house and apply for mortgages.

And guess what: Most credit card companies allow you to request as many increases as you like without it causing a hard pull on your credit.

Add New Accounts (In Bulk)

Adding new accounts also means you'll be increasing available credit and increasing your overall credit mix. Doing this in bulk is even better because it puts everything in the same time frame. Your inquiries will all fall off on the same day, any new accounts will age together, and you'll add more available credit to your report.

This change also allows you to establish an even stronger payment history on your credit report. It usually takes less than 30 – 45 days to see the effects of adding bulk, new accounts to your report.

Pay For Deletions

One of the worst items you can have on your credit report is a collection. Collections show lenders that you owe money to someone and have not attempted to pay it back.

Even if you pay the collection off, it can remain on your report as "Paid," which is better than having an outstanding collection. However, the best result which will help even more is to request the items be deleted from your credit report if you make a latepayment.

Before making a payment for deletions, make sure you get the transaction in writing. It will be like you never received that collection, thus increasing your credit score and giving lenders one less reason to decline you.

Stay Away From Hard Credit Inquiries

While getting an insurance quote won't affect your credit score, applying for any type of new credit will. Having too many hard inquiries on your credit is not a good thing.

When applying for any type of financial transaction that requires a credit pull, always check if it's a hard or soft pull. Avoid doing anything requiring a hard pull close to when you apply for a mortgage.

Find A Co-signer

Depending on your mortgage, you may be able to qualify for a home loan with a co-signer. This addition can help bump you over the credit threshold as the co-signer's income and assets will be considered along with yours. You may also qualify for a larger loan amount with a co-signer, even with bad credit, which can give you a bigger budget when shopping for a home.

In most cases, a co-signer will only help lower your debt-to-income ratio, which by itself helps with qualification. Another person's income and assets will make it easier for you to afford for a higher monthly mortgage payment. Most of the time, the lowest median credit score of all borrowers on the loan is the one that counts. However, if multiple borrowers are getting a loan backed by Fannie Mae, the guidelines allow for lenders to average median scores of the borrowers. This can mean the difference between qualifying or not getting the loan.

For example, if you have a median credit score of 580 and your co-signer has a score of 720, you couldn't qualify with both incomes until recently. Now Fannie Mae policy, in many instances, is to average the scores, coming out at 650. You can get the loan.

It's important to note that for the purposes of determining your interest rate and mortgage insurance cost, the lowest median score is still used, so your rate may be slightly higher. Additionally, the averaging of credit scores doesn't apply to every loan option. We encourage you to speak with your Home Loan Expert.

The Bottom Line On Bad Credit Home Loans

Applying for a home loan Having bad credit doesn't mean you can't enjoy the benefits of homeownership. Instead, it might just require additional research when looking for financing.

With a loan backed by the government like an FHA loan, you can qualify for a mortgage even with a 500 credit score. It might be tempting to buy a home as soon as possible, but it's better to take the time to assess available options and interest rates while you start shopping for a loan.

Wednesday, March 1, 2023

Buying A House With Bad Credit: A Guide To Your Home Loan Options

The thought of buying a house can be overwhelming. Starting the home buying process with buying a home with bad credit can make it seem nearly impossible to get a loan, but did you know there's such a thing as a bad credit home loan? Your credit might not be as much of a roadblock as you think.

In this post, we'll talk about buying a house with bad credit in Arizona, understanding your credit score, how to qualify for a mortgage andincrease your score quickly.

What Do Mortgage Lenders Consider A Bad Credit Score?

Most borrowers don't know this, but many lenders don't require a specific minimum credit score to buy a house. The catch-22 is that a conventional mortgage lender is free to set their own requirements when it comes to your credit score. Although government-backed loans give mortgage lenders some peace of mind, they still have credit score requirements, even if they are usually much lower.

If you have a credit score lower than 500, you might find getting a mortgage a bit hard and will probably need to focus on increasing your score first.

Can You Buy A House With Bad Credit?

When it comes to the actual number, anything less than a 670 FICO® Score is considered "bad" or "subprime," according to Experian™, one of the three main credit bureaus. More specifically, a fair score is 580 to 669, while a poor score is 300 to 579. The thing about having poor credit is that it's not the same as someone else's bad credit.

No two situations are the same, and outside of your actual score, lenders will also be looking at things like:

How much the borrower has available for a down payment
The borrower's overall amount of debt
How much income the borrower earns
If the borrower has any debts in collections

Cash is your best friend when you have bad credit and the more of it you have to use toward a down payment, the better. The reason for this is that your credit score might only qualify you for a certain mortgage loan amount. If you can cover the difference with cash, you can still afford the home you want.

The lender you end up with will also play a factor because all lenders will have different requirements. While you can get a bad credit loan, you must be prepared to pay a higher monthly mortgage payment due to much higher interest rates.

Don't forget, if you purchase a home with bad credit, you can always repair your credit and refinance your mortgage for much better loan terms later on.

Tuesday, February 28, 2023

Buying a home with bad Credit? How do you Fix Your Credit Score?

By: Dennis Dahlberg

You want that Arizona Home Mortgage to purchase your dream home, but your credit score is low. Are you looking for a loan for borrowers with bad credit or poor credit? Your credit score indicates what the industry calls your willingness and ability to pay the debt. It's a probability ranking score on the probability of you defaulting on an Arizona Home Mortgage payment obligation in the next 90 days. Some think it is a credit score grade on your payment performance. The lender will examine your overall grade and see if you can pay the debt. If you have a failing credit grade (an F), the lender will assume you will fail again and not pay them back. It's an overall Grade Point Average on how you passed or failed on prior loan obligations. If you got an F on an Arizona Home Mortgage in the past, your Grade Point Average would go down. Think of it as when you were in school. Every year the school would give you a Grade Point Average for the year's work. Some people got a very high-Grade Point Average (all A's) and were the smart kids in school, while others got a few D's and F's on their report cards and had a lower Grade Point Average for the year. This school of credit never ends in your life, and you want to have the highest credit score Grade Point Average possible and keep it up throughout your life. So, how do you get a high credit score Grade Point Average? You do the same thing that you did in school. That is:

1. Take the Test over again and get a better grade. How do you do this? First, you pay back the people you owe money. Those items in the collection or past due need to be paid off and settled. Your past owing mortgage grade is currently an F, but you can make it a C+ if you pay off the debt.

2. Don't get any more F's on your work. This means you pay the Mortgages back and on time. You need to take it seriously, make the payments, and don't be late. Remember when you turned work in late in school, and the teacher deducted points for the work because you were late? It's the same in the credit school; don't be late for your work. Also, what grade were you given when you did not turn in the work? You would get an F. This is the same with paying Mortgages. When you DON'T PAY, you get an F, and your overall credit score Grade Point Average goes way down. Pay your Mortgages on time, and the whole will give you the best Grade Point Average.

3. Don't take on too many classes. If you take a safe load of classes, your workload is more manageable, and you can probably get an A in every class. But if you take on too many courses, you will not be able to get all the work done for all the classes. This is the same in the credit world. Don't take on too many Mortgages, and keep the balance owed on the Mortgage to around 30% of your available balance. The lender will look at your mortgage (class load) and wonder, are you never going to get the work done? You have maxed out all of your credit cards and want another one? The more Mortgages you take on (sign up for), the higher the chance that you will fail on one of them, and possibly the Mortgage you are now trying to get is the one you will fail on.

4. Get that bad score off your report. Usually, the quickest way to get a lousy grade off your report is to dispute the score (Whine to the teacher). Tell the credit bureaus that it's not your grade or that the grader who graded the test was wrong, used the wrong pencil, or used the wrong answer sheet to grade your work. If you can get an F off your report card, your overall score and Grade Point Average will go up. This is usually the first thing you can do to get a better Grade Point Average. You do this by disputing the bad items on your credit report for each credit bureau. If they believe you and you are able to get the score off your credit report, your Grade Point Average will go up. If credit bureaus don't believe you, work on steps 1-3 above.

The good part about the credit score Grade Point Average is it is an Average. It's calculated over time; time is your friend when calculating the Grade Point Average. Your overall score is based on the current work and the work you have done in the past, but usually, it's for the last 3-5 years, and if you have an F on your credit score report card, it will drop off in a few years. So if you keep your grades up, in a couple of years, your credit score Grade Point Average will start to improve, and eventually, you will have all A's and you can qualify for the Arizona Home Loan With Bad Credit.

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Thursday, August 10, 2023