Sundre’s Home Fair – March 21st!

Sundre’s 1st Annual Home Fair is being sponsored by CIR REALTY on Thursday, March 21, 2013.  We have representatives attending from the all the service providers commonly needed when Buying or Selling real estate.  Lawyers, Home Stagers, Home Inspectors, Appraisers, Banks, Mortgage Brokers, Builders and Realtors  will all be available to provide you with information to make your next real estate transaction easier for you.  All this under one roof – Sundre Elks Hall, beginning at 7 oclock.  This is open to the general public, so spread the word!  Even if you’re not ready to sell or buy yet, you will hear many useful tips to prepare you for what most people do 5 or 6 times in their life.

Coffee and snacks provided – NO COST to you.

See you there!

March 21, 2013 – SAVE THE DATE!

Sundre’s 1st Annual Home Fair is being sponsored by CIR REALTY on Thursday, March 21, 2013.  We have invited representatives from the all the service providers commonly needed when Buying or Selling real estate.  Lawyers, Home Stagers, Home Inspectors, Appraisers, Banks, Mortgage Brokers, and Realtors  will all be available to provide you with information to make your next real estate transaction easier for you.  All this under one roof – Sundre Elks Hall, beginning at 7 oclock.  This is open to the general public, so spread the word!  Even if you’re not ready to sell or buy yet, you will hear many useful tips to prepare you for what most people do 5 or 6 times in their life. 

Coffee and snacks provided – NO COST to you.

Mark your calendar now.

What’s Your Credit Rating?

When purchasing a property through a mortgage, financial institutions will want to check your credit rating to see whether you are a good risk or not.  What will they find?  Do you know how your credit rating is determined?  The following information, provided by TD Bank, will help you answer these important questions.

Your credit rating is based on 5 factors:

1. Payment History – over the last few years.  This is 35% of your score

2.  Current Debt Load – how much you owe and how many creditors you owe it to.  Also how much would you owe if you maxed out your available credit.  this is 30% of your score

3.  Age of Accounts – The longer the better.  At least 3 accounts open for over a year, is good for your score.  This is worth 15% of your score

4.  Type of Credit – bank loans, credit cards and revolving debt accounts affect your score in different ways – This is 10% of your score.

5.  Credit Inquiries – every time someone pulls your credit report, your score temporarily drops.  This is 10% of your score.

To repair or improve your credit score:

Pay on time – Keep balances below 75% of the limit – Avoid having too many credit cards and loans,  If you’re not using it, close it. – Keep inquiries to a minimum – Increase your payment, don’t just pay the minimum

To obtain your credit report/score you can contact either of these 2 agencies:

Equifax: www.equifax.ca  or Trans Union of Canada  www.transunion.ca

For more information on this and other real estate related question, call your realtor!  They will be happy to help.