29 06, 2020

Disinfecting Homes for COVID-19

2021-09-28T16:49:58+00:00June 29th, 2020|Blog, General, Tips & Advice|

If you recently bought a home, sold your home or just want to sanitize thoroughly because you want to stop the spread of COVID-19, here are some things to consider to get the best clean and prevent germs that cause coronavirus from living on surfaces in your home. Evidence suggests that SARS-CoV-2 may remain for hours to days on surfaces made from a variety of materials. Cleaning visibly dirty surfaces followed by disinfection is the best practice for prevention of COVID-19.

Start with High-Touch Surfaces

A high-touch surface are places that multiple people touch, many times a day. This can include tables, doorknobs, light switches, tablets, touch screens, remote controls, keyboards, handles, desks, toilets, and sinks. These surfaces are ones that should be focused on right away. If you just bought or sold your home, you will want to rid your home of the germs that belonged to those showing or viewing the home while you weren’t around.

Use a Solution to Kill Coronavirus Germs

When choosing a cleaner to disinfect, you’ll want to make sure it will kill coronavirus. You can dilute bleach with water or choose a product like Lysol or Clorox. Isopropyl alcohol and Hydrogen peroxide work as well. Either way, you’ll want to be sure the solution you’re using is meant to kill the virus.

For soft surfaces such as carpets, rugs, or drapes, you need to launder items as the manufacturer states. If possible, launder items using the warmest appropriate water setting for the items and dry items completely. Otherwise, use products that are EPA-approved for use against the coronavirus and are suitable for soft surfaces. Follow the same instruction for linens and clothing.

Consider Other Surfaces

Since this virus, among others, is spread through respiratory droplets, remember that there may be germs residing places that aren’t on the high-touch list. Consider […]

18 06, 2020

5 Mistakes to Avoid During the Home Buying Process

2020-06-18T14:46:52+00:00June 18th, 2020|Blog, Buying a home, Tips & Advice|

Buying a home has so many steps that it’s easy to get caught up in the big steps and forget those small things that make the process come together smoothly. We’ve compiled a small list of mistakes to avoid making when you are in the process of buying a home.

  • Not Getting Preapproved

We talk about preapproval all the time but why is it important in the home buying process? There are a few reasons you’ll want to be preapproved. First, this will give you a realistic expectation on what you can afford. If you look for houses first, you risk falling in love with one out of your price range which leaves you buying a house you cannot afford or never finding one that compares to it that is in the range your finances allow. Next, being preapproved could give you a leg up on other buyers. If you put in an offer with a preapproval, you are already showing that you took the time to put in effort before buying and the process will not be held up with the struggle to get approved. However, not getting preapproved could put you in the position to miss out on a home you want if there is another buyer who is preapproved.

  • Avoid New Credit

If you are in the process of buying a home, you want to keep your credit score and debt-to-income ratio in good shape. Applying for new lines of credit before closing on a house is a no-go for a few reasons. First, it can impact your credit score by adding a hard inquiry. Next, it can lower your average credit age. Spending on a credit card will also add to your utilization rate which is important to keep low. Avoiding new credit until after you close will […]

2 06, 2020

What is a FICO Score?

2020-06-02T16:46:14+00:00June 2nd, 2020|Blog, Mortgage 101|

When you are looking to get a loan for your future home, credit scores have a major impact on the entire process. When you’re checking your credit score, there are many different types but the most commonly used is the FICO score. There are different versions of FICO scores and some lenders use a different type of FICO score for auto loans or credit cards.

A FICO score is made up of the following criteria:

  1. Payment History- 35% of your score comes from making payments on time. Missing multiple payments can hurt your score.
  2. Credit Utilization- 30% of your FICO score comes from credit utilization. This is the amount of credit you’re using compared to the amount available. It is recommended to keep your usage under 30% for the best scores.
  3. Credit History- 15% of your score comes from the length of credit history. This is hard to control but you can help with this piece by making timely payments and not closing older accounts.
  4. Types of Credit- 10% of your FICO score comes from the mix of credit in your history. There are two things to look for when it comes to types of credit—revolving credit and installment credit. Revolving credit can carry a balance such as a credit card and installment credit has a fixed amount paid monthly.
  5. Inquiries- the final 10% of your score comes from recent inquiries. When you apply for a loan or credit card, the lender will run a credit check which is considered a hard inquiry. This can lower your score by a few points. However, a soft inquiry will not affect your score. You can control this part of your score by not applying for things without being fairly sure of an approval.

One thing that can affect credit but does not have a […]