As a follow-up to a recent blog post,Your Credit and Your Home Purchase, I want to share a tip from a credit restoration company I know…
“As Shakespeare almost put it, To Pay Or Not To Pay, that is the question:
When it comes to your credit scores, paying the right account or the wrong account can make a massive difference in your credit scores. Let’s focus on what not to pay. One would assume when paying off bad debts on your credit report, the credit scores would always increase. However “one” is not always correct. Paying off items like your utility collection, or your cell phone collection will most likely decrease your scores. This is despite the popular belief that having a $0 balance on your collection accounts must be better than owing money. Balances on collections are irrelevant, for example you could have a one million dollar medical collection or a one dollar medical collection and if everything else is the same the scores would also be the same. The reason why your scores generally decrease when a payment is made is because by making a payment you reactivate the account causing it to report as new again. This is shown as the ‘DLA’ on a credit report. This ‘DLA’ or ‘Date of Last Activity’ represents the weight of the account AND the seven year statute until the item will fall off naturally (which is a whole other problem, but we will save that for another day).
The reasoning behind this madness is that the algorithms that calculate scores cannot discriminate against wealthier/poorer individuals. So the fact that a wealthier person has the ability to pay off a certain dollar amount more easily than a poorer person would be discriminatory on algorithm calculation.”
Confused? Contact us and we’ll put you in touch with a reliable lender who can answer your questions.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.
You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
Delight your ears with the voice of Idina Menzel on Tour!
Tony-Award Winning Broadway powerhouse Idina Menzel has a diverse career on the stage, in film and television, and in music.
Superstar Idina Menzel’s tour comes hot on the heels of a remarkable year that included performing the smash hit “Let It Go” from Disney’s Frozen at the 86th annual Academy Awards, a triumphant return to Broadway in the musical If/Then, a Best Actress Tony Award nomination and the release of this season’s must-have Christmas album Holiday Wishes.
Called “the Streisand of her generation” by The Denver Post, Menzel has captivated audiences at sold-out concerts around the world. Throughout the tour, Menzel will lead audiences through a special journey of classic pop, musical theater favorites and her own personal catalogue. The shows are set to weave together Menzel’s irresistible charm, wit and unparalleled vocal prowess.
WHEN:WHERE:The Dr. Phillips Center for the Performing Arts COST: Tickets starting at $55
Visit the Event Website for more information and to Purchase Tickets
Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.
Access Teri’s one-stop Orlando FL home search website. Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estatemarket. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale. You deserve professional real estate service!
You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
Enjoy a fun outing this weekend & attend Ladies of Eola Heights!
The popular cast of Wanzie’s LADIES OF EOLA HEIGHTS, presented at The Abbey in the Summer of 2014, returns with COURT ORDERED THERAPY: The Ladies Of Eola Heights Continued. Original cast members Peg (Opal) O’Keef, Beth (Pearl) Marshall, Sam (June) Singhaus, and Blue (Ruby) Star will be joined by Kevin Kelly playing Dr. Robert Burroughs, who is charged with determining the mental stability of Orlando’s infamous Locksdale sisters following a domestic squabble that leaves Ruby with a broken wrist, and Pearl and Opal at complete odds with one another. The action takes place during the court ordered therapy sessions in which the sisters, who are at first uncommunicative, wind up hurling accusations and barbs at one another to hilarious and surprising ends.
Visit the Event Website for more information & to Purchase Tickets.
Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.
Access Teri’s one-stop Orlando FL home search website. Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estatemarket. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale. You deserve professional real estate service!
You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
Things To Do Orlando: SeaWorld Orlando Summer Nights
Visiting Orlando? Check out SeaWorld Orlando Summer Nights!
This summer SeaWorld will be hosting Summer Nights, a nighttime spectacular that features incredible shows, a new attraction – Antartica: Empire of the Penguin – thrilling coasters under the stars, a celebration of dancing fountains and spectacular fireworks, and a nightly Shamu show that ends with a bang. Guests can enjoy extended park hours until 10:00 p.m.
WHEN: Saturday, July 11, 2015
WHERE: SeaWorld® Orlando
COST: Included in the regular price of admission.
Visit the Event Website for more details.
Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.
Access Teri’s one-stop Orlando FL home search website. Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estatemarket. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale. You deserve professional real estate service!
You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.
You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
Attend the Mummies of the World Exhibition to view the world’s largest showcase of real mummies which shows an array of naturally and intentionally preserved mummies. The exhibit will be available for a limited time at the center and ticket prices vary.
The nationally recognized Mummies of the World exhibit will be debuting at the Orlando Science Center on June 13 2015.
Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.
Access Teri’s one-stop Orlando FL home search website. Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estatemarket. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale. You deserve professional real estate service!
You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
Star Wars characters come to life at Disney’s Hollywood Studios, where guests of all ages can come face-to-face with Chewbacca, Darth Vader, Queen Amidala as well as other favorite sci-fi characters from the famous film series. Star Wars Weekends are scheduled for four consecutive weekends.
WHEN: Sunday, May 24 – all day
WHERE: Disney’s Hollywood Studios®
COST: Included in regular park admission
Visit the Event Website for more details.
Buy Tickets
Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.
Access Teri’s one-stop Orlando FL home search website. Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estatemarket. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale. You deserve professional real estate service!
You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
Is your credit score a big deal? If you want to buy a home, it’s a huge deal!
Your credit score will determine if you can get a loan. It will also determine how much you can borrow and what your interest rate will be! To buy a home with a mortgage loan you must have a strong credit score.
There are three primary sources for credit scores in the US: Equifax, Experian and TransUnion. They all use the FICO system. These are the most used sources by creditors.
FICO developed the computer software the major credit scoring companies use. FICO scores range from 300 to 850. However, many creditors consider 500 to be the bottom of the acceptable range.
Your score is a measure of your credit-worthiness and determines the interest rate that you will pay for a loan. It’s not unusual for a creditor to obtain all three of the major scores and average them. A very good score is 700, and an excellent score in 750.
The primary factors that determine your score are:
payment history (35%)
debt/amounts owed (30%)
age of credit history (15%)
new credit/inquiries (10%)
mix of accounts/types of credit (10%)
65% of the total score is determined by only two factors: payment history and amount of debt owed. You must have a good history of paying your bills on time. And you must be very careful about how much debt you have relative to your income!
That last point is extremely important when borrowing for a home mortgage. As of 2014 the federal regulations governing mortgage lending have changed. Borrowers can no longer carry total debt of more than 43% of gross annual income, including the mortgage debt! Lenders are going to be very strict about adhering to that ratio. There are serious consequences for the lender not doing so.
Many actions you take affect your score. Most people don’t think about:
unpaid medical bills and parking tickets can lower your credit score
heavy credit use can lower your score, even if you pay large balances off in full in a short time
credit scores drop if you sign up and use store cards for initial discounts
For more advice about managing your credit, click here.
Looking forward to buying a home? Educate yourself, manage your credit score, and know your credit score before your lender does.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.
You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
Celebrate the food, fun, sights and sounds of Latin culture at this annual Hispanic festival for the entire family, featuring live concerts by internationally renowned Latin musical artists and savory Latin cuisine prepared by SeaWorld Orlando’s own Executive Chef, Héctor Colón.
El Gran Combo de Puerto Rico – Saturday, May 2
This salsa-orchestra group is considered the most popular salsa group to ever exist, and the most successful music group from Puerto Rico. The group has been producing hits for five decades with 40 albums and CDs. They have received many awards including a Latin Grammy for Best Tropical Album.
WHEN: Saturday, May 2, 2015 – 12pm-close WHERE: SeaWorld Orlando COST: Viva la Música is free with SeaWorld admission
Visit the Event Website for more information.
Information courtesy of Orlando Real Estate Expert Teri Isner and the Orlando Avenue Top Team.
Access Teri’s one-stop Orlando FL home search website. Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estatemarket. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale. You deserve professional real estate service!
You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
The Orlando real estate market experienced dramatic increases in March 2015 with both home sales and selling prices higher than March 2014. Take a look at the breakdown by county…
Orange County Real Estate Sales Statistics – March 2015
Orange County saw 434 more homes sold in March 2015 than March 2014, a 30.41% increase. The average sales price increased by 5.19% and the median sales price increased by 10.52% from March 2014. Market times increased by 8 days or 12.9%.
Orange
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times
Mar 2015
1861
$238,259
$193,410
70
Mar 2014
1427
$226,501
$175,000
62
Osceola County Real Estate Sales Statistics – March 2015
Osceola County home sales increased by 132 homes, a 27.% rise. Prices increased with the average sales price up 1.85% and the median price increased by 7.74%. Market times increased by 7 days compared to March 2014.
Osceola
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Times
Mar 2015
606
$186,126
$160,000
84
Mar 2014
474
$182,738
$148,500
77
Seminole County Real Estate Sales Statistics – March 2015
Seminole County residential sales increased 20.17% with 120 more homes sold in March 2015 compared to March 2014. The average sales price increased 3.42% and the median price increased by 11.32%. Market times decreased by 3 days.
Seminole
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Time
Mar 2015
715
$208,095
$180,000
59
Mar 2014
595
$201,221
$161,700
62
Lake County Real Estate Sales Statistics – March 2015
Residential sales in Lake County increased in March 2015 with 81 more homes sold, a 14.73% difference. The average sales price increased by 20.91%, and the median sales price increased by 14.22% for the month compared to March 2014. Market times decreased by 2 days.
Lake
County
Homes
Sold
Average
Sales Price
Median
Sales Price
Average
Market Time
Mar 2015
631
$179,687
$157,000
93
Mar 2014
550
$148,615
$137,450
95
Polk County Real Estate Sales Statistics – March 2015
Polk County saw 92 more homes sold in March 2015 compared to March 2014, a 11.9% increase. The average sales price increased 10.88%, and the median sales price increased by 15.04%. Market times dropped by 1 day.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.
You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.
When it comes to your credit scores, paying the right account or the wrong account can make a massive difference in your credit scores. Let’s focus on what not to pay. One would assume when paying off bad debts on your credit report, the credit scores would always increase. However “one” is not always correct. Paying off items like your utility collection, or your cell phone collection will most likely decrease your scores. This is despite the popular belief that having a $0 balance on your collection accounts must be better than owing money. Balances on collections are irrelevant, for example you could have a one million dollar medical collection or a one dollar medical collection and if everything else is the same the scores would also be the same. The reason why your scores generally decrease when a payment is made is because by making a payment you reactivate the account causing it to report as new again. This is shown as the ‘DLA’ on a credit report. This ‘DLA’ or ‘Date of Last Activity’ represents the weight of the account AND the seven year statute until the item will fall off naturally (which is a whole other problem, but we will save that for another day).
Celebrate the food, fun, sights and sounds of Latin culture at this annual Hispanic festival for the entire family, featuring live concerts by internationally renowned Latin musical artists and savory Latin cuisine prepared by SeaWorld Orlando’s own Executive Chef, Héctor Colón.