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.
The City of Orlando hosts the 26th annual Spring Fiesta in the Park April, a free family and dog friendly event that takes place in Downtown Orlando at Lake Eola Park. The event will feature over 200 artist and craft booths along with a kid’s area and live entertainment. Food and drink will be available for purchase.
WHEN: April 11th 0am-5pm; April 12th 12pm-5pm WHERE:Lake Eola Park COST: Free
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.
In February, the number of properties that received a foreclosure filing in Orlando, FL was 14% lower than the previous month and 25% lower than the same time last year, according to RealtyTrac.com.
Orlando Foreclosure Geographical Comparison
Orlando foreclosures were 0.09% above national statistics, 0.01% below figures, and 0.01% below Orange County numbers in February 2015.
Orlando Foreclosure Status Distribution
The current distribution of foreclosures based on the number of active foreclosure homes in Orlando, FL.
Pre-foreclosures accounted for 16.9% of the foreclosure activity in February, Auctions were 46.2%, and Bank-owned properties were 36.9%.
Orlando Foreclosure Activity by Month
In February, the number of bank-owned properties increased 7.5% from the previous month and decreased 21.5% from the previous year. The number of auctions decreased 22.1% from the previous month and 18.6% from the previous year. Pre-foreclosure activity decreased 27.3% from the previous month and 42.0% from the previous year.
Information courtesy of Orlando Realtor Teri Isner, Orlando Avenue top Team.
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.
Continuing March 21-22 and 28-29 when Central Florida’s favorite BBQ festival returns for four sizzling weekends. With a special salute to America’s Heroes, we will have special ticket offers for all enlisted men and women and retirees from the military. Also, show your military ID in the park to receive 10% off a Craft Brew Sampler, 15% off an All-Day Dining Deal and 10% off merchandise.
Bands, Brew & BBQ features live concerts from top classic rock and country bands and artists, the tastiest BBQ from Central Florida’s top local smokehouses, plus SeaWorld’s own Sweet & Smokin’ Barbecue. This event is presented in partnership with USO of Central Florida, an organization that has been lifting the spirits of America’s troops and their families over 70 years.
WHEN: Sunday, March 29, 2015 WHERE:SeaWorld Orlando COST: Included in daily park 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.
The most spectacular celebration of the Big Easy spirit outside of New Orleans itself – Mardi Gras at Universal Studios®. Bring the whole family for a party filled with music and fun as only Universal Orlando® Resort can throw. You’ll enjoy live concerts, a dazzling parade, colorful street performers, authentic Cajun food*, and beads by the handful!
WHEN: Saturday, March 21, 2015 through April 18th WHERE: Universal Studios Florida® COST: Park Admission
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.
Refresh your sense of spring at the 2015 Epcot International Flower & Garden Festival—with fresh seasonal dishes, enchanting Disney character topiaries, complimentary presentations and more!
Discover dazzling gardens, seasonal cooking and high-energy entertainment at this spectacular springtime event. Sprouting once again in March, the 2015 Epcot International Flower & Garden Festival will be budding with fresh experiences for every age and interest.
WHEN: March 4 – May 17, 2015 WHERE:Epcot®
COST: Valid Park Admission Required
Visit the Event Website for additional 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.
Celebrate the fabric of American life through ethnic traditions, social events, competitive contests, youth developmental programs and top-name entertainment. Enjoy exhibits of agriculture, commerce, industry, livestock, fine arts, horticulture and crafts. And of course, there were be a variety of desserts and dishes featuring strawberries to choose from! The Florida Strawberry Festival takes place in Plant City, off Interstate 4, between Orlando and Tampa.
WHEN: – WHERE: 303 N. Lemon St., Plant City,FL 33563 COST: Advance: $8, adults and $4, children ages 6 to 12; At the gate: $10, adults and $5 children ages 6 to 12; Children 5 and younger are Free
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.
More than 30,000 foodies and wine lovers to experience unique local cuisine paired with wines from around the globe. The Downtown Food & Wine Fest is presented and produced by CBS RADIO Orlando, led by Orlando favorites MIX 105.1, 1059 SUNNY FM, and 101.9 AMP Radio in partnership with the Central Florida Chapter of the FRLA. Located in the heart of downtown Orlando at Lake Eola on Robinson Street, the two-day Fest features mouth-watering dishes from 30 of Orlando’s premier restaurants, domestic and international wines, and live entertainment. A portion of the proceeds benefit the FRLA Educational Foundation.
WHEN: Saturday, February 21 (noon to 9 p.m.) and Sunday, February 22, 2015 (noon to 7 p.m.) WHERE: Heart of downtown Orlando at Lake Eola along Robinson Street COST: Visit Eventbritefor pricing 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.
and what your interest rate will be! To buy a home with a mortgage loan you must have a strong credit score.
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.
Refresh your sense of spring at the 2015 Epcot International Flower & Garden Festival—with fresh seasonal dishes, enchanting Disney character topiaries, complimentary presentations and more!
