Why Worry About Your Credit Score

Atlanta homes for sale

New Listing - yesterday
$265,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
623
SQFT
Twelfth Street Commons #16
242 12th Street NE
Atlanta, GA 30309
New Listing - 3 weeks online
$180,000
Condo For Sale
Active
1
TOTAL BATHS
560
SQFT
Colony Park #8
1096 Piedmont Avenue NE
Atlanta, GA 30309
New Listing - 3 weeks online
$199,000
Condo For Sale
Pending
1
BED
2
TOTAL BATHS
800
SQFT
Colony Park #5
1100 Piedmont Avenue NE
Atlanta, GA 30309
New Listing - 3 weeks online
$699,000
Condo For Sale
Active
3
BED
3
TOTAL BATHS
1,850
SQFT
Midtown #5
1116 Piedmont Avenue NE
Atlanta, GA 30309
New Listing - a week online
$695,000
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
2,222
SQFT
321 9th Street NE
Atlanta, GA 30309
Midtown Subdivision
Price Change - 3 weeks ago
$394,500
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,212
SQFT
Piedmont Park West #405
1029 Piedmont Avenue NE
Atlanta, GA 30309
Price Change - 3 weeks ago
$350,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,015
SQFT
Ansley Above The Park #808
1130 Piedmont Avenue NE
Atlanta, GA 30309
New Listing - 19 hours online
$339,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
790
SQFT
Ansley Above The Park #805
1130 Piedmont Avenue NE
Atlanta, GA 30309
Price Change - 4 days ago
$329,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
989
SQFT
Luxe #1701
222 12th Street NE
Atlanta, GA 30309
$339,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
989
SQFT
Luxe #1901
222 12th Street NE
Atlanta, GA 30309
Price Change - 6 days ago
$450,000
Condo For Sale
Active
1
BED
2
TOTAL BATHS
1,424
SQFT
Lofts At The Park Ii #301
1058 Piedmont Avenue NE
Atlanta, GA 30309
New Listing - 2 weeks online
$289,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,008
SQFT
Piedmont Arbors #34
1050 Piedmont Avenue NE
Atlanta, GA 30309
New Listing - 7 days online
$255,000
Condo For Sale
Active
2
BED
1
TOTAL BATHS
689
SQFT
Piedmont Arbors #11
1050 Piedmont Avenue NE
Atlanta, GA 30309
New Listing - 3 weeks online
$419,900
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,125
SQFT
Parc Vue #1101
275 13th Street NE
Atlanta, GA 30309
New Listing - 4 weeks online
$269,500
Condo For Sale
Active
1
BED
1
TOTAL BATHS
780
SQFT
Parc Vue #705
275 13th Street NE
Atlanta, GA 30309
New Listing - 3 weeks online
$265,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
765
SQFT
Parc Vue #1004
275 13th Street NE
Atlanta, GA 30309
New Listing - 2 weeks online
$289,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
765
SQFT
Parc Vue #1103
275 13th Street NE
Atlanta, GA 30309
New Listing - 2 weeks online
$379,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,225
SQFT
Parc Vue #812
275 13th Street NE
Atlanta, GA 30309
New Listing - 4 weeks online
$200,000
Condo For Sale
Active
2
BED
1
TOTAL BATHS
672
SQFT
Francis Xiv #3
287 14th Street NW
Atlanta, GA 30309
Open House 05/31 at 1PM
Please verify times due to COVID-19
$1,549,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,788
SQFT
273 9th Street NE
Atlanta, GA 30309
Midtown Subdivision
Price Change - 6 days ago
$479,900
Townhouse For Sale
Active
2
BED
2
TOTAL BATHS
1,653
SQFT
199 12th Street #7
199 12th Street NE
Atlanta, GA 30309
New Listing - 2 weeks online
$289,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
912
SQFT
Colony Park Citi Homes Ii #219
244 13th Street NE
Atlanta, GA 30309
New Listing - 2 weeks online
$180,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
612
SQFT
Midtown On 8th #1
317 8th Street NE
Atlanta, GA 30309
$255,000
Condo For Sale
Active Under Contract
2
BED
1
TOTAL BATHS
810
SQFT
Stanford Court #A-2
343 8th Street
Atlanta, GA 30309
New Listing - 3 weeks online
$227,900
Condo For Sale
Active
2
BED
1
TOTAL BATHS
Stanford Court #E-1
343 8th Street NE
Atlanta, GA 30309
$599,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
1056 Dickson Place NE
Atlanta, GA 30309
Midtown Subdivision
New Listing - 5 days online
$220,000
Condo For Sale
Active
2
BED
1
TOTAL BATHS
740
SQFT
Midtown On Eighth #4
890 Glendale Terrace NE
Atlanta, GA 30309
New Listing - 6 days online
$189,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
760
SQFT
Glendale Terrace #B1
885 Glendale Terrace NE
Atlanta, GA 30309
$1,650,000
Single Family Home For Sale
Pending
3
BED
4
TOTAL BATHS
3,592
SQFT
900 Penn Avenue NE
Atlanta, GA 30309
Midtown Subdivision
$1,749,900
Townhouse For Sale
Active
3
BED
4
TOTAL BATHS
2,650
SQFT
1204 On The Park #2
1204 Piedmont Avenue NE
Atlanta, GA 30309
$1,799,900
Townhouse For Sale
Active
3
BED
4
TOTAL BATHS
2,650
SQFT
1204 On The Park #3
1204 Piedmont Avenue NE
Atlanta, GA 30309
New Listing - 4 days online
$439,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,122
SQFT
Mayfair Renaissance #2605
195 14th Street NE
Atlanta, GA 30309
Price Change - yesterday
$379,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,122
SQFT
Mayfair Renaissance #2203
195 14th Street NE
Atlanta, GA 30309
New Listing - 3 weeks online
$429,000
Condo For Sale
Pending
2
BED
2
TOTAL BATHS
1,146
SQFT
Mayfair Renaissance #2907
195 14th Street NE
Atlanta, GA 30309
New Listing - 2 weeks online
$499,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,383
SQFT
Mayfair Renaissance #2708
195 14th Street NE
Atlanta, GA 30309
Price Change - 2 weeks ago
$249,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
750
SQFT
Mayfair Tower #1806
199 14th Street NE
Atlanta, GA 30309
Price Change - 6 days ago
$300,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
919
SQFT
Mayfair Tower #1110
199 NE 14th Street NE
Atlanta, GA 30309
New Listing - yesterday
$259,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
805
SQFT
Mayfair Tower #403
199 14th Street
Atlanta, GA 30309
New Listing - a week online
$399,900
Condo For Sale
Pending
2
BED
2
TOTAL BATHS
1,322
SQFT
Mayfair Tower #2902
199 14th Street NE
Atlanta, GA 30309
$325,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
1,008
SQFT
Park Central #71
1101 Juniper Street NE
Atlanta, GA 30309
$349,500
Condo For Sale
Pending
2
BED
1
TOTAL BATHS
1,008
SQFT
Park Central #1002
1101 Juniper Street NE
Atlanta, GA 30309
New Listing - 3 weeks online
$319,900
Condo For Sale
Active
2
BED
1
TOTAL BATHS
1,054
SQFT
Park Central #928
1101 Juniper Street NE
Atlanta, GA 30309
New Listing - 2 weeks online
$249,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
764
SQFT
Park Central #716
1101 Juniper Street NE
Atlanta, GA 30309
New Listing - 2 days online
$398,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,185
SQFT
Park Central #931
1101 Juniper Street NE
Atlanta, GA 30309
New Listing - a week online
$374,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,161
SQFT
1101 Juniper Street NE
Atlanta, GA 30309
Park Central Subdivision
New Listing - 2 weeks online
$255,000
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
764
SQFT
Park Central #206
1101 Juniper Street NE
Atlanta, GA 30309
New Listing - 4 weeks online
$260,000
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
764
SQFT
Park Central #1220
1101 Juniper Street NE
Atlanta, GA 30309
New Listing - 23 hours online
$375,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,185
SQFT
Park Central #731
1101 Juniper Street NE
Atlanta, GA 30309
$1,150,000
Commercial For Sale
Active
4,261
SQFT
1031 Juniper Street NE
Atlanta, GA 30309
 
New Listing - 3 weeks online
$2,995,000
Single Family Home For Sale
Pending
5
BED
7
TOTAL BATHS
5,446
SQFT
229 15th Street NE
Atlanta, GA 30309
Ansley Park Subdivision
New Listing - 11 hours online
$199,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
893
SQFT
Ansley Arms #301
1230 Piedmont Avenue NE
Atlanta, GA 30309
Open House 05/30 at 2PM
Please verify times due to COVID-19
$264,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
678
SQFT
Piedmont Crescent #12
907 Piedmont Avenue NE
Atlanta, GA 30309
New Listing - 7 days online
$399,900
Condo For Sale
Pending
2
BED
1
TOTAL BATHS
1,107
SQFT
Piedmont Crescent #8
907 Piedmont Avenue NE
Atlanta, GA 30309
$1,399,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,992
SQFT
1065 Midtown Loews #3603
1065 Peachtree Street NE
Atlanta, GA 30309
New Listing - yesterday
$1,379,999
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,992
SQFT
1065 Midtown Loews #3103
1065 Peachtree Street NE
Atlanta, GA 30309
$1,369,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
2,289
SQFT
1065 Midtown Loews #2805
1065 Peachtree Street NE
Atlanta, GA 30309
$255,000
Condo For Sale
Pending
1
BED
1
TOTAL BATHS
814
SQFT
Tuscany #2313
955 Juniper Street NE
Atlanta, GA 30309
New Listing - 4 weeks online
$239,900
Condo For Sale
Pending
1
BED
1
TOTAL BATHS
675
SQFT
Tuscany #3214
955 Juniper Street NE
Atlanta, GA 30309
New Listing - 3 weeks online
$359,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,134
SQFT
Tuscany #4319
955 Juniper Street NE
Atlanta, GA 30309

The 3-digit measurement called your “credit score” has a huge impact on your loan application. Try as you might, you may not get approved for a mortgage for your home for sale in Sandy Springs, GA, if your credit score falls below 650. The important thing to focus here is that we did not say “Never.” If you approach a private lender and are able to strike a deal, you will get the loan but with a high interest rate. There are consequences in both situations, which is why your best bet is to work on your credit report.

In our previous blog, “4 Simple Steps to Increase Your Credit Score”, we talked about how you could tidy up your credit score by checking your credit report, paying accounts that are overdue, using less credit, and avoiding closing any accounts. In this blog, we will discuss about why doing this is important.

If you are a high-risk borrower, the lender might ask for collateral or might give you a small loan. In both scenarios, you won’t be able to afford the type of house you are hoping for.

Understanding the Credit Score

Your credit score is divided into 5 categories. If you fall in the “Good” category, then you will be easily able to afford a home for sale in Sandy Springs, GA. Let’s have a look at the credit scores:

  • Excellent Credit: 750+
  • Good Credit: 700 to 749
  • Fair Credit: 650 to 699
  • Poor Credit: 550 to 649
  • Bad Credit: 350 to 549

While it’s nearly impossible for a person with a “bad” credit core to get a loan, someone with “poor” credit score can explore financial assistance programs.

The higher the credit score, the lower the interest rate will be on the loan. This gives you the benefit of small monthly payments.

What Determines Your Credit Score

In order to find out how much you will be able to afford, you need to make sure that the following things are in order:

Payment History

Late payments, negative accounts, and unpaid utility bills are the reasons behind a bad payment history.

Debt Load

Your credit lines having a high unpaid balance on it can lower your chances of showing yourself as a trustworthy person to the lender. Your debt should always be below 10% of your total credit line.

Credit History

Don’t make delays in payments!

New Credit Inquiries

Stop opening new credit card lines because when you will apply for a loan, the lender will look into this inquiry and deem you a risky buyer. Although the effect is temporary, it does puts a pause to your home buying process.

Avoid Co-Signing

The negative impact of co-signing is that your credit line develops discrepancies. If the other buyer does not have a clean history, he/she probably won’t be able to make the monthly payments on time. When the time comes for you to buy a house, you will have a poor credit score. So protect your credit score!

The process of applying for a loan is not that hard. It is your credit score that matters. So, make payments on time and avoid spending more than you can afford.

Need to get a home for sale in Sandy Springs, GA appraised? Head on over to America’s Network Realty Group Inc. and get a quick appraisal from the experts.

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