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Thursday, February 15, 2024   /   by Kory White

Don’t Let the Latest Home Price Headlines Confuse You

Don’t Let the Latest Home Price Headlines Confuse You

Based on what you’re hearing in the news about home prices, you may be worried they’re falling. But here’s the thing. The headlines aren’t giving you the full picture.

If you look at the national data for 2023, home prices actually showed positive growth for the year. While this varies by market, and while there were some months with slight declines nationally, those were the exception, not the rule.

The overarching story is that prices went up last year, not down. Let’s dive into the data to set the record straight. 

2023 Was the Return to More Normal Home Price Growth

If anything, last year marked a return to more normal home price appreciation. To prove it, here’s what usually happens in residential real estate.

In the housing market, there are predictable ebbs and flows that take place each year. It’s called seasonality. It goes . ...

  interest rate, mortgage, price, appreciation, home prices

Wednesday, July 12, 2023   /   by Kory White

Credit Scores for Mortgage Approvals Explained

FICO 4 and FICO 2 are both credit scores that are used by lenders to determine your credit risk and the interest rate you will be charged for a mortgage. FICO 4 is a newer version of FICO 2, and it is designed to be more predictive of future credit risk.


FICO 4 scores are based on the following factors:


Payment history: This is the most important factor in determining your FICO 4 score. Lenders want to see that you have a history of making your payments on time.



Amounts owed: Lenders also want to see that you are not overextended. They will look at your total debt load and your debt-to-income ratio.



Length of credit history: Lenders want to see that you have a long history of using credit responsibly.



Recent inquiries: Lenders will look at how many inquiries have been made on your credit report in the past two years.



Types of credit: Lenders will look at the types of credit you have used, such as credit cards, auto loans, and mortgages.


FICO 24 ...

  fico score, credit score, credit rating, credit history, credit report, lenders, mortgage, interest rate, financial health

Thursday, July 6, 2023   /   by Kory White

How to Prepare a Home for Real Estate Photos

SUGGESTED BEFORE THE REAL ESTATE PHOTOSHOOT

What Should We Do to Prepare the Home for the Photoshoot?
At a minimum, the house should look clean and organized.
Decluttering countertops go along way in making a home look open and inviting.
Smaller things, such as removing visible garbage cans, can also make the house look cleaner.
Perhaps most important, check to ensure every light fixture in the home turns on with a working light bulb.

EXTERIOR:
Park vehicles away from the house or in the garage.
Freshen up landscaping.
Remove trash, branches, leaves, etc.
Remove dead plants, trees, etc.
Sweep outdoor space and walkways.
Remove visible foliage from the roof and gutters.
Spread fresh mulch.
Remove debris, hose, and toys from the pool.
Store outdoor trash and recycling bins - it is best to place them in a garage area in an outside shed for the photoshoot.
Store garden hoses and caddy.
Store outdoor tools, equipment, and so on.
Store toys, bikes, etc.
Store BBQ and a ...

Thursday, April 20, 2023   /   by Kory White

Welcome to Kory White Real Estate Group

Welcome to Kory White Real Estate Group

Let’s get started!
Can we schedule 15 min to talk when possible? If you dont mind, please schedule a time that works for you here: http://bit.ly/3pWqxy7 
MyFico Scores
In order for me to find out exactly what we can do, please pull your MyFico Credit Scores. There is a $39 fee to get the access, and they are the only way for a consumer to check without affecting your scores: https://bit.ly/3DBVnH4
AFTER SIGNING UP WITH THE “PREMIER” PACKAGE (THE PREMIER IS THE ONLY ONE THAT PROVIDES MORTGAGE SCORES) :
Log into MyFico - Dashboard - Reports - 3B Report - Scores - Scroll Down - Go to Mortgage Scores
If you can, let me know what three scores are there, FICO 2 & 4 are the scores that lenders use to qualify you for a mortgage.
LINK TO PULL SCORES: https://bit.ly/3DBVnH4
If you have any problems with the site, Call the Support Center for MyFico: 1-800-319-4433
Selling A Home
https://bit.ly/3GZLzXX
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Kory White Real Estate Group
Kory White
13101 Preston Road Suite 110-801
Dallas, TX 75240
469-737-0059

Copyright © 2024 Houston Realtors Information Service, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Our online database includes ALL Dallas-Fort Worth area properties listed with the North Texas MLS. Property data is courtesy of the North Texas Real Estate Information Systems (NTREIS) multiple listing service.
Based on information from the Austin Board of REALTORS (alternatively, from ACTRIS) for the period through 2024.® IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data last updated: April 14, 2024
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