DISCLAIMER: This is not intended to replace financial advice; we’re not financial advisers. If you need financial advice, you should speak with a licensed financial adviser.
Can you buy a house with bad credit?
Let’s talk about what constitutes “bad credit” for the purposes of buying a home so you know exactly what you need to do if you’re ready to make the leap.

Buying a Home With “Bad Credit”

Typically when lenders refer to someone with bad credit, they could mean that the person has excessively high credit card debt, late payments, a bankruptcy, or a foreclosure.
The most obvious ways to improve your credit are to pay down your debt and make timely payments. As for bankruptcy and foreclosure, time is typically the cure.
What you can do is talk to a lender that specializes in helping borrowers with bad credit. Your lender can point you toward special programs that will improve your credit and show you how you can finance a home, even with a bankruptcy or foreclosure on your record.

Time Frames for Foreclosure and Bankruptcy on Your Credit Report

Before you assume that you have bad credit, order your free credit report from Annual Credit Report. Thanks to the Federal Trade Commission, everyone’s entitled to one free copy of his or her credit report every year.
A bankruptcy can stay on your credit report for up to 10 years. The farther the bankruptcy is in your past, the more favorably lenders may look at your credit profile.
If you’re using a conforming loan, you typically need to wait about 4 years after a bankruptcy or a short sale.
If you’re using an FHA loan, you must wait 2 years after foreclosure. The good news? After 2 years, you may qualify to pay as little as 3.5 percent down. If you’ve had a short sale, you’ll have to wait 3 years.

Are You Buying a Home With Bad Credit in Port Aransas?

If you’re buying a home in Port Aransas, call us at 361-563-7788 right away. Tell us what you’re looking for and we’ll help you find it.
In the meantime, browse our Port A real estate listings in some of the most popular communities:

Filed under: Blog, Buying, Consumer Tips, Credit Scoring by Julie Woodward
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With dozens of horrible storms in the rear-view and more on the horizon, there’s never been a better time to invest in a home generator. With the right preparation and planning, you can avoid power outages and their aftermath.
But where do you even begin your generator-shopping journey?

How to Buy a Generator for Your Home

There are two types of generators you can purchase for home use: small, portable options and large, standby generators.

Small, Portable Generators

Typically, small, portable generators cost between $500 and $1,500. However, that affordability comes at a price.
Small, portable generators for home use can power your home’s essential appliances, and their simple to set up. However, these types of generators require manual operation. You’ll also have to monitor these generators closely.
In order to get your portable generator running, you must be at home when the power goes out. These types of generators run on fuel—and their tanks hold between three and six gallons, on average—so you’ll need to be on standby for a fill-up.
Because there’s a risk of carbon monoxide poisoning from the engine exhaust, your portable generator must be at least 10 feet away from your home (that’s something to think about during inclement weather). As an extra precaution, you may want to hook up a carbon monoxide detector when you’re running your portable generator.

Standby Generators

Standby generators are equipped to automatically start when the power goes out.
However, these generators typically cost about $10,000. Maintenance is necessary every two years, and it does need to be performed by licensed technician. Large, standby generators have about a 15-year lifespan, provided that they are properly maintained.

Should You Invest in a Generator?

There’s no question that power outages are inconvenient—but for some people, they can be deadly, such as those who rely on home medical equipment.

Are You Buying a Home in Port Aransas?

Whether you’re looking for a home for sale in Port Aransas orNorth Padre Island, we’d love to help you find the perfect place to live.
Call us at 361-563-7788 or get in touch with us online to tell us what you want from your next home. We’ll start searching right away.
In the meantime, check out our:

• All-in-one mortgage calculator
• Free homebuyer handbook
• Free eBooks about buying a home (and more)

Filed under: Blog, Buying, Consumer Tips by Julie Woodward
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Gone are the days where parents sit at home while their costumed children run around the neighborhood alone. These days, most small children are walked door to door by family. While there is relatively little mischief they can get into under their parents’ watchful gaze, below are even more trick-or-treating safety tips for an untroubled, fun and haunted evening.

1. Light Them Up – Put reflective tape on your children’s costumes and bags, so drivers can identify them easily. It’s dark out there!
2. Plan A Route – Hit up familiar homes and don’t get too far from your house in case a small one gets tired or needs to go to the bathroom.
3. Stay Out Of The Street – Keep kids on the sidewalk and be sure to look both ways before crossing the street.
4. Take Stranger Danger Seriously – Don’t go into any dark, unfamiliar homes or get into cars with strangers.
5. Hem Long Costumes – After purchasing a costume, make sure it’s at least three inches above the ground, so your little ghost won’t trip.
6. Be Cautious Getting Ghoulish – Test makeup on a small portion of your child’s skin before putting it all over his or her face. Also, be sure to remove it before bedtime.
7. Pack Away Pointy Toys – Make sure your children’s swords, knives and axes are short, flexible and made of foam.
8. Wear Comfy Shoes – Avoid princess shoes with heals or anything that’s not flat and comfy for your tot. You don’t want them to trip in the dark.
9. Watch Out For Flames – Keep flammable costumes away from luminarias or any open-topped glowing pumpkins.
10. Pretend You’re At The Pool – Walk; don’t run.
11. Put A Spotlight On Those Monsters – Carry a flashlight so that no one trips.
12. Check Out The Treats – While this might seem paranoid, just quickly double-check the treats to make sure none have been tampered with or could pose a choking hazard.

Having your little witch in the emergency room instead of indulging in a late night sugar rush would put a damper on the entire holiday. So follow the 12 trick-or-treating safety tips above to help your child enjoy a hauntingly fun and safe Halloween.

Filed under: Consumer Tips by Julie Woodward
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