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HOW TO GET YOUR CREDIT READY TO BUY A HOME?
Repairing Credit the Right Way, with Paul Ritter & Brian O'Neill - Real Estate Investor
Repairing Credit the Right Way, with Paul Ritter & Brian O'Neill - Real Estate Investor
(Audio file) In this episode of Not Just A Transaction, hosts Nick and Zachary speak with special guest and credit repair expert Paul Ritter. Paul discusses how he works with tenant buyers to get credit issues straightened out so that they can qualify for a loan at the end of the lease period, and he explains what huge differences set his services apart from other competitors that aren’t as invested in the success of the buyers.
What you’ll learn:
- How My Credit Team has worked closely with the Pre Property Solutions team for years, and how they specialize in credit repair and helping people get to the finish line
- How Zachary himself has used My Credit Team’s credit repair services and can attest to how effective they are
- Why My Credit Team’s credit repair process has been refined and simplified with the intent to take the stress off
- Why your debt-to-income ratio is the single most important factor in determining if you will be able to get to the finish line
- How 85% of the people My Credit Team work with successfully buy their home, and how as much as 12% fail to make it to the finish line because they stop following the process
- Why a higher down payment has a direct effect on how likely you are to get approved for your purchase at the end of the rental period
- Why working with a credit repair service that is aggressive and that works with the timeframe you have in mind is crucial
- Why your debt-to-income ratio and the quality of credit are the two primary factors that need to be worked on to get you into a lease-option home
Resources:
- Set up an appointment with My Credit Team: Text APPT to (724) 221-3111
- My Credit Team Website: www.mycreditteam.com
- Screen The Tenant Website: www.screenthetenant.com
- My Credit Team Facebook: www.facebook.com/mycreditteam/
- Screen The Tenant Facebook: www.facebook.com/screenthetenant/
Repairing Credit the Right Way, with Paul Ritter & Brian O'Neill - Real Estate Investor
Repairing Credit the Right Way, with Paul Ritter & Brian O'Neill - Real Estate Investor
Repairing Credit the Right Way, with Paul Ritter & Brian O'Neill - Real Estate Investor
(Audio file) What you’ll learn in this episode:
- How Paul and his team at My Credit Team help buyers enhance or repair their credit to prepare them to purchase a home
- Why many people wrongly believe that paying off an old account removes it from their credit report, when paying off an old debt can actually cause your score to go down
- Paul explains what your debt-to-income ratio (DTI) is, and why a poor DTI is the biggest reason people are rejected for mortgages
- Why working with a credit repair company can help you quickly find and correct problems on your report, and why it’s important to find a company you can trust
- What steps self-employed people can take to build credit, and why it’s advisable to get a credit card with at least a $1500 credit limit
- Why it’s important to use your card at least once every six months, and why a small balance on the card can be helpful to maintain a good relationship with the issuer
- Why you shouldn’t close your older cards/accounts, and why a trusted credit advisor can help you determine which accounts to keep open
- Why paying off an installment debt such as a car payment won’t raise your score, and why instead it’s important to make regular on-time payments
- Why free memberships with FreeCreditReport.com and Credit Karma can give you valuable insights into your credit situation
- Why seeking help to repair your credit will dramatically speed up and simplify the process and can more than pay for itself
Resources:
- Text APPT to (877) 952-7979 to set up a free analysis from Paul
- Telephone: (412) 242-2733
- Website: https://mycreditteam.com/
- LinkedIn: www.linkedin.com/in/paul-ritter-951b8b28/
- Facebook: www.facebook.com/mycreditteam
- (Audio file)