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All agents are NOT alike! Find out why we are top real estate experts. Call us: 770-446-5111.
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Find Out About the Latest Homes for Sale First! We add our newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS. Find Out More > View All Offers >
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The Value Of Team Work! “The sale of our home occurred in less than 50% of the normal time period for our market and at 100% of the asking price.” Jim & Olivia Brown Read Quote > View All Quotes >
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The King Team is one of The Top Selling Real Estate Experts Find Out More > |
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Financing Your Home >Credit Card Mania
Most people know that a checkered credit history can disqualify you for a home loan, and maxed-out credit cards can do the same thing. But what most people don't know is that merely having a large number of credit cards, even with low balances and a history of timely payments, can disqualify you for a home mortgage loan just as quickly.
According to credit experts, having a number of credit cards can be just as detrimental to the granting of further credit as a history of late payments. Lenders look at it this way: If you have ten credit cards, each with a limit of $5,000, that means you have the potential to run up $50,000 in debt virtually any time you choose. That mere possibility makes you a greater risk, from their point of view.
The moral of the story? If you are planning to apply for a home loan in the future, keep only those credit cards you actually need to use and cancel the others.
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| Q |
What is the role of the U.S. Housing Authority?
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| A |
Created in 1937 by FDR, the U.S. Housing Authority provides construction loans to small communities and states. |
See More Real Estate Trivia > |
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The King Team RE/MAX Greater Atlanta 10220 Medlock Bridge Road Duluth, GA. 30097 Phone: 770-446-5111 Toll Free: 866-294-5153 Fax: 770-238-0588 Email: kingteam@kingteam.com
Mary S. King and Douglas Ferguson have been in the Top 100 of over 15,000 agents in Atlanta, were named Agent of the Year for their office for eleven years, and the Top 25 in Georgia for Re/Max since joining the company. Their business has been based on honesty, integrity and a strong work ethic. They opt for customer service over shear numbers. Call or email them today!

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