5 Tips For The First Time Home Buyer

How Does Your Credit look and what is a FICO score, A FICO score is a credit score developed by Fair Isaac & Co. Credit that gives everyone with any kind a credit a scoring method that determines if a credit user is more trustworthy in repaying their bills. It takes into account timely payments, current balances on credit cards, length of credit history, residence and other factors to see if you are a high or low risk.

There are numerous resources available online that allow you to run your credit report from the three major credit reporting companies. Equifax, TransUnion and Experian. Credit scores will help a lender determine what types of loans you will qualify for and the rate of interest you will be charged. Run a report and see how you rate! 3. Do I need a down payment,

You have stories about 100% financing and "no down payment" loans. These sound great in theory, but the truth is you will pay much more in interest and for the total amount of the house. Obviously, the larger the down payment, the less your monthly payments and interest will be. Saving for a down payment could be as easy as anticipating how much extra you will pay to live in your new home, put it in savings and let it grow.

When you move into your new home, you will be in the habit of making the larger payments and know that you can live sufficiently within those limits. 4. What type of house should you by, Knowing your situational needs for space and the features that appeal to the entire family, should help you make a list of your priorities.

Decided how many rooms you need, your favorite architectural style, distance to schools, shopping, hospitals, recreation and other important locations to suit your familys lifestyle. Have this list with you when visiting a real estate agent or just looking on your own. It will help you keep a focus on what is important and necessary in your new abode. 5. Be prepared for the hunt. After you know where you stand and know what you then boils down to finding that dream home in the perfect location. Patience is a virtue and this is the time to exercise that trait.

It can be frustrating to find that the house you want exceeds your budget, or is located in an undesirable neighborhood. Be prepared to look, ask questions and go the extra mile, but always make sure your needs list is met. Learning details about the buying process will help make this step of home buying simple and will get you into the home that fits your needs. Helping the home buying community make common sense decisions.

It is hoped the new scheme will simplify the system and change welfare by making work pay, partly by helping those who are in work to increase their hours and earnings. Making the move into employment can feel like a big step but Universal Credit helps smooth this transition by mirroring the world of work. It replaces the six main out-of-work benefits with one simple monthly payment, paid just like most salaries are.

It also removes the disincentives to take up more work that were present under the old system, such as the 16-hour rule. This means that under Universal Credit people can increase their hours and keep more of what they earn - making sure work always pays. As well as the provision of ongoing, tailored support, we want to make sure people can get help from day one. That’s why we’ve made advance payments of 100 per cent available which can be paid on the first day if necessary. To help ease the transition for new claimants, we will continue to pay people’s Housing Benefit for two weeks when they move onto Universal Credit. And for those needing extra help with managing their payments, our jobcentre staff can help set-up direct payments to landlords.

Electric-car maker Tesla (NASDAQ:TSLA) doesn't report monthly U.S. That's historically made it murky when trying to figure out when the company would reach 200,000 units in U.S. 7,500 that is available to electric car buyers. Tesla just quietly confirmed that it delivered its 200,000th electric vehicle in the U.S. Model 3. Image source: Tesla.

7,500 credit is available for the remainder of 2018. As currently structured, the full credit is available for the quarter in which the 200,000th qualifying vehicle is delivered, as well as the subsequent quarter. For the next two quarters, 50% of the credit is available, followed by 25% of the credit for the two quarters after that. As the company only sells electric vehicles, Tesla is the first automaker to hit the 200,000 threshold, but Nissan and General Motors aren't too far behind.

It's worth noting that many states also offer various incentives in addition to the federal credit, and that GM is currently lobbying to have the credit expanded or extended. There had been some speculation that Tesla was strategically delaying some deliveries in order to postpone hitting the 200,000 threshold. CEO Elon Musk tweeted in 2016 that the company would try to help as many people get the credit as possible.

RGspan Our production ramp plan should enable large numbers of non X/S customers to receive the credit. Data source: SEC filings. However, the spike in vehicles in transit could also be attributable to progress in ramping Model 3 production. 35,000 base Model 3, which Tesla is not yet producing. 27,500, for instance, comparable with many mainstream midsize sedans from non-luxury brands. Tesla expects to begin producing the base Model 3 with a standard battery in six to nine months, at which point half the federal credit will still be available. There are signs that Model 3 demand may not be as strong as hoped, potentially because many reservation holders are waiting for the more affordable version, and losing the federal tax credit is an incremental negative for demand.



You've seen the ads claiming to be able to fix your bad credit, but do credit repair products really work, Honestly, many of the companies are a scam. There are a lot of credit repair companies out there and a lot of scams that go with them, so how can you find the more reliable ones, Look for three things: longevity, reputation and money-back guarantee.