|
Search the MLS Search Indianapolis, Greenwood, Center Grove,Johnson County, Local MLS HERE!
|

Sign Up For Our eNewsletter, FREE! There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU. Find Out More > View All Offers >
|
Compare three mortgages at one time.
Download TripleCalc now. It's free.
|
Janice Kernel and Sherie Howard are
some of The Top Selling Real Estate Experts Find Out More > |
|
|
 |
Special Offers From Us To You! Just for you, we've assembled some Special Offers. Choose one or all! 

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.
|
| Q |
What private residence is considered the most expensive house ever built?
|
| A |
The William Randolph Hearst Ranch in San Simeon, California cost over $30 million, equivalent today to $276,883,320. Bill Gates recently built a home for over $40 million.
|
See More Real Estate Trivia > |
|
|
|
|