3/2.5 Beautiful Craftsman in Oroville-$319,900

Beautiful 1940s Craftsman in Oroville! This house has curb appeal!!! It boasts 2030 square feet, large living room with fireplace and many built-ins, original oak floors in good condition, formal dining room, remodeled kitchen with nook, laundry room with stackable washer/dryer and sink, 1.5 bathrooms downstairs,2 bedrooms downstairs, 1 with vaulted ceilings and slider to patio. Upstairs is a spacious master suite with windows all around, more hardwood floors, bathroom with large original (and in good shape) cast-iron tub, and walk-in closet. New HVAC system installed 1 yr ago, landscaped in front with sprinklers, brick patio backyard, and 1 car garage/workshop. This is currently rented at $1100/month. For more info call Nancy at 530-305-8976

Refinancing Dos & Donts

Here are some tips to avoid putting your financial future at risk!

 Do not wait too long!!! Lenders loan money based on risk. If you are getting into a bind and don’t feel secure, chances are good that lenders will feel the same about lending money to you! Seek professional help-a good mortgage broker can guide you in this.

Lenders look at many things to evaluate their risk.

#1 Credit Score-pretty obvious!

#2 Percentage of balances on your accounts relative to your limits-not so obvious. This can affect your score signifigantly!

#3 Liquid assets-they are mostly concerned with CASH in the bank

#4 Other assets- real estate, retirement accounts, stocks & bonds,etc.

#5 Income- your ability to repay debt

Do seek help- talk first to a dependable mortgage broker, before signing up for a ‘credit repair’ program. These tend to be expensive (this usually doesn’t help you get out of a financial bind!) and many lenders will not loan you money until you are completely done with the program. A mortgage broker should be able to show you how to raise your credit scores in most cases. If a mortgage broker can not help you, then it may be appropriate to do credit repair.

Do not get overwhelmed and sink into denial

Waiting for ’something to happen’ will surely end up with you losing your home, your credit or both, never mind your sanity!

As time goes by, so do your options . There are myriads of loan programs available to fit almost anyone-the sooner you decide to do something, the greater your options. Almost anyone can get a loan as we hear everyday in the advertising world! The real question is, how much are you willing to pay in interest??? The rates you pay are directly related to the risk the lender takes in loaning you the money.

Do periodically check your credit scores (all three of them). You can get 1 credit check per year without dinging your credit score. Your credit score is your financial report card-keep your scores up & you will be rewarded with great rates & programs! Remember also that sometimes your credit report will contain erroneous entries, and the credit bureaus are not quick to remove derogatory items. There are ways to fix this quickly, but it can be costly.

Do make payments on time and keep an eye on your balances and limits. Lenders like around 40% of your limits or less. If your balances are getting high, don’t continue charging or waiting!

Do not cut up your credit cards!!! Keeping your credit scores high entails actually using your credit cards and other accounts responsibly. If there is no use, lenders can not see if you are a good credit risk! Sometimes you can raise your score by actually opening another account, thereby lowering your balances relative to your limits. Everyone’s situation is different, and there are many variables involved, so try not to be your own doctor!!

Large Country Home on 1/3 Acre near Lake Oroville for $319,900!

This home features 2192 square feet of living with 2-3 bedrooms & 3 full bathrooms. Master bedroom plus large second bedroom with private entrance on main floor. Family room features natural rock fireplace with insert, open beam vaulted ceilings and stained glass windows, with view of water feature outside the slider. Loft bedroom with full bathroom upstairs. Spacious country kitchen with lots of cabinets and separate dining room. Expansive lawn with auto-sprinklers in front, natural landscaping with rock out-croppings elsewhere. 2 1yr old HVAC systems. Five minutes from downtown Oroville, a hike to river-fishing, and another 10 minutes to beautiful Lake Oroville for water sports. This is a big house! It is already rented out for $1250/month, so would be perfect rental property. It cashflows with 20% down-call 530-218-5765 for financing and other info.