Many people get confused when it comes to their credit report. Few people know what information is gather to make up your report and your final score. Your credit report is made up of several parts, but basically it contains information about your past and present personal and financial situation.
Personal information: This is your basic information such as your name, address, (several if you have moved recently) social insurance number, telephone number, date of birth, and your current and previous employer(s) again if you have changed jobs in the last few years.
Credit information: This section is information related to any credit you may already have, like credit cards, store credit cards, a line of credit, a loan or a mortgage, car lease.
Banking information: This is information about the bank or credit union accounts you have, including a record of NSF (non-sufficient funds) or "bad" cheques you may have written.
Public records: A bankruptcy or a credit-related court judgment against you in a lawsuit would be in this section. Loans, where you have pledge an asset as collateral, like a car loan, would also appear in your credit report.
Collection information: This section will show if you ever had a debt that you could not pay which was referred to a collection agency for payment.
Consumer statement: This area allows you to put a statement on your report related to a problem with a creditor. For instance, if you have a dispute with your credit card company and they report you to the credit bureau it allows you to post your side of the story.
Credit report inquiries: This is a list of all of the people who have inquired about your credit: yourself, a lender, or any other authorized organization.
By taking the information from each of the catagories above, a very complicated mathemathical formula is applied to arrive at your credit score. But each of the above is not treated equally in determining your credit rating or as it is commonly called in the industry your Beacon score. Your payment history, outstanding credit balances and if you have been bankrupt are weighted much more heavily than if you personally enquired into your credit score. Credit cards with high limits and high balances affect you more than a high limit with a low balance.
Jamie Woodend
Sales Representative
Remax a-b Realty Ltd Brokerage
88 Wellington Street
Stratford, Ontario, N5A 2L2
519-273-2821 ext 229 Office
519-949-0345 Cell
MLS:#100454 Price:$95,900 Attention Small Contractors, Are You Renting Or Worse, Working Out Of Your Garage, Here Is Your Solution. This Cement Block 800 Sq. Ft. Building With 12' Inside Ceiling Height, 10' x 10' Overhead Door At Front For Easy Access For Equiptment. Heated With Forced Air Gas, 2 Pc. Bath Along With Good Location With Lots Of Parking. Available To Buy Or Lease; Call Today To See For Yourself.
Jamie Woodend
Sales Representative
Remax a-b Realty Ltd Brokerage
88 Wellington Street
Stratford, Ontario, N5A 2L2
519-273-2821 ext 229 Office
519-949-0345 Cell
MLS:#100422
Price:$126,900
Bedrooms:3
Bathrooms:1
Great For First Time Buyers Or Investment Home Only 5 Minute Walk From Downtown Core. Finished Hardwood Floors Throughout 2 Levels. Early Possession Available.
Jamie Woodend
Sales Representative
Remax a-b Realty Ltd Brokerage
88 Wellington Street
Stratford, Ontario, N5A 2L2
519-273-2821 ext 229 Office
519-949-0345 Cell
Great For First Time Buyers Or Investment Home Only 5 Minute Walk From Downtown Core. Finished Hardwood Floors Throughout 2 Levels. Early Possession Available.
Market Report
In real estate January is always a good time to look back at the year that was and than look forward to the year that will be. Today we are going to look back at 2009.
Last year was called "the worst economic climate since the depression." It was repeated on the news and papers across Canada. In actual fact it was not true. We certainly had a tough year but it was no worst than the downturn we experienced in the early 80's. The media also talked about the plummeting real estate values across the nation. This was only partial true.
Many market places did suffer declines, but many did not. Locally Stratford weathered the storm very well. How much did prices decline here in Stratford? They didn't. That right, we went up last year compared to 2008. House prices rose 1.52% - 2009 over 2008. The average house price in 2008 was $214,725 but 2009 was $218, 030.
Going forward into 2010 the biggest challenge we currently face is the lack of inventory. There are just not enough houses for sale in Stratford. Currently there are only 36 houses under the average house price of $218,030. If fact there are only 120 homes on the market in Stratford. Not nearly enough to have a good balanced market. What it means is the seller's have the upper hand and buyers will have to move quickly if they find the home they are looking.
If you are thinking that this may be the year to move up or to enter the market, now is the time. You want to be fully prepared to take advantage in the spring market. With the lack of snow this year the spring market is here, so that means getting ready right now.
Jamie Woodend
Sales Representative
Remax a-b Realty Ltd Brokerage
88 Wellington Street
Stratford, Ontario, N5A 2L2
519-273-2821 ext 229 Office
519-949-0345 Cell
Remember the 80's and stucco ceilings? Some people call it popcorn ceiling. It seems every home that was renovated or built in the 80's has a stucco ceiling these days it seems rather dates and stale. But it can be changed.
First, know this. It is a mess, dirty job. There is no way around this. It is messy!! Hopefully it has not been painted as this makes it very difficult to remove. In fact if your stucco ceiling also has many layers of paint it may be easier to re-drywall the ceiling.
To get started removing the stucco, empty the room. Remember the part where I said it is mess, you will want your furniture out of room.
Next cover the floor and walls with plastic or drop clothes. It will make clean up much easier.
Using a spray bottle or small garden sprayer, filled with water, wet the ceiling slightly, don't soak the ceiling just get the stucco wet. Work a small area at time and using a wide metal scrapper scrap the ceiling. Be sure to hold the scrapper blade almost parallel to the ceiling to avoid gauging drywall.
Once fully scrapped let it dry over night and than repair any marks or bad areas that need finishing. It is common to find the drywall underneath the stucco not finished as well as the walls. Stucco can hide some faults in the drywall that will now need to be repaired.
Now that the repairs are completed sand the entire ceiling using 100 grit paper, prime and than paint the colour of your choice.
Jamie Woodend
Sales Representative
Remax a-b Realty Ltd Brokerage
88 Wellington Street
Stratford, Ontario, N5A 2L2
519-273-2821 ext 229 Office
519-949-0345 Cell
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