Tacoma, Gig Harbor and University Place real estate and homes for sale in Washington, waterfront homes, view homes - Mike Flynn, REALTOR® Mike Flynn REALTOR(r) for Tacoma, Gig Harbor and University Place, Washington real estate, waterfront homes, view homes - NUMBER1EXPERT™ Mike Flynn NUMBER1EXPERT(tm) for Tacoma, Gig Harbor and University Place, Washington real estate, waterfront homes, view homes
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Mike Flynn, REALTOR®, real estate agent and broker for Tacoma, Gig Harbor and University Place Washington home listings, property and land for sale - NUMBER1EXPERT(tm)

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Real Estate Tips
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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Real Estate Trivia
Q 
Where is the world's largest dome?

A 
The Louisiana Superdome, with a diameter of 680 feet, is located in New Orleans, Louisiana.
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Mike Flynn, REALTOR®, real estate agent and broker for Tacoma, Gig Harbor and University Place Washington home listings, property and land for sale - NUMBER1EXPERT(tm)

Mike Flynn
John L. Scott/University Place

4970 Bridgeport Way W
University Place, WA. 98467
253-566-3889
253-222-5911
253-565-1010
Fax: 253-564-6004
Email: mikeflynn@NUMBER1EXPERT.com

Want local knowledge? Mike Flynn grew up right here in Gig Harbor and Tacoma, and has built a thriving, award-winning practice by helping folks succeed in their real estate goals. You can count on Mike for professional handling of your transactions, whether personal or for investment. Call or e-mail him today!

ABRCRSGRIREALTORSRES


John L. Scott/University Place real estate and homes for sale in Tacoma, Gig Harbor and University Place Washington

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