All Forum Posts by: Yvonne Griffin

Welcome to bigger pockets : ) One thing I love about this site is that it is sooo pure. The experienced people don't make you feel less professional for just starting out and they actually teach you! I hope you will come to enjoy that as well.

Blessings,

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Hello Ray!

Welcome to Bigger Pockets! I love this site, I know u will too!

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Originally posted by "TC":

So when these drunks don't show up, your project doesn't come to a stand still.

tHAT IS HILARIOUS :D

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Thank you all for your input. I applied for my number about a week ago. I hope it will help my business.

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Hey jborchers2,

The home actually sold 2 days after I saw it! I should have put it under contract right away! In the interim, I have been building my buyers list and have gotten a good response. Mostly every investor I initially approached wanted to know what company I worked for, so I started my own...Higher Heights Real Estate Services LLC. That is what I have been busy doing. I have to now publish the company and I am now ordering my bandit signs!

Thanks again for asking about the deal.

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Welcome Firefox! :D

I am fairly new to the site as well but have learned sooooooo much. I know you will too.
be blessed.

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Originally posted by "bluemangroup":

I want a to bolster my FICO score and I have two big accounts that are both current. I want to get rid of one by paying them off:

1. School Loan (US DEPT of EDUC) - $50K - paying $500 a month (basically onl 1/3 of the payment actually hitting principal :cry: ). I'll be a young 81yr old when it gets paid off at status quo.

2. Home Equity Line of Credit (Wachovia) - $46K- paying $500 twice a month (1st and 15th of every month). Original loan of $50K. About $760 goes toward principal.

Which one should I take care of first?
Does it even matter with regard to FICO impact?

I'm leaning towards the home equity line of credit because of the fact I'll have that $50K in hand for a rainy day if I pay it off.

Thanks ahead of time...

bluemangroup,

Here are my thoughts:

High interest loans are definately going to be more of a burden in the long run, so I would consider starting with the loan with the higher interest. Keep in mind that the U.S DEPT of EDUCATION is really good at offering forbearances and economic hardship deferments in case you become unable to pay for some reason. Educational debt is "GOOD" debt and can be paid off slowly due the the very low interest rates. You may not have that luxury with Wachovia. Therefore, I would be making minimum payments on the student loans and be paying all I could to pay off the HELOC.

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My understanding is that your partners FICO will not go down, but that the loan will be based on your FICO since it's the lower of the two of you.
Your partners FICO should not go down as your FICO only goes down one point per 4 inquries. ( excluding shopping for mortgage loans)

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All Forum Posts by: Yvonne Griffin

Yvonne Griffin has started 3 posts and replied 30 times.

Post: My inttro - looking to network on bulk R.E. in AZ

Post: Newbie to BIGGERPOCKETS from Kansas City

Post: Indianapolis Single Mom new to boards

Post: Hello from Jacksonville, Florida!

Post: Why is it?

Post: D&B (DUNS #) worth it?

Post: Okay....This could be big....my first offer...maybe

Post: New from PA

Post: FICO increase...which one should I do first?

Post: dose it effect my credit