George L. Duarte

Mortgage Loans Fremont California Horizon Financial Associates

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Horizon Financial Associates

We are a full-service mortgage brokerage serving the San Francisco East Bay Area in Alameda and Contra Costa counties. We are pleased to be your comprehensive source for all of your home financing needs – from a first home, to investment property, construction loans, cash out refinances, equity lines of credit and reverse mortgages.

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It’s Hammer Time: 4 Common Remodeling Mistakes and How to Avoid Them

November 8, 2017 by George Duarte

It's Hammer Time: 4 Common Remodeling Mistakes and How to Avoid ThemInvesting in your home by remodeling or renovating is an excellent way to increase its value. However, a significant renovation project can quickly turn into a disaster, especially for those who are inexperienced. Let’s take a look at four of the more common home renovation mistakes that homeowners make and how you can avoid them.

Mistake #1: Skipping The Permit Process

The first mistake you will want to avoid is undertaking any home renovation without the required permits. While some remodeling projects will not require a permit, others will. Regardless, it is more than worth taking the time to do your research to ensure you do not run afoul of the law. A visit to the city’s website or a quick phone call is all you will need to find out if a permit is required and how much it will cost.

Mistake #2: Being Afraid

A great way to ruin your renovation is to be too afraid to transform the space into whatever best suits your family. Try to avoid being trendy and going with renos that you saw recently on television. Instead, consider how you currently use your kitchen, bathroom or whatever other space you’re changing and improve it for the better.

Mistake #3: Using Cheap Materials Or Labor

When it comes to contractors, going cheap is rarely a good idea. You want someone who is going to do the best quality of work at a fair, affordable price. Moreover, since you’re investing in that contractor, it is best to also invest in using high-quality materials for the job.

Also, don’t be the type that skimps on costs just because something isn’t visible. A good example is if your contractor recommends that you install something like a bathroom membrane system. Yes, it’s an extra cost that is mostly a preventive measure against mold getting under your tiles. However, it is a small consideration in protecting the more substantial investment you’re making in upgrading your home.

Mistake #4: Changing Your Mind

As the old saying goes: “measure twice, cut once.” Changing your mind in the middle of your renovation is almost certainly going to cost you. Once you commit, try to stick to the plan unless circumstances force you to make a change. These are just four of the many mistakes that can be made by an inexperienced home renovator.

Filed Under: Around The Home Tagged With: Around The Home, Homeowner Tips, Upgrades and Renovations

Considering a New Home Next Year? Start Now and Get a Jump on Improving Your Credit Score

November 7, 2017 by George Duarte

Considering a New Home Next Year? Start Now and Get a Jump on Improving Your Credit ScoreIn the market for a new home in 2018? With the new year just a few short weeks away, that leaves you with precious little time to get your finances in order. Let’s explore a few tips that will help you get a jump on improving your credit score before the end of the year.

Grab A Fresh Copy

The first step is to order a fresh copy of your credit report from one of the major agencies. The Fair Credit Reporting Act allows you to access a free copy of your credit report once every 12 months. So, if you have not ordered a copy recently, it is time to do so. You can access this free service through AnnualCreditReport.com, which is a website recommended by the Federal Trade Commission.

Clean Up Anything Outstanding

Now that you have a copy of your credit report, it’s time to go through it, line-by-line. You should recognize every current and outstanding account in the report. Any balances owing should be in order and reflect how much you owe. It’s critical that you flag any mistakes or old debts that you have already paid in full. If you come across anything that shouldn’t be on your credit report, call the reporting agency to let them know. If necessary, they will assist you with challenging the issue.

Pay Down Those High-Interest Debts

The final tip in today’s guide is to prioritize your outstanding debts so that you can pay them off more efficiently. The essential debt payments are your mandatory minimums, which you need to pay to avoid being sent to a collection agency. From there, try to pay off your debts with the highest interest rates first. Getting these paid off faster means that over time, you’re spending less on interest payments. Moreover, you can use that extra cash to pay your debts down further.

The above are just a few of the action steps that you can take today to start improving your credit score. When you’re ready to discuss a mortgage for your new home, give our team a call. We will be happy to advise you on the mortgage offer that suits your needs, budget, and credit.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage, Mortgage Applications

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George L. Duarte

MBA, CMC, CMHS
Call 510.377.9059
Fremont, CA

California DRE Corp Lic no. 01032295
DRE Personal Brokers Lic. No. 00943635
NMLS Corporate Lic. No. 302358
Personal Lic. No. 302219

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