The Houston Housing Market in2020 and How Your Credit ScoreAffects Home Loans Presented By: The Phenix Group

Houston is one of the top markets in the nation for real estate investingbecause of its diversified economy and huge demand for housing.When you’re looking to purchase a house, the most critical factor ingetting the best mortgage rate possible from lenders is your creditscore.

● Current Housing Market in Houston - Even though COVID-19 interrupted the regular stream of sales, Houston sales were over 11% ahead of March 2019 levels. The federal government has lowered interest rates to the point where they are now at all-time lows. ● Houston Housing Market Predictions for 2020 - Prospective homebuyers face competition when looking to purchase low to mid-range houses for the rest of 2020. On the upside, low-interest rates will likely remain in place for the foreseeable future.

● How Does Your Credit Score Affect Loan ● How to Improve Your Credit Options and What Scores Do You Need? Score - The higher your credit score, the better interest rates you’ll qualify for. - On-time payments - 720 or higher = excellent - Cap your spending - 690 - 719 = good - Pay off Balances - 640 - 690 = fair - Find a mortgage within 30 days of - 640 or lower = bad applying for one - Get professional help

Presented By: Acquiring a home in this area has lots of The Phenix advantages. If you’re looking to buy a house in this location, achieving a high Group credit score is essential to get the lowest interest rate. https://thephenixgroup.com/the-houston-housing-market-in -2020-and-how-your-credit-score-affects-home-loans/