Welcome to Blair Realty, the premier resource for all real estate information and service in the Highlands-Cashiers, NC area. Blair Realty was established in Highlands in 1980 and located on Main Street for many years. Please enjoy your visit and explore everything our website has to offer, including all listings in the Highlands-Cashiers Multiple Listing Service,information for buyers & sellers,community information, and more. We look forward to assisting your real estate needs. Visit as often as you like, and contact us for information on any listings in this area. Representing all properties in the Highlands & Cashiers Area.
BLAIR REALTY Est.1980 Wildcat Cliffs Country Club Information Center since1989
When you apply for a mortgage loan, you expect your lender to pull a credit report and look at whether you’ve made your payments on time. What you may not expect is that they seem to be more interested in your FICO® score.
“What’s a FICO® score?” is a common reaction.
Each time your credit report is pulled, it is run through a computer program with a built-in scorecard. Points are awarded or deducted based on certain items such as how long you have had credit cards, whether you make your payments on time, if your credit balances are near maximum, and assorted other variables. When the credit report prints in your lender’s office, the total score is displayed. Your score can be anywhere between the high 300’s and the low 850’s.
Lenders wanted to determine if there was any relationship between these credit scores and whether borrowers made their payments on time, so they did a study. The study showed that borrowers with scores above 680 almost always made their payments on time. Borrowers with scores below 600 seemed fairly certain to develop problems.
As a result, credit scoring became a more important factor in approving mortgage loans. Credit scores also made it easier to develop artificial intelligence computer programs that could make a “yes” decision for loans that should obviously be approved. Nowadays, a computer and not a person may have actually approved your mortgage.
In short, lower credit scores require a more thorough review than higher scores. Often, mortgage lenders will not even consider a score below 600.
Some of the things that affect your FICO score are:
Too many accounts opened within the last twelve months
Short credit history
Balances on revolving credit are near the maximum limits
Public records, such as tax liens, judgments, or bankruptcies
No recent credit card balances
Too many recent credit inquiries
Too few revolving accounts
Too many revolving accounts
FICO® actually stands for Fair Isaac and Company, which is the company used by the Experian (formerly TRW) credit bureau to calculate credit scores. Trans-Union and Equifax are two other credit bureaus who also provide credit scores.
I was impressed with Margaret & Blair from the moment we met. Their office is beautiful and very unique! Their knowledge of the area was terrific. As a native of Atlanta, I was familiar with the Highlands area, but no expert. They listened to me and helped me determine what was most important in my home selection.They directed me to properties that were right for our family rather than trying to sell me something in a specific club or one of their own listings. I felt like they were working in my best interest. I recommend them to anyone exploring the area. bbjclemsonfan
Great experience. They were very helpful from showing properties through the closing. Recommend them highly to anyone interested in property. They understand what you are looking for and do not waste your time showing you things that they know will not work for you. Susan & John Wiener