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http://www.Myfirstmichiganhome.com
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Language: English
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My First Michigan Home is the brainchild of several successful real estate investors. My First Michigan Home understands it all starts with the acquisition of someone’s first house. Ownership is the key ingredient to building long term wealth and realizing the numerous advantages that exist over renting. Over the past years prices have fallen and a “Buyer’s Market” now exists. Seasoned investors see a unique opportunity in creating a niche in the Michigan Market which has been greatly under serviced. Personal ownership can start late, but still finish first. Yes, there are companies that work with clients to acquire their first homes but My First Michigan Home has a prospective that distinguishes itself from all of the others. This real estate corporation has interviewed hundreds of first time buyers to substantiate what if anything can be done to make the buying process better. After carefully listening to all the ideas both good and not so good this is what has been incorporated for the ultimate Home Buying Program. My First Michigan Home offers a perks package which assists the first time buyer with the transition from renter to home owner. Our packages include: Closing Cost Assistance, Furniture Shopping Sprees, and everybody’s personal favorite, the “Relax and Let Us Move You” package.
Date / Time: 10/13/2009 10:03 PM UTC
The use of a secured credit card can and will build your credit over time, it is not an overnight fix to your past credit woes. What is a secured credit card: “a credit card that is issued to a consumer that is tied to their savings account? The amount in the savings account is used to determine the amount of credit available for a person to use. These are often easier to obtain than a traditional credit card”.
How can it help you: you'll have to make all of your monthly payments on time? Think of it as rebuilding the bank's trust in you. After a while, your available credit limit will go up. Then your credit history will reflect a history of timely payments as well as more available credit, both of which will help rebuild your credit score.
Pay close attention to the fees that each company charge, some can be outrageous. You want to steer clear of cards that require a setup fee, account activation fee, annual membership fee, and monthly maintenance fee. With a $200 credit line, you'd soon be over your limit from fees alone.
The best use of a secured credit card would be to never carry a balance on it. Make a few small purchases each month, and then pay them off in full. That way, your credit score will reflect that you've made your payments on time, and you'll pave the way for a better tomorrow.
Secured credit cards traps to avoid, make sure the secured card you choose to help you rebuild your credit: “Reports the credit card limit you have (even if it's only $200)”. Very important to find out that your new secured card does not report that the card is a secured card.
In closing do not look at secured credit cards as a bad thing; they are very useful tools for rebuilding your credit score after tough financial times. Secured credit cards are available to everyone, regardless of how far their credit score has fallen.
To find out more about how My First Michigan home can assist you in your new home purchase, or to find out more about secured credit cards can help build your credit score to an accept level please contact:
Christopher Shaw
My First Michigan Home
16250 Northland Drive Ste 242
Southfield, MI 48075
248-569-1486
www.myfirstmichiganhome.com
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