EASIER TO BUY A HOME
You’re more likely to get approved for a mortgage when your credit is strong. This increases your purchasing power in a market where record low interest rates have already made many homes easier to afford.
LOWER INTEREST RATES ON LOANS
A good or excellent credit score earns you a lower interest rate on most loans and gives you the power to negotiate other elements, like a better repayment plan or higher principal.
DISCOUNT ON CAR INSURANCE
Insurance companies won’t turn you away for bad credit, but they may raise rates. Maintaining good credit could lower your monthly premium.
GET A BETTER PHONE PLAN
Excellent credit can determine whether your wireless carrier grants you a contract with potential discounts or a costly month-to-month plan that often requires a security deposit.
SECURE THE BEST CREDIT CARDS
If your credit is in a good place, you could qualify for credit cards with excellent incentives and benefits. You may also land a higher credit limit if you’ve been proven to pay your bills on time.
MORE OPTIONS FOR RENTERS
Good credit shows landlords you are responsible, which can potentially lower your security deposit as well as any fees required up front.
TIPS FOR BUILDING EXCELLENT CREDIT
PAY ON TIME: Payment history is the largest part of your FICO® score at 35%, so pay bills on time to keep your score high.
KEEP BALANCES LOW: Aim to use less than 30% of your credit limit.
PAY ATTENTION TO YOUR SCORE: Monitor your credit score regularly to know where you stand. If it’s lower than you thought, consider running your credit report to check for possible errors.
BE PATIENT: While negative credit information is frustrating, it typically ages off your credit report after a few years,
depending on the situation.
SHOP SMART: Do your research before applying for loans or credit cards to avoid unnecessary hard inquiries that may lower your credit score.
COMMON CREDIT MISCONCEPTIONS
MYTH: Closing my unused credit card account will help my score.
FACT: Keeping old cards can boost your credit amount and credit history, which may improve your score.
MYTH: Checking my own credit score lowers it.
FACT: This is a soft inquiry that shouldn’t affect your score.
MYTH: Any debt will hurt my credit score.
FACT: Not all debt is bad. For example, paying the mortgage on time can raise your score. Excessive credit card debt, however, can lower it.
EASIER TO BUY A HOME
You’re more likely to get approved for a mortgage when your credit is strong. This increases your purchasing power in a market where record low interest rates have already made many homes easier to afford.
LOWER INTEREST RATES ON LOANS
A good or excellent credit score earns you a lower interest rate on most loans and gives you the power to negotiate other elements, like a better repayment plan or higher principal.
DISCOUNT ON CAR INSURANCE
Insurance companies won’t turn you away for bad credit, but they may raise rates. Maintaining good credit could lower your monthly premium.
GET A BETTER PHONE PLAN
Excellent credit can determine whether your wireless carrier grants you a contract with potential discounts or a costly month-to-month plan that often requires a security deposit.
SECURE THE BEST CREDIT CARDS
If your credit is in a good place, you could qualify for credit cards with excellent incentives and benefits. You may also land a higher credit limit if you’ve been proven to pay your bills on time.
MORE OPTIONS FOR RENTERS
Good credit shows landlords you are responsible, which can potentially lower your security deposit as well as any fees required up front.
TIPS FOR BUILDING EXCELLENT CREDIT
PAY ON TIME: Payment history is the largest part of your FICO® score at 35%, so pay bills on time to keep your score high.
KEEP BALANCES LOW: Aim to use less than 30% of your credit limit.
PAY ATTENTION TO YOUR SCORE: Monitor your credit score regularly to know where you stand. If it’s lower than you thought, consider running your credit report to check for possible errors.
BE PATIENT: While negative credit information is frustrating, it typically ages off your credit report after a few years,
depending on the situation.
SHOP SMART: Do your research before applying for loans or credit cards to avoid unnecessary hard inquiries that may lower your credit score.
COMMON CREDIT MISCONCEPTIONS
MYTH: Closing my unused credit card account will help my score.
FACT: Keeping old cards can boost your credit amount and credit history, which may improve your score.
MYTH: Checking my own credit score lowers it.
FACT: This is a soft inquiry that shouldn’t affect your score.
MYTH: Any debt will hurt my credit score.
FACT: Not all debt is bad. For example, paying the mortgage on time can raise your score. Excessive credit card debt, however, can lower it.
FEATURED PROPERTY
2302 SOUOTH MICHIGAN AVENUE UNIT 503
Sold | 2 Beds | 2 Baths
ONE OF A KIND!! Dramatic penthouse timber loft with private rooftop deck that will truly take your breath away upon walking through the door! You will be wowed by the volume timber ceilings and beams coupled with oversized windows, exposed brick and ductwork, custom industrial light fixtures and an incredible floorplan & updates. This unit is the best combination of function and style. Open floorplan is ideal for entertaining with expanded kitchen island and custom matching dry bar area, a gas fireplace with coordinating hearth and surround perfect for setting the mood, and generous room sizes with hardwood floors throughout. Second bedroom is equally as large and features solid French doors and a full wall of Elfa organized closets. Your master suite offers the most incredible vantage point of the space while maintaining privacy and storage with tons of organized Elfa closets & marble bath with double bowl Euro height vanity & stand up shower. Enjoy the best of outdoor entertaining on your private rooftop deck! Truly a one of a kind unit that is in move in condition just waiting for you to call this home! Heated garage parking additional 25K. Fantastic South Loop location with access to public transportation, new restaurants, McCormick Place, Wintrust Arena, Marriott Food Hall plus walking paths to the Lakefront, Soldier Field & so much more!
FEATURED PROPERTY
2302 SOUTH MICHIGAN AVENUE UNIT 503
$375,000 | 2 Beds | 2 Baths
ONE OF A KIND!! Dramatic penthouse timber loft with private rooftop deck that will truly take your breath away upon walking through the door! You will be wowed by the volume timber ceilings and beams coupled with oversized windows, exposed brick and ductwork, custom industrial light fixtures and an incredible floorplan & updates. This unit is the best combination of function and style. Open floorplan is ideal for entertaining with expanded kitchen island and custom matching dry bar area, a gas fireplace with coordinating hearth and surround perfect for setting the mood, and generous room sizes with hardwood floors throughout. Second bedroom is equally as large and features solid French doors and a full wall of Elfa organized closets. Your master suite offers the most incredible vantage point of the space while maintaining privacy and storage with tons of organized Elfa closets & marble bath with double bowl Euro height vanity & stand up shower. Enjoy the best of outdoor entertaining on your private rooftop deck! Truly a one of a kind unit that is in move in condition just waiting for you to call this home! Heated garage parking additional 25K. Fantastic South Loop location with access to public transportation, new restaurants, McCormick Place, Wintrust Arena, Marriott Food Hall plus walking paths to the Lakefront, Soldier Field & so much more!
CONTACT US FOR MORE DETAILS OR TO SCHEDULE A PRIVATE SHOWING!
