Real Estate Information Archive


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How to Maintain Your High Credit Score

by The Pat Wattam Team

Just had a great conversation with a mortrgage lender on things that affect credit scores.  Did you know that if you have a credit card or other credit account, that you pay off and CANCEL the account, your credit score can DROP significantly?!!!  She just told me that a client had closed out an account where he had $60,000 credit line.  When he closed it out, his credit score dropped 40 Points!!!!  I always thought that it was good to not have a bunch of credit cards.  Evidently, it's good to have credit  accounts that you pay off every month but if you close them out, your available credit drops and that affects your score.  The moral of this is, before you close out any credit accounts, talk with your lender and have them advise you!!

$8000 Tax Credit Explained

by The Pat Wattam Team

Do You Want $8000!!!

by The Pat Wattam Team

Don't we all!!!!  Well, if you are a first time home buyer, and you fit into the financial criteria (under $75000 a year if single, $150,000 a year if married - but these are just guidelines - they are a LITTLE flexible on the income but the more you make, the amount of tax credit you receive goes down), you can receive up to $8000 as a TAX CREDIT when you file your 2009 taxes next year.  This is $8000 in your pocket!!!!  What better incentive to buy a house!  The house must close by the end of November 2009 to qualify. 

We will post information from local CPA's right here with more of the criteria.   Or just call me at 298-6900 and we'll get the information for you!

What's the Market Doing??

by The Pat Wattam Team

Displaying blog entries 1-4 of 4




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Contact Information

Photo of Pat Wattam Real Estate
Pat Wattam
RE/MAX First, Independently Owned and Operated
4750 Sherwood Common
Baton Rouge LA 70816
Office Direct: 225-298-6900
Office Main: 225-291-1234
Fax: 225-295-1234

RE/MAX First
Each Office Independently Owned and Operated
Main: 225-291-1234

Licensed by the Louisiana Real Estate Commission