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Posted by Carol-Ann Palmieri & Al Mussi on 1/16/2018

Your credit score impacts many of your important life decisions. From your ability to open new credit cards, to taking out loans for cars and houses, your credit will be checked by many companies throughout your life. Credit scores are mostly a mystery to the people who have them. Sure, you can check your credit score for free online, but when it comes to understanding your score, most consumers are in the dark. In a perfect world, we would be taught in high school and college exactly what goes into your credit score, how to build credit, and how to avoid credit missteps. Unfortunately, we don't live in that world and many of us don't find out what makes up a credit score until we're in debt from student loans or credit cards. In this article,  we'll teach you what a credit score is, what it consists of, and how it is affected by your financial decisions. And, we'll do it in an easy-to-understand way that skips all of the jargon and acronyms that are used by banks and lenders. Read on to learn everything you need to know about your credit score.

What is a credit score?

Simply put, your credit score tells lenders how safe it is to lend money to you, i.e., the likeliness of you paying back your debt to them. In the United States, credit scores are awarded by three major companies. Since they use slightly different methods of scoring your credit, your score can vary slightly between them. What they all have in common, however, is that they put together your score based on your financial history (or lack thereof). How do they come about your score?

Parts of a credit score

Think of an Olympic diver who just took a perfect dive. The judges off to the side are going to score her on a few different factors: her approach, her flight, and her entry into the water. They'll award her a number based on her dive and then those numbers are averaged to give her a score. Credit is scored in a similar way. You aren't judged just based on your payments or just based on how long you've had a credit card. Rather, you're judged based on a combination of five main things. For your FICO score (the score used by the majority of banks and lenders) those are:
  • 35% - payment history
  • 30% - current debt
  • 15% - how long you've had credit
  • 10% - types of credit
  • 10% - new credit
As you can see, the most important factors that make up your credit score revolve around how much you owe and if you pay your bills on time. Having high amounts of debt or credit cards that are maxed out (meaning you hit the spending limit), your score can be lowered. Similarly, your score can be lowered every time you miss a bill payment. However, if you do miss a payment and your score is lowered, it can be recovered by making on-time payments. Your credit score is also influenced by the length of your credit history (15%): when you opened your first credit card or took out your first loan. The longer you've been making on-time payments the better. The last two factors that make up your score are the types of credit you have (10%) and new credit (10%). Having many different types of credit (home loan, credit card, student loan, auto loan, etc.) will improve your score so long as you're making on-time payments. However, opening up new credit rapidly is a red flag for lenders that you might be in financial trouble, hurting your score.    




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Posted by Carol-Ann Palmieri & Al Mussi on 1/9/2018

If you love to read (or love to look like you love to read) there's no better addition to your house than a home library. Whether it's just one small bookshelf or an entire wall in your living room, a library can be both intellectually and aesthetically enriching for any household. Want to get the kids into reading? Hoping to provide something stimulating for your house guests to peruse? Want an all-access pass to some of the greatest fantasy worlds ever dreamt up? Here are some essential additions to any home library.

Cookbooks

Every home needs one or two good cookbooks. Yeah, you can find recipes online easily, but browsing through a cookbook is much more relaxing and might encourage you to try out a recipe you never would before. You can find any number of cookbooks on a range of topics, from historically accurate recipes from colonial times to gluten-free, vegan, raw food recipes only, there's no limit to what you can find.

The classics

Every library needs a copy of some of the classic works of literature. Homer, Chaucer, Fitzgerald, Hemingway, Orwell... they'll take you on a journey through time, sparking your imagination and curiosity.

Instructive

Let's face it, you won't get very far through The Canterbury Tales without a dictionary. Every library should be equipped with learning aids like dictionaries, language books, a world atlas, science and history books, and so on.

Greatest hits

Much of my library is made up of long lines of books that make up hit series like Harry Potter, The Lord of the Rings, A Song of Ice and Fire and so on. These are all fun books that someday your kids might read (well, maybe wait a while before showing them A Game of Thrones). Aside from epic sagas, you might be in the mood for something a bit lighter, physically and metaphorically. Pick up some bestsellers of the last 10 years at discount prices on Amazon or used from sites like Half.com.

Nonfiction masterpieces

Nothing is as exciting, scary, or bizarre as the world we live in. To be shocked and educated at the same time, pick up some of the recent Pulitzer Prize winners in the nonfiction category. You'll find history books that won't put you to sleep and cautionary tales about climate change that will probably keep you up at night. Even if you read or watch the news, there's no better way to fully understand a topic than by reading a book about it.

Visuals

You're not always going to pick up a book with the intention of reading hundreds of pages. Sometimes you or a house guest would like to casually flip through some interesting pages. Art, photography, comics and graphic novels are all excellent additions to any library.

Children's books

No library is complete without children's books, whatever your age may be. Children's books range from beautifully illustrated picture books to great stories like Where the Wild Things Are and the tales of Beatrix Potter.   These are just some of the basics that every library can benefit from. Now go and find some books that you love to make it uniquely your own.




Categories: Uncategorized  


Posted by Carol-Ann Palmieri & Al Mussi on 1/3/2018


855 Washington St, Franklin, MA 02038

Single-Family

$574,900
Price

8
Rooms
4
Beds
2/1
Full/Half Baths
New Construction! Can be ready for occupancy in 30 days! Architecturally pleasing, this colonial will be set up off road on a 2.5 acre lot with fabulous rural views. A classic, open floor plan will offer a spacious kitchen with generous allowances for cabinetry, counter tops and appliances, 4 bedrooms, 2.5 baths, 2 car garage, First floor laundry, family room with vaulted ceilings and gas fireplace. Central air, gas heating, 2 car garage. This is your opportunity to own a new home in Franklin with the freedom to make your own design selections.
Open House
No scheduled Open Houses

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Posted by Carol-Ann Palmieri & Al Mussi on 1/2/2018

Honesty is the best policy when you’re selling your home. There can be messy legal consequences when it comes to not disclosing problems contained within your home. If you’re unsure if you should disclose something, you probably should reveal it. Legally, here’s what you’ll need to be concerned about in your home as a seller:


A Death On The Property


Some would refer to these as “emotional defects.” A murder, suicide or violent crime occurred on the property most likely needs to be disclosed. If a death is more than 3 years old, it may not need to be discussed. If a buyer asks about it however, even crimes that occurred on the property more than 3 years ago must be exposed. 


The Use Of Lead Paint 


This is a must when it comes to seller disclosures. Any homes built before 1978 must have a lead paint disclosure signed. This is a federal law that applies to every state. Even if lead paint has been removed, the former presence of it must be revealed. If you are completely unaware of lead paint issues, you aren’t legally required to provide the information. In this area, it’s best to be honest.   


Got Ghosts? 


There truly is no disclosure too big or too small when it comes to selling your home. You may not think of paranormal activity as something you must reveal, but everything is important. If you believe your house is haunted or if an exorcism has been done to the home, buyers should know about it. Many states have laws that include the obligation to disclose all known facts about a home. Even if you think it’s a silly issue, it could be important to discuss with potential buyers.


Property Drainage Issues 


If your basement gets flooded or your backyard gets standing water, you need to expose that in the disclosure. Even if you believe an issue has been fixed, adding what has been done to documents can help to save you legal trouble later on. If you believe an issue has been resolved, at least the buyer has the information on hand as to what they might expect.


Unwanted Houseguests


Sellers are required by law to disclose any pest issue or infestation. Any types of creatures that have been found in the home like bedbugs, snakes, mice, or bats are an issue that must be shown on the disclosure. Even if the building has had the pests but you have not personally seen them, it’s a good idea to tell buyers about it to cover yourself.


Disputes With Neighbors


It’s wise to disclose neighborly disputes with potential buyers. This is especially true if it involves your property lines and fences. Even small issues can become big ones, so it’s always best to reveal them upfront.     





Posted by Carol-Ann Palmieri & Al Mussi on 12/29/2017


18 Elm St, Franklin, MA 02038

Single-Family

$349,900
Price

6
Rooms
3
Beds
2
Baths
Boundless opportunity presents itself for anyone that can appreciate the value of spacious one floor living. Situated on a large, beautiful lot this oversize ranch has 3 good size bedrooms and 2 full baths, eat in kitchen, dining and living room space. Hardwood floors, radiant heat. Pellet stove, 1st floor laundry and a very large walk out basement that adds even more possibilities for expansion! This home needs work but will be well worth the investment. Perfect for a contractor or someone with the ability to rejuvenate and renovate this home to it's full potential.
Open House
No scheduled Open Houses

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Categories: New Homes