Re: Loan payments impact on credit score

In article 
<4bfa3796-8630-478f-85c3-bd6c213a739e@[EMAIL PROTECTED]
>,
 Mikki <mikki@[EMAIL PROTECTED]
> wrote:

> - We have personal reasons for wanting to relocate, so another option
> may be to relocate but to rent in our new location. With the current
> housing market, a seller may be willing to enter a lease-with-option-
> to-buy arrangement that would buy us some time to ac***ulate more
> money down. If we don't find something like that, we could just rent
> another apartment until we can find a house we like and have
> sufficient down payment saved up. Would the act of relocating and just
> being in an apartment for a year hurt our credit score? We have been
> at our current location for over two years...

Don't worry about your credit score.  All a credit score does is
tell a financial rip-off artist how profitable you are to them.
You really want to be building wealth for yourself and your family,
not paying for boats and cruises for some financial salesperson.

Go where you want, relocate where you choose.  Your happiness
is job #1 in life (right after job #0, which is survival).

I would always suggest renting for a while once you move to a
new area.  It takes a while to understand the character of new
area, and learn where your favorite spots are.  It might cost
a few dollars a month more to get a month to month lease, or get
a 6 month with option to renew, but that is a small amount
compared to making a mistake by ru****ng in to buy the wrong house.

Good luck in whatever choice you make.

-john-

-- 
====================================================================== 
John A. Weeks III           612-720-2854            john@[EMAIL PROTECTED]
 
Newave Communications                         http://www.johnweeks.com

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