Aucoin Ryan Realty | Southbridge, MA Real Estate, Sturbridge, MA Real Estate, Charlton, MA Real Esta


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Thinking of buying a home in the near future? You're going to need a preapproval. This tells real estate agents that you're serious about the home-buying process, and it alerts sellers that you're a solid, low-risk candidate. Preapprovals aren't always easy to score, however. And if you're someone who's had a few credit issues in the past, you may need to improve your credit score before your dream of home-ownership becomes reality. 

Here's a checklist of best practices for prepping your credit to gain a preapproval:

Check Your Credit Reports

Before you ever approach a lender for a home loan preapproval, make sure you know what's on your credit reports. You're entitled to one free credit report each year from each of the three different reporting agencies:

Order credit reports for yourself and for anyone who will be a co-applicant on your home loan, and then scour your reports for inaccuracies. 

File Immediate Disputes Over Inaccuracies

Any discrepancies you find should be reported immediately. It's an easy process of reporting the issue to the credit bureau and waiting while they go back to the creditor to verify what you've claimed. In most instances, the inaccuracy will be removed within a week or two, though you may have to produce receipts as proof of payment. 

Contact Creditors to Offer Settlements

Make a list of old, unpaid debts that are valid and set aside the funds to pay them off, one by one. If you have cash-in-hand, call creditors and ask them to settle for a portion of the balance in cash. Some may be willing to work with you, others may not. But it never hurts to ask. 

Pay Current Bills On Time

Stay current on existing accounts. Make sure everything is paid on time, from credit cards to car payments, to ensure you don't lose points on your overall score while you're working toward credit restoration. 

Pay Down Your Debt-to-Income Ratio

Your debt-to-income ratio is an indicator of how responsibly you use your credit. The lower your ratio, the easier it will be to obtain a preapproval. Pay down big balances. The more credit you're able to free up, the more attractive you'll look to potential lenders. Prepping your credit to gain a preapproval is surprisingly easy, but it requires the funds necessary to pay off outstanding debts and to pay down current balances. 

Start early if you suspect there are items on your credit report that require fixing, and be patient as things circle back around. Credit repair is not an overnight fix, but with steady progress, it won't be long until you have a preapproval for your new dream home.



79 Dennison Hill Rd, Southbridge, MA 01550

Single-Family

$319,000
Price

7
Rooms
3
Beds
2/1
Full/Half Baths
Coming Soon to the Market - July 5, 2020. Beautiful oversized ranch in fabulous neighborhood. Major addition put on in the late 80's including master bedroom, master bathroom and walk in closet. Amazing fully finished walk out basement with gas stove that can heat the house. Exterior access to lovely inground pool to enjoy the warmer weather by. First floor laundry, formal living room with fireplace, first floor den/sitting area/4th bedroom. Fully applianced kitchen with large dining area. Lots of windows let in natural light. Front porch to enjoy the evenings. One car garage. Plenty of storage throughout the house.
Open House
No scheduled Open Houses

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63 Briarwood Ave, Southbridge, MA 01550

Single-Family

$275,000
Price

8
Rooms
3
Beds
2
Baths
Wonderful 3 bedroom custom built ranch with lots of space is ready for you to move in and enjoy! Located in a great neighborhood surrounded by trees and privacy. Last home on the street promises little traffic. Large family room addition with french doors to a large deck are perfect for relaxing and entertaining. Wood stove offers great economic heating option for the house. Kitchen has newer stainless steel appliances a dining area and sitting/office area. Additional dining room off the kitchen leads into spacious living room with cozy brick fireplace. Enjoy your coffee on the balcony area off the master bedroom. Master bath just remodeled with oversized shower, tile and vanity. Second bath remodeled with tub/shower, tile floor, and granite vanity. 1st fl. laundry.Extra large walkout basement with workshop area and plenty of storage. High ceilings would make it an easy space to finish off. Two car garage with electric opener. One layer new roof put on 5 years ago.
Open House
No scheduled Open Houses

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This Multi-Family in Webster, MA recently sold for $180,000. This style home was sold by Office Southbridge - Aucoin Ryan Realty.


46 Prospect St, Webster, MA 01570

Multi-Family

$209,900
Price
$180,000
Sale Price

3
Units
3,674
Approx. GLA
BACK ON THE MARKET due to Buyer not getting financing! INVESTORS TAKE NOTICE!! Large Centrally located, fully rented 3 family property for sale, Located minutes from major highways and walking distance to area schools and shops. Property does need some TLC but all the big ticket items has been taken care of. The roof is approximately 10 yrs young, electrical has been updated and each unit pays their own electric and heat. There are 3 new gas meters and newer hot water tanks for each unit. All tenants are tenants at will. Great size yard and plenty of parking. PROPERTY WILL NOT QUALIFY FOR FHA FINANCING! - - INVESTORS ONLY! Don’t miss out on this great opportunity.




This Single-Family in Southbridge, MA recently sold for $254,900. This Victorian style home was sold by Office Southbridge - Aucoin Ryan Realty.


34 Prospect St, Southbridge, MA 01550

Single-Family

$254,900
Price
$254,900
Sale Price

7
Rooms
3
Beds
1/1
Full/Half Baths
Charming Victorian with all the character of yesteryear and all the updates of today with private wooded backyard. Beautifully maintained and freshly painted inside and out. Gorgeous hardwood floors throughout most of the house, high ceilings and spacious rooms and replacement windows.Office could be used as a 4th Bedroom. Fully applianced, updated kitchen with pellet stove that can heat the entire home. In 2019 house had blown-in insulation, driveway resealed and outside repainted.Roof stripped, new plywood and roof and gutters 10 years ago. External generator and hook up can stay. 300 gallon oil storage . Outside water faucet. Natural Gas connection to house for kitchen stove. Large 2 car garage with electric opener and manual key if needed. Loads of additional walk in storage over the garage and plenty of storage in basement. House is surrounded by beautiful perennials and landscaping. Drive by, look at the beautiful photos on line and call for a private showing.

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