Tag Archives: homebuying

RNR’s Rock Star of the Month: Lasha Raddatz

It’s no coincidence that RNR also stands for “Rock ‘N Roll” … because we think all of our agents are rock stars! Each month we will feature one of our team members to find out more about them and why they joined the biz. Next up is Lasha Raddatz, a 16-year veteran agent who loves working with first time homebuyers!

Lasha

Q: How long have you been in the business?

A: 16 years

Q: What’s your specialization?

A: First time buyers are my favorite demographic to work with. It’s such an exciting time for these families – we always have a blast!

Q: What is your dream home or favorite house style?

A: Lofts. Think exposed brick, concrete, floor-to-ceiling windows. Preferably on a beach.

Q: What is your favorite thing about living in the Twin Cities?

A: The music scene. I love all the live music here!

Q: What would you say is the Twin Cities’ best kept secret?

A: The band, MPLS. However, Jesse Larson from that band is now on The Voice and she is killing it!

Q: What are your hobbies/interests?

A: Traveling! It’s my oxygen.

Q: What is your favorite travel destination?

A: Jekkyl Island in Georgia.

Q: Do you have any hidden talents?

A: I am a great dancer and used to dance for a local hip hop group, The School of Thought.

Q: What is your favorite quote?

A: Home is where the heart is.

Q: Is there anything else we should know about you?

A: Real estate is my passion! It’s where I’ve met the most amazing people and had the most freedom to do what I love!

If you want Lasha to be a part of your Rock Star Home Buying or Home Selling team, contact her at lasha.r@rnrrealty.com!

Credit Score: What It Means and How to Improve It

Are you considering making a major purchase, like buying a home, this year? If so, your credit score will likely come into play. An understanding of the basics can help you effectively monitor and manage it.

Credit Score 101
Your credit score will usually range from 300 to 850. It’s derived from an algorithm that takes into account several factors, including payment history, the total debt owed and length of credit history.

Lenders use this three-digit number to predict risk and the likelihood that you’ll repay your debt on time. The higher your credit score, the less risk you are and the lower your loan terms will be. For example, a person with a “good” credit score of 700 may have a lower interest rate and smaller required down payment than someone with a “poor” credit score of 400.

How to Improve Your Score
If you don’t have much credit history or you have a few negatives on your report, consider these strategies to increase your score.

  • Pay all of your bills on time. Late payments can negatively impact your score.
  • Pay off debt where you can. The less debt you have, the lower your debt-to-income ratio.
  • Keep your credit card balances as low as possible, aiming to use no more than 30 percent of your available credit. And pay off as much as you can each month since higher balances can sink your score.
  • Review your credit report at least annually, and keep an eye out for mistakes and identity theft.

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