Fred F Filsoof

Fred Filsoof President of Coordinated Properties emphasizes the importance of the first time home buyer's credit score.

Press Release   •   Feb 10, 2010 12:39 EST

"Over the past year, lending requirements have tightened and credit thresholds have increased across the board", says Fred Filsoof, President of Atlanta based, Coordinated Properties. Any first time home buyer should be purchasing a home before April 30th to take advantage of the federal housing tax credit. There are many fantastic deals currently available in the Atlanta real estate market. Prices have never been lower and builders are willing to offer additional incentives. Plus, mortgage interest rates are also at all-time low levels.

As you begin to look seriously for a house, being an informed buyer and knowing what is on the market is key.  Also, know what your budget is and stick to it–don’t be afraid to negotiate.

Credit Score
Credit scores not only make the difference between a mortgage approval and mortgage turn-down, but they also play a large role in determining your actual mortgage note rate. In order to protect your credit rate, avoid these mistakes:

* Closing open credit cards
* Making appliance buys on credit prior to closing
* Asking creditors to lower credit balances prior to closing

In general, a 740 FICO will insulate a borrower from the higher costs and/or rates associated with low credit scores.  Below 740, though, every 20 points adds to the damage.  

Ongoing Projects
"Presently, Coordinated Properties is completing the third stage of development of a 270 acres high end residential development known as Litchfield, in the suburb of Atlanta", Fred F. Filsoof announced. The company also acquired approximately 1400 acres of high elevation in the Western Carolina mountain lands in Cashier, Franklin and Maggie Valley, primarily for the development of second homes, resort and equestrian developments. "This large scale project is presently ongoing," Fred F.Filsoof included. The company has also acquired approximately 400 acres of water front partially developed properties in Beauford, NC. with completion plans in the future.

About Coordinated Properties
Coordinated Properties,Inc. is a full service real estate company based in Atlanta, GA. The company has grown outside of Altanta  and has multiple properties in Georgia, New York City, Biloxi,MS, and Stewart, FL. The company's office is located at 1100 Garmon Dr. NW Atlanta, GA 30327