The 5 Biggest Credit Myths

The 5 Biggest Credit Myths

-Paying bills on time will improve my credit score – While it is definitely a good start, it is not the only thing that needs to be done. Since 35% of your score is based on your payments being on time, it is essential but it will only continue to raise your credit score slowly over time. Remember that if payment history only accounts for 35%, there is still 65% of your score that has nothing to do with missing payments.

-Cancelling credit cards that you haven’t used in a while will increase your credit score – Cancelling unused credit cards can actually hurt your credit score. Since 10% of your score is based on the length of your credit history, it is a good idea to keep the oldest credit card open.

-When you get a divorce, your accounts automatically divorce with you – This couldn’t be further from the truth. If you have a joint account and one of the parties on the account is late, you are both late. With some types of loans, such as a mortgage or a car loan, the lender may not accept a letter asking you to be removed from the account after a divorce even if that property is going to your ex-spouse. They will need to qualify for the loan on their own before you will be removed from the account. Take this into consideration because if they don’t refinance, and then have late payments, you may find yourself with some credit issues. When possible, close all joint accounts and refinance any debt separately. If it is not possible, maintain some type of control, whether it is an escrow account or at least access to information to make sure the accounts are paid on time. Don’t assume.

-You have to make a huge financial mistake for your credit score to be negatively affected – You don’t have to be fielding collection calls at all hours for your score to suffer. In fact, one late payment can be detrimental, sometimes upwards of 110 points off your credit score. For one late payment!! Also, something as simple as opening up a few store credit cards for the promotional discount can make you look like a credit risk.

-Short sales are better than foreclosures – the assumption is that a short sale is actually better for your credit score than a foreclosure. But in reality, they have the same effect. It is certainly better for the neighborhood housing prices than foreclosure, but from a credit score perspective, there is no difference.

INFORMATION PROVIDED BY:

Christian G Babcock

Senior Loan Officer

Mortgage Master Inc. l 520 White Plains Road l Tarrytown, NY 10591

[c] 914.447.9691 l [f] 914.206.9641 I NMLS ID: 181227

www.christianbabcock.com

Recognized as Top 1% of Loan Officers in America by Mortgage Executive Magazine

Mortgage Master All Pro Team

State-of-art autism center opens in upstate NY

State-of-art autism center opens in upstate NYGAN AUTISM CENTER 061213
The Center for Autism and the Developing Brain is now seeing patients and families on the campus of New York-Presbyterian Hospital’s Westchester Division.

WHITE PLAINS, N.Y. — Even before parents recover from the shock of an autism diagnosis, they often embark on what one advocate called "a game of hopscotch" that lasts years as they search for the best services for their child. A new center that opened in White Plains is hoping to change that approach by providing a one-stop experience for people with autism throughout their life.

The Center for Autism and the Developing Brain is now seeing patients and families on the campus of New York-Presbyterian Hospital’s Westchester Division. The new center is housed in a historic building on the grounds of the psychiatric facility that has been empty since it was used as a men’s gymnasium decades ago.

Much of the $11 million to build the center came from advocates like Ilene Lainer, a parent of a child with autism and executive director of New York Collaborates for Autism.

The New York group worked for years to form a partnership with an academic hospital to offer a variety of services for people of all ages with autism.

"We wanted to see one comprehensive place where all services are integrated," Lainer said in an interview at the White Plains center.

Other organizations, including Autism Speaks, have committed funds to support the center, which they consider a new model for delivering lifetime care.

"A center like this is a blessing for Westchester County," said Alison Singer of Scarsdale, founder of the Autism Science Foundation. "They will use an integrated approach so all the providers will know what the other providers are doing – that is a big step forward."

Once New York-Presbyterian agreed to house the center, advocates set out to attract the top staff members to run it.

Catherine Lord, a renowned autism researcher from Michigan, was recruited to lead the facility. She was a guest speaker in 2011 at Rockland’s annual Autism Symposium.

Jennifer Shick-Bahani of New City, who has an 11-year-old son with autism, recalls meeting her and signing her child up to take part in a study Lord was conducting. She looks forward to using the resources of the center to help her son.

"She (Lord) has a lot of interest in how autism develops as a child grows older," Shick-Bahani said. "I think that will help us teach kids more effectively."

Lord has been studying autism for decades and is following more than 200 people from infants to adults who have been diagnosed with the disorder.

Autism is a neurological disorder that affects a person’s ability to interact. The symptoms of the spectrum disorder differ widely. People with the severest forms seem to turn inside, unaware and unlinked to the world around them. Those with the relatively minor forms can function but seem blind to unspoken social cues.

No one knows what causes autism, which appears to be on the rise. Estimates about the prevalence of autism vary, but the Centers for Disease Control and Prevention says that as many as one in 88 children have a form of the disorder.

"There is no cure for autism," Lord said as she showed visitors around the new center. "But we can manage behaviors and improve the quality of life."

The center will offer a team of therapists and clinicians who can work together to diagnose and manage behaviors associated with autism as well as researchers who will study participants to try to find clues leading to new treatments.

Read full article at USA Today

E Patrice Hayes, Luxury Property Specialist

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing

Search homes at www.MultiStateRealEstateBroker.com
Search luxury homes at www.epatricehayes.com

Keller Williams Realty Group

Phone: 914.902.3220

Beware of Identity Thieves During the Upcoming Summer Travel Season

identity theft

Summer is almost upon us and families are already planning or preparing their summer vacation. But just like you, identity thieves are also looking forward to this busy travel period.

It’s no secret, that identity thieves are constantly planning new ways to steal your personal information. Consumers often let their guards down on vacation, putting them at greater risk of identity theft.

Equifax is a global leader in consumer and commercial information solutions and wants to help everybody from being the unfortunate victim of identify theft.

Equifax would like to share the top 10 ways consumers can help protect themselves while traveling any time of the year:

1. Don’t announce your travel plans on social media. This invites identity thieves to target your house while you’re away.
2. Place a hold on your mail. When criminals see an overflowing mailbox, they see an easy way to steal personal information.
3. Go through your wallet and leave at home your library card and other cards with your name on them. Carry only necessities in your wallet when traveling. Tourist areas are hotspots for pickpockets.
4. Set up a travel alert on your credit card accounts, and freeze your credit with the three credit bureaus.
5. Leave your laptop computer at home if you can. If you must travel with a laptop, update your anti-virus and anti-spyware programs. Do not access bank accounts from your laptop while in a hotel room or at a coffee shop or other public location.
6. While staying at a hotel, lock important documents such as your passport in a safe.
7. Use only ATMs located in banks.
8. Protect your smartphone. Create a password for access, and use an application with a GPS locator to find your phone if it is lost or stolen.
9. Don’t put your full name and address on luggage tags. Include just your last name and phone number.
10. Tear up and discard used boarding passes. Many travelers leave boarding passes behind in airplanes or hotels. They often contain full names and other personal information.

In an effort to curb the growing problem of identity theft, be alert at all times and try to stay one step ahead of the crooks.

Trey Loughran is the president of the Personal Solutions unit at Equifax and was quoted, “By developing good identity protection habits at home and on the road, you can reduce your risk of becoming a victim.”

Remember the wise saying …… an ounce of prevention is worth a pound of cure. So be prepared and start dreaming about and planning your special vacation getaway!

Read full article at The Life of Luxury

E Patrice Hayes

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing

Search homes at www.MultiStateRealEstateBroker.com
Search luxury homes at www.epatricehayes.com

Keller Williams Realty Group

Phone: 914.902.3220

Luxury Hotels Fit For ‘The World’s Most Expensive Trip’

Luxury Hotels Fit For ‘The World’s Most Expensive Trip’

Worlds Most Expensive Trip Hotels

It’s called the "world’s most expensive holiday" for a reason and now two unnamed travellers are about to embark on a two-year-long vacation around the world after purchasing the pricey package from Veryfirstto.com, a luxury product website.

Now, as wonderful as the trip may sound, this holiday comes with quite the cost — it is the world’s most expensive holiday after all — with a price tag of over $1.5 million. But at the very least, the soon-to-be globe-trotters will have the option of inviting a guest along for the ride.

There’s also no need for the travellers to feel guilty for enjoying a lavish lifestyle while flying across the world, because the package also includes a sizeable donation toUNESCO (United Nations Educational, Scientific and Cultural Organization) for near $8,000.

The itinerary’s nothing to scoff at either: travellers will embark on business or first-class flights to over 150 countries to visit the world’s 962 UNESCO world heritage sites, though the fine print states that they will only be travelling to sites that are deemed safe and accessible by business class travel. With that in mind, the packed itinerary involves visiting at least one site every day for two years, and will be coordinated by luxury travel company, Hurlingham Travel.

Though the travelling pair won’t be able to boast that they’ve visited every single UNESCO world heritage site, Hurlingham Travel has stated that they will do their best to accommodate the couple’s interests if they insist on travelling to the unsafe destinations.

The lengthy list of sites they can look forward to are the Taj Mahal in India, Vietnam’s Halong Bay, Petra in Jordan, China’s Forbidden City, and Cambodia’s ancient Angkor temples. Closer to home, you may even spot the pair as they travel through Canada’s 16 UNESCO sites, which includes the Canadian Rocky Mountain Parks, the Historic District of Old Quebec, and the Rideau Canal.

Though the itinerary sounds exhausting, this holiday also boasts a lavish and luxurious element. Along with the business class and first class flights, travellers will also stay in some of the world’s most luxurious (and expensive) hotels when they’re not checking out heritages sites.

Though this trip is one that most travelers will never embark on, that doesn’t mean those with tighter budgets can’t take a peek inside some of the hotels that the lucky globe-trotters may be enjoying, come next year when they depart on this adventure. To take a look at 15 of the most luxurious hotels in the world and each of their unique features, check out the gallery and full article at Huffington Post

E Patrice Hayes, Luxury Property Specialist

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing

Search luxury homes at www.epatricehayes.com

Keller Williams Realty Group

Phone: 914.902.3220

Luxury Vacation Idea – Maine Luxury Resort Lets Guests Catch Their Own Lobsters

Maine Luxury Resort Lets Guests Catch Their Own Lobsters

InnBySea.jpg

Inn By The Sea is a boutique luxury resort in Cape Elizabeth, Maine.

Inn By The Sea is easily the nicest resort in the Portland, Maine region. It has a great oceanfront location, a wonderful mile-long beach, deluxe rooms, suites and cottages, a full-service spa, first rate service, and one of the best fine dining restaurants in the state, the seafood centric Sea Glass.

Now Inn By The Sea is offering something few, if any other hotels do – a day outing on an honest to goodness Maine lobster boat.

In the interest of full disclosure, I should say that one of the reasons I love Inn By The Sea so much is because it is one of the most dog friendly hotels in the country. I got to stay there in the summer when my golden retriever did a photo shoot on dog friendly New England luxury resorts for a regional travel magazine. He ended up as the cover model, and as part of his posse, I got to hang out at Inn By The Sea and enjoy its wonderful food and service, gratis.

If you have a dog, put it on your list: many guests bring canine companions, there’s a lot of meeting, sniffing and playing, plenty of places to walk, and a nature preserve just across the street where you can go off leash. The resort is exceedingly dog friendly, down to doggie spa treatments and a fancy treat menu at the lobby bar and outdoor deck, where your dog can hang out and drink with you. Inn By The Sea has long been tops for dog lovers – now it’s going after lobster lovers.

The Inn just created the “Twin Lobster Package,” which includes a hands-on experience in a lobster boat, followed by an epic lobster tasting dinner. Donning lobsterman’s overalls, guests set sail on the 37-foot Lucky Catchlobster boat in the calm waters of Casco Bay. While moving among islands and the colonies of harbor seals, they will help haul up lobster traps while learning about lobster habits, conservation efforts and the difference between hardshells, shedders, shorts, culls and keepers. After returning to the Inn, acclaimed Chef Mitchell Kaldrovich of Sea Glass, a wizard with local seafood, will craft a five-course lobster tasting menu for two, including his signature mini lobster roll, poached lobster gnocchi, grilled lobster risotto and more. Sea Glass has long had a focus on local suppliers and sustainable ingredients, so the ultra-fresh, ultra-local lobster is paired with the finest summer vegetables and produce from nearby farms. The restaurant is a recipient of Wine Spectator’s Award of Excellence.

Inn By The Sea is a boutique luxury resort in Cape Elizabeth, Maine.

The package includes two nights lodging, a copy of the Dishing Up Maine cookbook featuring classic lobster recipes, gourmet breakfast for two daily, the Lucky Catch lobster cruise, and the 5-course Lobster Tasting menu for two in Sea Glass Restaurant. Rates start at $498 per night, with a two-night minimum, and the package is available 5/23/13-10/14/13

Inn By The Sea is a 61-room beachfront resort in Cape Elizabeth, Maine, just a few minutes outside of downtown Portland. It was named one of Travel + Leisure Magazine’s 2012 World’s Best 500 Hotels, and is the only Virtuosoproperty (a high-end association of luxury travel agents I have written about here before for Forbes.com) in Maine.

Read full article at Forbes

Search luxury homes at www.epatricehayes.com

E Patrice Hayes, Luxury Property Specialist

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing

Keller Williams Realty Group

Phone: 914.902.3220

Luxury Vacation Idea – Maine Luxury Resort Lets Guests Catch Their Own Lobsters

Maine Luxury Resort Lets Guests Catch Their Own Lobsters

InnBySea.jpg

Inn By The Sea is a boutique luxury resort in Cape Elizabeth, Maine.

Inn By The Sea is easily the nicest resort in the Portland, Maine region. It has a great oceanfront location, a wonderful mile-long beach, deluxe rooms, suites and cottages, a full-service spa, first rate service, and one of the best fine dining restaurants in the state, the seafood centric Sea Glass.

Now Inn By The Sea is offering something few, if any other hotels do – a day outing on an honest to goodness Maine lobster boat.

In the interest of full disclosure, I should say that one of the reasons I love Inn By The Sea so much is because it is one of the most dog friendly hotels in the country. I got to stay there in the summer when my golden retriever did a photo shoot on dog friendly New England luxury resorts for a regional travel magazine. He ended up as the cover model, and as part of his posse, I got to hang out at Inn By The Sea and enjoy its wonderful food and service, gratis.

If you have a dog, put it on your list: many guests bring canine companions, there’s a lot of meeting, sniffing and playing, plenty of places to walk, and a nature preserve just across the street where you can go off leash. The resort is exceedingly dog friendly, down to doggie spa treatments and a fancy treat menu at the lobby bar and outdoor deck, where your dog can hang out and drink with you. Inn By The Sea has long been tops for dog lovers – now it’s going after lobster lovers.

The Inn just created the “Twin Lobster Package,” which includes a hands-on experience in a lobster boat, followed by an epic lobster tasting dinner. Donning lobsterman’s overalls, guests set sail on the 37-foot Lucky Catchlobster boat in the calm waters of Casco Bay. While moving among islands and the colonies of harbor seals, they will help haul up lobster traps while learning about lobster habits, conservation efforts and the difference between hardshells, shedders, shorts, culls and keepers. After returning to the Inn, acclaimed Chef Mitchell Kaldrovich of Sea Glass, a wizard with local seafood, will craft a five-course lobster tasting menu for two, including his signature mini lobster roll, poached lobster gnocchi, grilled lobster risotto and more. Sea Glass has long had a focus on local suppliers and sustainable ingredients, so the ultra-fresh, ultra-local lobster is paired with the finest summer vegetables and produce from nearby farms. The restaurant is a recipient of Wine Spectator’s Award of Excellence.

Inn By The Sea is a boutique luxury resort in Cape Elizabeth, Maine.

The package includes two nights lodging, a copy of the Dishing Up Maine cookbook featuring classic lobster recipes, gourmet breakfast for two daily, the Lucky Catch lobster cruise, and the 5-course Lobster Tasting menu for two in Sea Glass Restaurant. Rates start at $498 per night, with a two-night minimum, and the package is available 5/23/13-10/14/13

Inn By The Sea is a 61-room beachfront resort in Cape Elizabeth, Maine, just a few minutes outside of downtown Portland. It was named one of Travel + Leisure Magazine’s 2012 World’s Best 500 Hotels, and is the only Virtuosoproperty (a high-end association of luxury travel agents I have written about here before for Forbes.com) in Maine.

Read full article at Forbes

Search luxury homes at www.epatricehayes.com

E Patrice Hayes, Luxury Property Specialist

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing

Keller Williams Realty Group

Phone: 914.902.3220

Merestone Terrace – Bronxville Luxury Townhouses

Merestone Terrace – Bronxville Luxury Townhouses

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Merestone Terrace is a small secluded Tudor style community off Pondfield Road in the desirable Historic Hilltop section of Lawrence Park in Bronxville Village in Westchester County, New York. The entire community is beautifully landscaped with English Gardens, covered by low association dues, which provide a picturesque view from the patios for each owner. Designed by Architect Penrose Stout in 1924, these eleven 3 level townhomes range from 1700-2600 sqft, with different floorplans offering 2 to 5 bedrooms and 2 to 3.5 baths. Select homes have granite counters, central air, fireplaces, several spacious closets (including cedar) , french doors to patios, basements and assigned parking.

Enjoy the tranquility and privacy of Merestone Terrace with the convenience of nearby shops, Bronxville School, Village tennis courts, upscale restaurants and the Bronxville Metro North station. Nothing like a peaceful stroll in this pedestrian friendly neighborhood great for relaxation.

Search Westchester, NY and Fairfield, CT luxury homes for sale at www.epatricehayes.com

E Patrice Hayes, Luxury Property Specialist

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing

Keller Williams Realty Group

Phone: 914.902.3220

Maldives resort offers world’s first luxury ‘underwater spa’

Maldives resort offers world’s first luxury ‘underwater spa’ World’s first underwater spa in Maldives
Huvafen Fushi, a luxury resort in the Maldives that claims to have the world’s first underwater spa, is offering an innovative new menu of wellness packages. The spa, named ‘Lime’, has added new treatments like Lose It, Tone It; Cellulite Therapy and Stress Buster, media reported.

The spa also has above-water treatment rooms for those who would rather be pampered above sea level. The underwater treatment rooms, which took 12 months to construct, are made of a solid-cast resin to create an underwater structure that could be set in the open ocean with minimal disturbance to the ecosystem of the Maldives.

According to the hotel the resin is five inches thick and it provides infinitely better clarity than the cheaper option of laminated glass. The island nation is also home to the world’s first underwater restaurant: Ithaa at the Conrad Maldives Rangali Island.

See more at: Post Jagran

Search luxury homes at www.epatricehayes.com

E Patrice Hayes, Luxury Property Specialist

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing

Keller Williams Realty Group

Phone: 914.902.3220

Current Home – New Home Accessories Store Opens In Scarsdale

Current Home – New Home Accessories Store Opens In Scarsdale

Current Home Show Room

SCARSDALE, N.Y. – Current Home, a modern and stylish tableware and home accessories boutique, recently opened in Scarsdale.

The store is owned by Alyson Lane, Karen Tolchin and Michele Brettschneider, whose said their goal is to provide discerning clientele with unique pieces in a broad price range that are both hip and timeless.

Current Home’s selection of home accessories and tableware, including, serving pieces, vases, candlesticks, serving trays and bar accessories make trendy hostess or housewarming gifts, and enhance home entertaining, the store’s owners say.

The new store carries a wide selection of fur throws, colorful pillows and accent furniture such as lighting, chairs, bar carts, hide rugs, mirrors, leather benches, fur poufs and original artwork.

Current Home is located at 8 Palmer Ave. in Scarsdale. Contact the store at 914-723-2462 or through its Current Home website.

Read full article at Scarsdale Daily Voice

Search Scarsdale luxury homes for sale at www.ScarsdaleLuxuryProperties.com

Search all Westchester luxury homes for sale at www.epatricehayes.com

E Patrice Hayes, Luxury Property Specialist

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing

Keller Williams Realty Group

Phone: 914.902.3220

Weekender: Meet Designer Vern Yip Saturday at Phipps Plaza

Weekender: Meet Designer Vern Yip Saturday at Phipps Plaza

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HGTV Home Pop-Up Showroom appearance by designer Vern Yip: Come meet Yip, known for his incredible interior designs during his time on Trading Spaces at the HGTV Home Pop-Up Showroom, which runs from now until June 4. Yip will only be there this Saturday.

When: Today, Saturday May 18, 2013 at 1-4 p.m.

Where: Phipps Plaza

Cost: Free

Read more at Buckhead Patch

E Patrice Hayes

Licensed Real Estate Associate Broker in NY, CT and GA

Member of The Institute For Luxury Home Marketing

Search homes at www.MultiStateRealEstateBroker.com
Search luxury homes at www.epatricehayes.com

Keller Williams Realty Group

Phone: 914.902.3220