How To Prepare To Become A Homeowner in 2012
2012 is your year to own your very own home. To get in your dream home, you need to have a game plan. Jeremy Walsh Real Estate is here to help you take the first steps to get ready to become a happy homeowner.
The most important thing yo need to focus on to help you get the home of your dream is to have good credit. You can start checking the status of your credit by reviewing your credit report. Get free copies of your credit report from companies such as Equifax, Experian and TransUnion at AnnualCreditReport.com. Be sure to look at reports from all three because you may discover your credit report has errors and it will be up to you to remove this information. Errors on your credit report could affect the interest rate on your home and your ability to get a home loan.
Once you have your report, check your credit score. Your credit score will affect the rates and terms of your loan. Many mortgage lenders use FICO credit scores,so you should get yours from there.
You can improve your credit score by paying all your bills on time and paying down your credit cards. Remember once you buy your home, do not open and close new accounts, this will make you look financially unstable once you are a homeowner.
After you have your credit score, look for ways to reduce your debt. For starters, try to eliminate high balance credit cards, store charge cards, and payday loans. These kinds of debts make it hard to get a home loan. Keep your spending under control as much as possible.
Last but not least, start setting aside a savings and adjust your spending habits to reach your goal of becoming a home owner.
You need to be exclusively represented and have Jeremy Walsh (located in Baltimore, Maryland) on your side to handle all of the important details for you!
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