Are you thinking about purchasing a home? Do you have any idea where to start or what to skip? Follow these helpful tips to help make the process easier!
Boost Your Credit Score:
A credit score matters, especially when trying to purchase a home. Keep up to date on all your bills and debt. The easiest way to boost your credit score is to pay your bills on time. Make a plan and stick to it! Always stay on top of your finances.
Research Loan Options:
Learning the real estate lingo can give you more confidence when talking to your Realtor or loan officer. If you need help finding the perfect loan officer for your situation, just ask your Realtor for recommendations! They are the experts, so you don't have to try to be. Your bank account relies on you to find the perfect loan.
Lose The Big Buys:
It's probably the worst idea possible to make big investments right before you want to buy a home. Changes like this in your finances can create huge swings in how much you will be approved for. The smartest move you can make is to lay off all major purchases during any home purchasing process.
Manage Multiple Credit Lines:
Lenders like to see you can manage multiple credit payments at once. This shows that you can handle the added payment. You know how to juggle multiple accounts already, adding another won't make a difference. This also can help to boost your credit score. But remember, don't make any major purchases on any of these accounts during your home purchasing process.
Save For a Down Payment:
The more you can put down on a home, the easier your life will be later. This is something to keep in mind months and even years before purchasing a home. It can be difficult to save large chunks of money. There are options for homebuyers who can't afford a down payment. Just ask your Realtor or loan officer for more information.
Follow The Credit Timeline:
Stop checking your credit score six months before purchasing a home. Have a score you feel confident with. Two months before the big purchase is when you stop using your credit cards for major purchases. (really all purchases if you have a debit account you can use instead) If you have any questions or concerns, don't stress! Just call your Realtor for all your real estate needs.
Boost Your Credit Score:
A credit score matters, especially when trying to purchase a home. Keep up to date on all your bills and debt. The easiest way to boost your credit score is to pay your bills on time. Make a plan and stick to it! Always stay on top of your finances.
Research Loan Options:
Learning the real estate lingo can give you more confidence when talking to your Realtor or loan officer. If you need help finding the perfect loan officer for your situation, just ask your Realtor for recommendations! They are the experts, so you don't have to try to be. Your bank account relies on you to find the perfect loan.
Lose The Big Buys:
It's probably the worst idea possible to make big investments right before you want to buy a home. Changes like this in your finances can create huge swings in how much you will be approved for. The smartest move you can make is to lay off all major purchases during any home purchasing process.
Manage Multiple Credit Lines:
Lenders like to see you can manage multiple credit payments at once. This shows that you can handle the added payment. You know how to juggle multiple accounts already, adding another won't make a difference. This also can help to boost your credit score. But remember, don't make any major purchases on any of these accounts during your home purchasing process.
Save For a Down Payment:
The more you can put down on a home, the easier your life will be later. This is something to keep in mind months and even years before purchasing a home. It can be difficult to save large chunks of money. There are options for homebuyers who can't afford a down payment. Just ask your Realtor or loan officer for more information.
Follow The Credit Timeline:
Stop checking your credit score six months before purchasing a home. Have a score you feel confident with. Two months before the big purchase is when you stop using your credit cards for major purchases. (really all purchases if you have a debit account you can use instead) If you have any questions or concerns, don't stress! Just call your Realtor for all your real estate needs.
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