Mortgage Tips

Planning to purchase a home within the next 3-6 months?

Here are some tips to help you prepare:

• If there was work needed to improve your credit or your credit score it is wise to obtain another 3 bureau credit report with credit scores at this time.
  
  
• Please, oh please don’t buy or lease a new vehicle! Know that every $300 of car payment is equal to $50,000 of home buying power.
  
  
• Get pre-qualified to buy a home with a mortgage professional. Realize that you can often be pre-qualified or even approved for more than you can afford. This is why it is so important that you have completed a budget. Find out now before it can hurt you.
  
  
• Keep saving money.
  
  
• Attend a first time homebuyers education class in person or on-line. These are incredibly valuable classes. Learn as much as you can about mortgages and home ownership. CLICK HERE to learn more.