Experts are predicting a strong year for the US Housing Market in 2017!
Check your Credit Score
Good Credit is what getting a mortgage will depend on. The higher the credit score, the better your mortgage rate will be. It is important to keep up on your payments and bills!
Keep a Steady Credit
Avoid opening any new Credit Cards, this will hurt your chances of getting a mortgage and Pre-Approval. The more you are borrowing, the more you are jeopardizing your potential. Home Buyers, it is important for you to maintain a good credit score as well in the long run!
If you are having difficulty allotting money to your savings account, automate transfers to take out however much from every pay. This is extremely helpful in committing to saving your money. This can help with your Down Payment by practicing a budget, or even with keeping up with current bills and loans.
If you take all the proper steps to having the paperwork ready to go, the more of a chance you will be considered when buying a home. Not only is this less pressure when you find something you like, but it is also giving you the upper hand as opposed to a competing buyer. Spring 2017 is presumed to be a busy one! Being prepared can also help come tax season, the less pressure on you, the better.
Borrow What You Can Afford to Re-pay
All too often people get in over their heads, whether they made a false-assumption, there was a setback, or they were convinced. Debt can influence your credit score and chances at getting a good mortgage greatly. It is very important to live within your means.
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