You decided it was time to buy a house of your own! Ultimately, it is the most important component of the American Dream, but without a good, well-conceived, well-thought-out, objective, introspective, this imagination can be a potential nightmare! What are your reasons for buying a home and how can a particular home meet your current needs and predictable future expectations? Financially ready and ready? Many do not consider all of these considerations, including current, liquid assets (including those required by the lending institutions, in order to cover the down payment and the generally demanded reserves), and financial requirements. only monthly mortgage payments (including tax, principal, interest and escrow), etc. to have a home with. However, before proceeding, you must first think, identify and examine it. personal credit, etc. With this in mind, this article will attempt to briefly review, evaluate and discuss some of the relevant issues and needs.
one. Credit points: Take a copy of your credit report and review it, examine it yourself, or seek professional help, and so on. Are there any errors that affect your score negatively? Are there other aspects that require your attention to get a better score? Remember, your creditworthiness will be affected not only if you qualify for a mortgage, but also if you are going to get a loan on the most favorable terms. Ignore them, you will suffer financially!
2nd. Fix errors: If you see an error, contact the lender and the credit bureau. To achieve your goals, you can do it yourself or hire someone.
3. Review the report thoroughly: Careful review of the credit report will demonstrate both the strengths and weaknesses of your creditworthiness. Reduce balances in your debts and do it in a clever and organized way! Your report will show you how this score was developed and how it was weighed. In general, some of the points to consider are: payment history / timeliness; balances, in particular as a ratio / rate of credit limits (your credit will generally increase if you ensure that the balance in each account is less than half of the current credit); the total amount of credits available (not too much or too little); etc.
If you want to enjoy, the American Dream, wisely move well thought out. An ounce prevention / preparation makes your life much less stressful!