More than seven million American homes are sold every year. If you want to become a homeowner, there are 10 tips you should know:
About You
1. Pay your bills on time. This makes you a lower credit risk and, therefore, a better candidate for a mortgage at the lowest possible rate. Paying your bills now can make it easier for you to get a mortgage later.
2. Check and update your credit report before starting to look for a home. Credit reports are used by lenders to determine whether you will qualify for the mortgage you seek and for the interest rate you pay, so make sure your report is accurate.
3. Determine what monthly mortgage payment you realistically can afford. Calculators to determine this can be found at The Home Loan Learning Center, which is part of the Mortgage Bankers Association’s web site.
4. Take time to learn important terms and understand their meaning. Become familiar with words used in the home-buying process.
About Your Loan
5. See your lender first. Find out what you can afford before you look at houses.
6. Shop around. Compare the different types of mortgages and the interest rates offered by...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
