Monthly Archives: January 2009
Home Buying 101 - Home Buying Guide Step-By-Step for first time buyers. First time buyers have tons of questions, one can understand being nervous of investing life time saving in home. All right, you have got nice idea of buying a home for yourself or for your family. How did you reach to this decision. Are you planning for a family, are you going to invest in real-estate or you buying under pressure from your peers. Because all of them have bought homes and you get pissed when you are asked repeated question in potluck parties, “when are you going to buy home”. The reason can be many, it can be right time to settle, favorable real-estate market, cash available, saving tax on high income, family status or not much difference in renting and owning (Depending upon city to city).
Whatever be the reason the home buying for first time buyers is a huge decision and they are confused and are looking for guidance and detailed information. The complete information and step by step details help first time home buyers. The gained information will help first time home buyers to understand the home buying process.
Check Your Credit Score and Financial Situation
The first thing before you start home buying process is to check your credit score. Your credit score will be major factor in getting a loan for house. In order to apply for a credit for house loan, first check your credit history and credit score. As of now with new legislation passed each consumer is entitled to get one free credit report from each three major credit score companies (Transunion, Equifax, Experian).
Under the federal law guidelines, Continue reading →