Real Estate

While being a first time homebuyer can be a nerve racking event - home ownership is one of the most rewarding opportunities in life. For many reasons yes - but primarily - you are now building equity in yourself rather than paying for someone else's mortgage and giving them the equity/profit every month.Where do you start? 1.) Contact a local mortgage lender and get pre-approved. This will give you an...

Activities to Avoid when you are looking to purchase a new home 1.) Applying for New Credit - Once you have begun the preapproval process for a home mortgage - applying for new credit can temporarily lower your credit score and possibly affect your score to the point of not being able to qualify for what you previously did. 2.) Changing Jobs - Making an employment change during the mortgage lending process...