Getting your financial house in order before applying for a mortgage includes a lot of things, from saving your down payment to pulling together your paystubs. But one thing that may not be so evident is the need to pay down credit card debit and avoid opening new lines of credit. That’s because too many open lines of credit and balances that are over 30% of your available credit limit can...
It’s one of the hard and fast rules of buying a new home: know how much you can afford and stick within your budget. Conventional wisdom says that looking at homes outside of your price range will only set you up for frustration because you’ll want what more house and more amenities than you can afford. For the most part, all that is true. But, there are certain situations in which you may...
Saying that the housing market is highly competitive is an understatement. Continued tight inventory means buyers can expect conditions to continue. But if you’re looking to make a move, whether first-time homebuyer or not, don’t let frustration rule the day. As with any challenge, being prepared is often the key to coming out on top. Someone is getting an offer accepted—it may as well be...
