3 NEW YEAR’S RESOLUTIONS FOR BUYERS 2017

New Year’s Resolution: Buy a Home

  1. I will automate my down payment savings –  set aside a small amount of your payment each month into a separate savings account “house fund” automatically.  “Amassing enough for a down payment takes discipline and perseverance, but setting up automatic savings can make it easier”.
  2. I will clean up my credit –  Mortgage lenders want to see a buyer with a financially tight ship.  Pay your bills on time, pay off  your credit card.  Make timely payments on car and college loans.  A man who made $250,000 a year was denied a mortgage because his credit card payments were always late.
  3. I will budget wisely –  Structure your budget so you will be able to save more for your down payment and pay down any debts.  Factor in additional expenses such as new furniture and appliances.

Source:  realtor.com

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