Friday, May 11, 2007
Buying your first home in a year
Time frame
About 12 months out
Credit report and get the Credit score
About 6 months out
Searcn Mortgage product and understand Mortgage terminology.
Fixed rate, ARM and so on.
For instance, if you plan to live about five years, I would go to 5 year fixed product.
About 3 months out
Care about your FISCO score.
Pay off your credit card bill as much as you can.
It should be less than 10% of your total credit.
Do not forget to pay your monthly payments for any bill.
About 2 months out
Get pre approved loan
About 12 months out
Credit report and get the Credit score
About 6 months out
Searcn Mortgage product and understand Mortgage terminology.
Fixed rate, ARM and so on.
For instance, if you plan to live about five years, I would go to 5 year fixed product.
About 3 months out
Care about your FISCO score.
Pay off your credit card bill as much as you can.
It should be less than 10% of your total credit.
Do not forget to pay your monthly payments for any bill.
About 2 months out
Get pre approved loan
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