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Buy a House and Keep the Homeownership Dream Alive

11/10/2020

Buy a house and keep the homeownership dream alive.

Buying and owning your own home is the American dream. It is no easy task, and there are moments on everyone’s journey when they feel like it’s impossible. However, there are plenty of resources available to help make your dream of becoming a homeowner a reality.

The first step you should take when you’re ready to consider buying a home is to check your credit score and/or start building your credit. Lenders want to see that you’ve been able to pay back borrowed money on time, and without missing payments or defaulting on the loan. If you have a poor credit score, you’ll need to spend the next several months, or even years in some cases, improving it by paying off any debt you currently have and making sure to make all payments on time in the future. This is a great time to find a mortgage loan officer that you trust. They will periodically check in on your progress and make any suggestions to further improve your credit score.

Another way to buy a house and keep your dream of homeownership alive is to start saving NOW, at whatever stage you’re at. Putting aside even a few dollars here and there will be a step toward that dream. When you’re ready to purchase your first home, you’ll need to make a down payment and you’ll be responsible for all the services and expenses required to finalize a mortgage at the time of closing. These typically cost between 2% to 5% of the total loan amount. So, get in the habit of putting some money aside from every paycheck to help fuel your dream of owning a home.

When the time comes for you to start looking at houses, you will contact your mortgage lender to get pre-approved for this amount. Remember to take into consideration your down payment and closing costs. This will make sure your real estate advisor only shows you homes that you can afford, to avoid the stress of trying to figure out how to make payments on a home you love but can’t afford.

In the end, remember not to get discouraged. Utilize your trusted loan officer and
real estate advisor to help you decide when you’re ready to buy a house and to help you stay within your desired price range. Your dream of home ownership is closer to coming true than you may think.

 

Why Do We Use Balloons When Holding an Open House?

6/20/2013
Why do we use balloons when holding an open house? Recently I had to ask myself... do I really need to attach balloons to my open house signs? When I held my first open house I had 12 balloons to attach to several signs. Two balloons flew away before I could even attach them to the sign. Trying not to be wasteful for my next open house I had a great idea. I blew up the balloons and tied a few to each of my signs before putting them into my car to drive to the house for the big event. Feeling confident, I headed to my destination. Upon exiting the car with my signs I quickly realized I had made a big mistake. The balloons were intertwined and couldn't be separated. If someone was videotaping me trying to separate the balloons it may have gone viral. For at least five minutes I tried unsuccessfully to untangle them.(It felt like 30 minutes!) Every time I got one untangled the wind blew, the signs fell over, and I had to start over. Each time this happened I got a little more exasperated, too. In retrospect, it really was a funny site! Finally, I gave up, cut them from the signs and decided to reattach them, albeit with the balloons flying shorter than I had hoped. After all, this is what draws people to the open house right? Well... I think this Realtor is going to have to find something better than balloons to use in the future. 

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