Tips on how to prepare for a home loan?
May 6th, 2009 at 03:31am Under Renting & Real Estate
Sue S asked:
I would like to purchase my first home within the next 4 years. I would like to know what sort of things I need to be aware of now, in order to buy a home and secure a loan with little stress. I just graduated from college and am looking for employment (right now I serve in a restaurant while I search for the right job). I have started saving and I also started an IRA. My credit is ok, had some problems about 8 years ago but none now. What are my best options for saving during this period, savings account, CD’s, bonds, market, etc?????? Is there anything else I should be doing as far as credit? I have 2 cards with very low limits (both under $500) that I pay off every month.
I would like to purchase my first home within the next 4 years. I would like to know what sort of things I need to be aware of now, in order to buy a home and secure a loan with little stress. I just graduated from college and am looking for employment (right now I serve in a restaurant while I search for the right job). I have started saving and I also started an IRA. My credit is ok, had some problems about 8 years ago but none now. What are my best options for saving during this period, savings account, CD’s, bonds, market, etc?????? Is there anything else I should be doing as far as credit? I have 2 cards with very low limits (both under $500) that I pay off every month.
Any suggestions would help.
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