Building Credit For Beginners

Meet with a Lender to Make a Plan

Meet with a Lender to Make a Plan We just bought a house! This was a long time coming. I am very excited to share a little about our journey of buying a house in a video series. These videos are geared towards first time home buyers but can be for anyone. I hope that my experience as a realtor and the tips I learned from going through the home buying process can encourage someone that thinks buying a home is too far off for them. First up, Meeting With a Lender. There is a lot of costs that go into buying a house, more than just the down payment. There are closing costs that can be around 3% of the purchase price! Not only do you have to save for closing costs in addition to a down payment but you also want money to furnish your home when you move in. Typically, refrigerators, washer and dryers are not included in the sale (although they can be negotiated) that is another expense if you aren’t planning for it. This might sound scary but you have to have all the information and an idea of all costs before you make a plan. Meeting with a lender should be for just that - Making a Plan! When Should You Meet with a Lender? Now. If you are thinking about buying a home in the next year or two and haven’t talked to anyone you need to call this week. I work with and recommend lenders with a teacher’s heart. Buying a house is very intimidating and meeting with lender that walks you through different loan options and different payment plans makes the process more approachable. Don’t have a lender? Reach out! I would love to introduce you to a lender. Josh

If you are anything like me credit cards and debt scare you. I bought my car, motorcycle, my wife’s engagement ring, well everything with cash. Cash is king right? No. Well, not in this situation. Despite, what I had believed to be, good spending habits I was at a disadvantage when shopping for home loans and even rentals with no credit history.I’ve had a sour outlook to credit cards and car loans because I have seen my peers and co-workers drown themselves in credit card debt and take a car loan on a 18% interest rate and justify it by saying “I have good credit” or “it’s building my credit”.This article helped change my perspective because it has some creative ways to build and maintain credit but also not every person that has a credit card is buried in debt like some of my past coworkers. Lenders want to see a history of responsible borrowing and a credit score/history is a way they check that.Check it out!- Joshhttps://www.nerdwallet.com/blog/finance/how-to-build-credit/

Building Credit For Beginners

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Meet with a Lender to Make a Plan

Building Credit For Beginners

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