Many people buying their first home have concerns about the mortgage not being approved. Without much of a credit history, it is understandable that you could face an unexpected denial for a mortgage after you find a home you like. However, there are ways that you can improve your odds of getting a mortgage approval. Try the following three methods to improve your approval odds. Eliminate Your Debt One factor that lenders consider is how much debt you currently owe to other lenders.
- House hunting is about more than a beautiful facade or a wonderful landscape. Even when looking at practical features, a decent distance from work or a good school district are just scratching the surface. If you're a tech enthusiast or working in a high-tech career where you can't get by with a detached, rural home, there are a few checklist items that many people forget about while excited for the more traditional house hunting deal-breakers.
- If you are ready to purchase your first home, one of your first steps will be finding a trustworthy real estate agent who can help you navigate your purchase. Obviously you will want a well-connected, experienced agent that knows your market. But what else should you look for in a real estate agent? Here are some traits first time home buyers should value in their agent. They Have Plenty of Time for You