If you are looking to purchase your first home one of the first steps to take is to get pre-qualified for a loan. This will help you and your realtor learn how much home you can afford. It is a great idea to get pre-qualified before you even start looking for a home.
Here is a brief list of items helpful in the pre-qualification process:
* Have a steady employment history, at least two years with the same employer.
* Consistent or increasing income over the past two years.
* Your credit report should be in good standing with less than two thirty day late payments in the past two years.
* Any bankruptcy on record must be at least two years old with good credit for the two consecutive years.
* Any foreclosure must be at least three years old with good credit for the past three years.
Your mortgage lender will also look at your credit report, earnings, debts, and savings in order to see how much home you really can afford.
For more information and to search for your new home please visit:
www.jeffshomes.us
www.gahannaohiohomes.net
www.newalbanyohiohomes.com
www.westervilleohiohomes.net
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