5 Resolutions for first time Apartment buyers.

If you have planned to take your own home in the coming year then you must go through the following resolutions that will help you to get your dream home in easy and quick manner.

Improving your credit score

 As we all know the credit score plays an important role in the authorization of mortgage and the interest rates, you need to get your report ready from AnnualCreditReport.com, which is a free of cost service sanctioned by federal law. You need to go through each and every report properly and make certain that you have cleared all the previous debts. While you are going through all these things you need to avoid expensive things like electronics or any vehicles. Do not go for a new credit as it may have a temporary drop in your credit score. You need to maintain your credit score while you take your home.

Make savings

You will need to make the down payment of the amount that is approx 20 to 30 per cent in order to become certified for the best mortgage rates. As the year starts, try to cut down on the expenses that you can avoid. This will help you to make big savings. For instance if you cut down your cable bill by Rs.500 per month then your total savings for the year comes to Rs.6000/-.You need to keep in mind more you save, more will be better for you.

Find out the right agent

This is another important thing for you and though this is a time consuming process, you will get returns in the long run. You need to go to such an agent who can get you several latest testimonials from the satisfied clients he had. You also need to check whether the buyers’ clients are genuine or not.

Get the prior approval

 When you are going to apply for the mortgage, if you have an idea about what you can pay for, what you are capable of and which kind of loan you are looking for is going to help  a lot. At the beginning you need to do a study of the variation between conventional and unconventional loans and you can make use of a mortgage term comparison calculator so that you can get the exact needed cost.

Get your dream home

If you want to get the best dream home then you need to do a research as much as you can do the research in the earlier stage. You can do the research by location, by price,

or by any category that you want. You can see the homes online and you will find a huge variety of homes there. So when you actually want to take one, then you will have the idea about what kind of home you need and what type of home you will be able to pay for. So it’s time for you to get your dream home. Get the home, and see our dream coming true.

via:http://i1properties.com/blog/5-resolutions-first-time-apartment-buyers/