Steps To Buying A House

I only have 3 credit cards I got when I was 18 and shopping as a young fashion model and now im 24 and want to buy a house and I do not know if my credit is good or bad and I dont know the steps of buying one. Help!

I suggest that your first step www.annualcreditreport.com. It's like freecreditreport.com except it's actually free. The Government required that the individual is allowed to see their credit report once a year from each credit bureau for free annualcreditreport.com was established by the credit bureaus to allow people to do. Make sure you manage your credit wisely by paying on time every month. Also, keep your debt to limit ratio low for a higher credit score - that is if you have $ 1K in credit card debt and your credit limit is $ 1K, then you have a very high ratio, if you have $ 1K debt, but $ 10 K limit your ratio is very low.

Once you've checked your credit, you can start looking at how much home you may be able to purchase online calculators like those found at bankrate.com and if you really start to take seriously You can go to a bank or mortgage broker to get pre-qualified or pre-approved (prior approval is better than pre-qualification in making an offer, but takes more steps and documentation).

Once you have your pre-qualification or pre-approval letter you can take it for a real estate agent to help you find a home and guide you through the purchase of a house. The biggest surprise to us when we bought our first house, is that when you bid you enter Earnest money goes towards your down payment, but it's money you can lose if you back out of the case against your contract and be sure to have cash available when you decide to make an offer. And always have a home inspection.

Start with a loan officer for a pre-qualification. They can tell you how your credit is, and what you can benefit from, loan amount and the sale price. Ask around friends and family of a loan officer reputable. Once you have a pre-authorization, signed by an underwriter, you can go shopping for what you describe. Prior approval signed my loan officer, his manager is not worth the paper it is written on.

response Heather hit the nail on the head. Two things I can say is

Play someone who says NO. And if they do, why and fix it so it becomes a "yes".

Be realistic - if you do not think you can make monthly payments (principal, interest, taxes, insurance), even if a loan officer tells you that you can - do not kid yourself into thinking you might be able take off. This is why the United States in the terrible mess they are predatory - it has nothing to do with Bush. Good Luck

Your first step may be to find a good loan officer and local. Tell a friend or family who live in your area and bought a house recently. Ask them who they used and how they liked their service. Be careful when you pick someone from an advertising or someone on the Internet. There are many scammers on the market.

Second step is to find a good realtor, then a good inspector, then a guy a good insurance. I find everything the same way, I find the loan officer.

I'll bet you enjoy the property!

A; qualify for a mortgage broker, but do not pay for any application
reports of charges or

b after qualified, finding a buyer agent and does not allow
agent to show you homes listed with their Agnecy! [Who
called dual agency and it still hurts buyers!]

c; back to me for more help