Tips To Prepare For Homebuying

-Evaluate your credit. Visit www.annualcreditreport.com to obtain a free copy of your credit report.  Review the information for accuracy, dispute and/or pay off any delinquent balances.

-Establish a good payment history. Pay all credit cards, utilities and other debt on time.  Don't open too many accounts or allow too many inquiries into your credit.

-Be realistic. Know how much you can afford.  Your debt- utilities, insurance, credit cards, car payment and personal loans, should not be more than about 25% of your gross income.

-Select the right mortgage. Take your time to learn the market and follow interest rates.  Is a fixed rate better for you or an adjustable rate?  Your payment plan must be comfortable for you.

http://www.callcarpenter.com/nmayberry