Buy a House Fast

If you’re buying a house for the first time, it’s not uncommon to feel overwhelmed. The good news is that there are ways around it.

People tend to think that house-shopping is such a BIG DEAL. While it is significant, putting too much pressure on yourself is not beneficial for anyone.

It’s much better to sit back and relax!

There are some things that you need to consider before buying a house.

Consider these two simple questions before buying a house:

1. “Can I qualify for a loan?”

How solid is your credit score? Do you have a solid financial background and a good history with your credit expenses? If you feel confident about your credit score, wonderful! Move on to question two. If you feel iffy about your credit history, read these tips to help you build on your credit score.

2. “Can I comfortably handle this mortgage payment every month?”

Ask yourself “Can I afford this house?” Often people qualify for houses that are priced higher than their budget can cover. Sit down and crunch ALL the actual numbers. It’s important to consider how much you would pay per month and keep enough wiggle room so that you are not making commitments that leave you on a shoe-string budget for other expenses.

If you still feel undecided about buying a house, we at Express Realty Services can help you. With an in-house lender in place, we can walk you through the pre-approval process at no extra charge. We sell more than 30 homes a month, catering to a wide range of budgets. We’re sure we can find a home that’s just perfect for you.

Pick up the phone and call us at 1-888-306-9450 or visit our website.

This is the second post in a two blog series. To find more tips, visit: Part 1

If your credit score needs a boost, follow these tips to get back on track:

• Have you established a joint account?

You can improve your own credit score when you open a joint account with someone with a good score already. This practice tends to bump your score up as well. Who can help? Find out whether your parents, spouse, or other family members have good credit scores and ask whether any of them is willing to open a joint account as a favor.

If you find someone willing to help boost your credit score with a joint account, you are liable for your expenses! Going forward, slacking on payments can reduce your own score and theirs too. A joint account gives both parties equal responsibility so keep up your end of the bargain and ensure they do too.

• Can a secured credit card help?

Yes! Secured credit cards can help you improve and build upon your credit history. If you are a member of a credit union, choose their secured credit card first. This is how it works. You deposit a certain amount with your lender and receive a credit limit roughly the same as your deposit.

While picking the card, make sure that your credit issuer is reliable. Other helpful tips include looking for one that reports to all three credit bureaus; that has a low or minimal annual fee; and that can possibly convert into an unsecured card after a year of regular payments.

• How Can Revolving Loans and Installment Loans Make Things Easier?

Credit cards are revolving loans. You pay a portion of the total sum borrowed over a period of time (plus interest). Using a credit card with self-discipline can help build your credit score. Always pay your bills on time; pay more than the minimum payment; avoid using more than 30 percent of your card’s credit limit.

Installment loans include those for cars or other personal purchases that are paid back in installments. When you pay off an installment loan, on time without missing a payment, you boost your credit score. You’ll see your credit score change after regular loan payment of six months or more.

• What Else Should You Know About Boosting Your Credit Score?

Watch your expenses closely if you are in the process of buying a new home. Just because you have been pre-approved for a home loan DOES NOT mean that you are off the hook! Avoid taking on a huge debt for a new car when the loan process towards your house is still under progress. If you’re in the process of investing in a property or home, take extreme caution in your expenses.

Think you’ve been there, done that? Feel ready to own a home now? Looking to get started? Express Realty Services can be at your assistance. With an in-house lender in place, we can help you go through the pre-approval process for no extra charge. Besides, we’ve sold more than 800 homes in the past 4 years, catering to a wide range of budgets. So we’re sure we can find one home that’s just right for you and your family.

Just pick up the phone and call us at 1-888-306-9450 or visit our website.

Share your ideas about building a good credit score by adding a comment and stay tuned for more blogs on this and other important topics.