First Time Home Buyers

October 2, 2010

What You Can Do to Improve Your Credit

Credit scores, along with your overall income and debt, are big factors in determining whether you’ll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following: 1. Check for and correct any errors in your credit report. Mistakes happen, and you could be paying […]

September 22, 2010

Factors That Decide Your Credit Score

When qualifying for a loan to purchase a new home your credit score is a key factor that lenders consider to determine the rate adn risk of your loan. Credit scores range between 200 and 800, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect your score: 1. Your payment […]

September 12, 2010

10 Ways to Prepare for Homeownership

Basic tips on getting ready to buy a new home in North County San Diego. 1. Decide what you can afford. Generally, you can afford a home equal in value to between two and three times your gross income. 2. Develop your home wish list. Then, prioritize the features on your list. 3. Select where […]