Renters ! If you would like to buy a home in 2009, now is the time to start preparing for home ownership.
The most important thing is to sit down with a mortgage broker or loan officer and get your credit report and find out how much you can qualify for and how much you need to save. The rates may change next year and there may be different programs but this initial interview will help you .
Once you know your credit score, you can try to improve the score. They will guide you and tell you if you need to pay off some loans.
Do not get more credit cards even if you are tempted by store credit cards which offer 15% discount on first purchase.
Do not lease a car if you can manage with your car , if home ownership is more important than a new car.
Pay all your bills and rent on time. If you do not have credit try to establish some credit. The loan officer will guide you with it.
They will also tell you how much to save for down payment and closing costs.
Once you have done this you can sit down with a Real estate agent to have an idea of home prices. If you are looking in Philadelphia are I will be glad to help you. I am an Accredited Buyers Representative and hold ABR designation.
I can refer you to a Real estate agent anywhere in the country.
Gita Bantwal ReMax Centre Realtors 215-343-8200 x124 or 343-8206
When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.
Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com
She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email firstname.lastname@example.org
If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491
Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others in my post and comments is not to be construed to be legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.