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March 11, 2011

Helpful Tips to Homeownership – What to do before you start looking for a home?

abrahamwalker504 asked:


Abraham Walker (www.abrahamwalker.com) video blogs about steps you should take before you start looking for home with the help of Brandy Simpson(http The points Brandy touches on are: 1.Check your credit report with the 3 Credit Bureaus (Transunion, Equifax, and Experian) for any inaccurate information. You may be eligible for a free report every year from each bureau. 2.Don�t make any large purchases (cars, computers, furniture) with credit accounts. Every purchase you make using a credit card will increase you Debt to Income ratio and reduces the Loan amount you will be eligible for to purchase a house. 3.Try not to change jobs until after you purchase your home. Lenders like to see job stability. 4.Hold off on switching Bank accounts. Any sign of instability will cause the Lender to request more paperwork to get your loan closed. 5.Educate yourself about the Home Buying process and don�t be afraid to ask any questions. If you want to ask Abraham any questions please email them to abraham@abrahamwalker.com. Check out Abraham’s Real Estate Videos @ abrahamwalker.com Thanks for watching.

Jason

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