Goals are important. They are benchmarks for achievement and help push you to do more than you thought you could. Successful people set goals for themselves that are challenging, but possible. That’s how you improve. When it comes to buying a home, goals are important to implement. Here are 2 goals to help you buy a home in 2018.
Saving money is a no-brainer, right? You need to save money for your down payment and closing costs. You need to put money away to have a “war chest” to use after you buy the home, to make your payments and make purchases like new furniture or appliances. You have to save money to show the lender that you can, and that you have the financial wherewithal to purchase the home and make your monthly payments.
Saving money isn’t easy, though. With rent prices rising across the country, many people feel trapped in their current situations.
The best solution is to set aside a portion of your current paycheck, one that won’t cause you to miss payments or be late on them, and not to touch it. Let it sit in a savings account and grow every month. You’ll see it accumulate and become your down payment before your eyes. Just set a goal of what you can afford and make it happen.
Here’s the other goal for 2018. Fix your credit. If you have bad credit, you can’t buy a home at today’s low interest rates. However, credit is not some permanent thing. It’s not your grades from high school, where you can’t go back and change them. Fixing your credit takes hard work and diligence, but you can do it.
- Make payments on-time.
- Check for errors on your credit report.
- Reduce your debt-to-income ratio by paying off credit cards or other debt.
If you work on these, your credit score will improve. You will be able to buy a home. You can do it!
Call The Home Loan Expert Team in St. Louis at (314) 781-9700, Chicago at (773) 770-4727, Indianapolis at (317) 550-1515, Nashville at (615) 810-8555 or Birmingham, AL at (205)721-7656. You can always apply online at hero.loan for your VA Loan, and www.thehomeloanexpert.com for your other mortgage needs, and we’re also open on Saturdays and will come to you to help close your loan. We work hard to make it easy on you. Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?