“Hi Gary, thank you for your newsletter, I really learn a lot. Question: My wife and I are planning to buy a home in about 6 months. Is there anything we should be doing right now in anticipation?”
***ANSWER:
Very smart question. Heres what I recommend:
1. Check your FICO (credit) score now.
This will give you ample time to be sure your credit report is correct and to fix any errors. And if your score is correct, if needed you can get to work on improving it.
Suggestion: Call me @ (858)457-KENT and well put you in touch with our trusted lender to run your FICO and advise you.
2. Talk with a lender.
Again, planning ahead can pay off big for you. Perhaps you need to pay down your credit card balance, delay a major purchase (Humvee?), or start working on Uncle Bob for a loan. Also, a lender tells you what price range you qualify for (which could go down as rates go up). This will keep you from looking at champagne homes if you only qualify for a beer loan. And vice versa.
Suggestion: Call me @ (858)457-KENT and well put you in touch with our lender advise and qualify you, for free.
3. Get set up on “MarketWatch”.
Receive free daily or weekly emails informing you of every new listing in your preferred area and price range. Youll be able to keep track of what’s going on in the market and specifically in the areas you’re interested in.
Suggestion: Call me @ (858)457-KENT and well set you up for free.
4. (If applic) Find out your home’s value & what fix-ups to do.
If you need to sell a home in order to buy, you should get started now. Its especially helpful to have lots of lag time to get your home looking its best so you can get top dollar.
Suggestion: Call me @ (858)457-KENT and Ill be happy to give you an idea of your home value (possibly even over the phone) and profitable fix-up tips.
