Getting Real:  Financial Tips for First-time Home Buyers

Getting Real: Financial Tips for First-time Home Buyers

Finance
by Ina Fernandez [caption id="attachment_2574" align="aligncenter" width="226"] photo by Mark Moz[/caption]   Contrary to popular belief, millennials are gradually succumbing to the siren’s call of home ownership.  And why not? Mortgage rates are still at historic lows, home prices are inching up, and job growth is steady. Meanwhile, rents are rising. As my daughter put it, “I want something to show for all those checks I am writing.” If you have already made the decision to buy, congratulations! From a financial standpoint, first-time homebuyers have a few things to work on. Credit Score:  The better your credit score, the easier it is to get a mortgage at better rates. So get your finances in shape so your credit score is the best it can be. Pay your bills on time,…
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