Buyer-First Inning - Credit
Pitch 1 - Renting
Sometimes it’s better to rent before purchasing. These times include: when you are not sure about the area you want to call home or the job you just started, and the real estate market and current interest rates. Sometimes you may need time to save more for a down payment or repair a credit problem. The answer to home ownership is
"Yes, you can."
Pitch 2 - Debt Ratio
When it is time to think about a home, a car and some nice
electronics, always put the house first. Those debts
(unless you pay cash) may throw your ratios out of whack
and you may have to wait on the house. And if you are thinking about quitting or changing jobs, talk to your broker first.
Pitch 3 - Coupleship
Buying a house together…or buying a house separately.
Check out the qualifications for first time home buyers because your money may go further if one of you buys before you marry.
Marriage changes the rules and also the ownership of the house.
Consider carefully anytime you sign your name for a loan,
have a home put in your name( as with aging parents) and ask the important questions up front: How will this move affect your capabilities down the road...and ask more than one person.