Budget Archives – Page 3 of 5

15 Mar 2019

Down Payment Money Saving Mistakes

Real EstateBudget, Down Payment, Real Estate

Are you saving up money for a down payment? Saving money to put down on a home is always a smart idea, but there are right ways and wrong ways to go about it. Understanding how to best save for a down payment will go a long way toward ensuring you're ready when you finally find the house of your dreams. Here are four down payment money saving mistakes to avoid. 1. Not Saving Enough It's very admirable to have a goal of saving exactly 20% for a down payment. However, this is a common mistake new home buyers make.…

8 Ways To Maintain A Great Credit Score

MortgageBudget, Credit Score, Mortgage

Having an excellent credit score is very useful. The following are some tips on how to maintain a superb credit score. Open Credit Accounts When You Do Not Need Them If you don't have any credit accounts, you will have a low score. The best time to open them is when you do not need them. Keep a small balance on them and pay it all off at the end of each month to avoid paying interest. Charge Up To Half The Credit Limit Then Pay It All Back Within A Few Months If you must use a credit line,…

5 Home-Buying Pitfalls To Avoid

Real EstateBudget, Pre-Approval, Real Estate

Buying your home can be nerve-racking, especially if it's the first time. The buying process is exciting and often complex. The chances of making a mistake are relatively high. In today's real estate market where demand surpasses supply, you can't afford to make mistakes. And this is just the tip of the iceberg. If you are in the market to buy a house, here are five pitfalls avoid. Not Doing Your Homework Well Fortune favors the prepared in real estate. And preparedness begins with understanding your finances. A wise buyer examines assets, analyzes debts and gets finances pre-approved before jumping…