Want a home? Check your credit first
When you plan to purchase a home for the long term, one of the first things you need to do is get your finances in order before you begin looking for a loan. This is especially important if your credit isn’t too good because then you’ll realize how difficult it is to get a decent loan to buy a home. Blackenterprise.com reports:
William C. Johnson Jr., a Washington, D.C., attorney specializing in consumer protection and civil rights, says that many times the allure of buying a home clouds the buyer’s judgment. "When someone wants a home, their wants may override their needs or what they can afford," he explains, adding that a prospective homebuyer must consider his or her debt-to-income ratio before buying.
Read more: Preparing To Buy A Home
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