A few things for home buyers to ponder ....

By
Real Estate Agent with 44Realty Corporation BRE#01016593/01048899

 

 

Before starting the house hunt, there are a few things buyers need to consider.

  • Credit score: Lenders are generally looking for buyers to have credit scores of at least 620 nowadays.  Although the Federal Housing Administration will extend loans to borrowers with credit scores as low as 580, most banks are imposing higher scores.
  • Reserves: Even when renting, financial advisers recommend saving four to five months’ worth of expenses in case of job loss or any other unforeseen event.  Homeowners should add an additional two months’ worth to their savings.
  • Settling down: Buyers should think about if they see themselves living in the same place for five to seven years.  Homeownership is not just a financial decision, it’s also a lifestyle choice.
Posted by

 Richard and Janine Kirchnavy, 44 Realty Corp, 909-945-3662

It would be our pleasure to assist you in your next real estate transaction!

 

Richard & Janine Kirchnavy

California Real Estate Brokers

CalBre # 01016593 / 01048899

 

(909) 945-3662 Direct Line

www.44Realty.com 

 

44Realty Logo, Richard Kirchnavy, Janine Kirchnavy

1425 W Foothill Blvd #237 Upland CA 91786

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Winston Heverly 11/10/2011 12:44 AM
Topic:
ActiveRain Community
Location:
California
Tags:
california real estate
home buyer
loan qualification
credit scores
reserves
atlas real estate
janine kirchnavy

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Rainer
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Scott Freedle
Metro Brokers Freedle and Associates - Centennial, CO

Nice tips to those buyers thinking of purchasing a home soon.

Nov 10, 2011 12:15 AM #1
Rainmaker
917,048
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

It is important to get the information before making a decision.  This should be helpful for buyers.

Nov 10, 2011 01:47 AM #2
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Rainmaker
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Richard and Janine Kirchnavy

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