Thursday, August 9, 2007

Where to start?

So, you think you'd like to own a home someday? Where do you possibly start? Well, the first thing to do is to contact a lender, not just any lender off the internet, but a big, well-known, reputable one. The worst thing that can happen is that you're all packed and ready to move into your new home, only to find that your lender still doesn't have your loan ready and that they stopped returning your phone calls. Or worse, they went out of business!

The lender can tell you how the price tag on the house translates to monthly payments and how much they can lend you based on your income, assets, debts, and credit score.

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