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7 Important Financing Tips for First Time Home Buyers

Purchasing your first home is an exciting – albeit anxiety ridden – experience. The most important thing you can do on your journey to becoming a first-time home owner is become well-informed about each step in the process, and reading this article is a great start. Today we discuss seven important financing tips you need to know.

1: Know Your Credit

Your credit score will be a crucial factor in determining whether you qualify for a mortgage. Check your credit score ahead of time and get a copy of your report. Scan for any errors. If your credit score is not up to par, consider taking half a year to give it a little boost prior to applying for a loan. You can obtain a secured credit card and make payments on any negative accounts. read more

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