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What are you scared of?

Are you scared to buy a house? 
Here’s some of the things that scare buyers and suggestions on how to overcome the fears
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Do I have enough money to buy a home?   
  • Pre-qualified:    The  first step to finding out how much home you can afford is to get pre-qualified for a mortgage.   A good mortgage professional can tell you fairly quickly about how much of a mortgage you are qualified for.  (See related article:  Pre-qual or Pre-approval.)
  • Take a look at your finances:    Make sure you have enough for the downpayment and that you also have enough to pay closing costs, which include such things as title insurance and transfer fees.    The National Association of Realtors (NAR) reports that closing costs average between 2 and 7 percent of the home price.
  • Extra Funds:  You’ll also need to have money left over as a cushion after you buy a House.     What if unexpected repairs happen?   Be sure that you have enough money leftover to keep your life running smoothly.
  • Will I have buyer’s remorse?

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    Buying a Home in Colorado Springs, manage your most valuable asset! Part V

    anza_goodbar1.jpgColorado Springs Vintage Homes is happy to feature another great article

    on Managing Your Credit Score – Part V

    Anza Goodbar, President of Clearview Mortgage 

    For a free Buyers Guide, Email Kathy Torline at KTorline@msn.com

    Previous Posts by Anza:

    Your Credit and You!

    Let’s take a look at the final category that impacts your credit; the type of credit you use.

    Types of Credit Used:          

    While this area has a lesser impact on your credit score, it is still important.  The credit reporting formula is complex and takes many factors into consideration when calculating your score.  It looks at the types of credit you have, the number of accounts you have and the mix of accounts.

    There are two basic types of credit:

    • Revolving
    • Installment 

    Revolving credit is a credit card, a retail account Read the rest of this entry »

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