If you are buying a home for the first time, you need to establish a reasonably good financial foundation before a lender will approve you for a mortgage loan. Lenders look for a good credit rating, sufficient funds to make the initial down payment and pay the closing costs, and a stable employment situation.
People who have just qualified for a mortgage loan are usually in better-than-average financial shape. If you have recently purchased a new house, don't be surprised if you receive numerous offers from retail stores and other credit card companies offering you pre-approved revolving credit.
Be careful about accepting these offers! New home owners often use most of their savings in the process of financing the transaction, and they need everything from linens to furniture to get settled in the home. With all of the immediate credit available, it may be very tempting to just say "charge it." If you're not careful, you could be "up to your ears" in debt very quickly. It takes discipline to reach the goal of home ownership--and it takes that same kind of discipline to maintain financial health after you leave the closing table.
Vickie Polston Keller Williams, River Cities Specialist 2440 Adobe Rd. Bullhead City, AZ 86442 Tel: 928-727-2501 Fax: 928-768-2516 Email: vickieandchuckpolston@NUMBER1EXPERT.com
As residents of Mohave County Arizona, Chuck and I have become familiar with land and homes of the Tri- State area. Our passion for the Colorado River and the community surrounding the area, golfing and gaming at the local casinos in Laughlin, Nevada has not only given us a look into the community's future home growth but allowed us to develop a reputation for marketing, follow-up skills and motivation.
As your local Arizona Realtors� in Mohave County, we will work harder and longer to find the right lots, property, home, or investments to meet the needs of our clients.
Throughout our years in the Mohave Valley area, we have developed a network of investors and contacts to better serve the needs of our clients. Whether you are buying, selling acreage, new or used homes, or investing with us as your Arizona Realtors�, "no phone call will go unanswered, and no appointment will be missed!"
The 2009 Economic Stimulus Package includes a tax credit up to $8,000 for
first-time home buyers and those who haven't owned a home in three years.
Now is a great time to make your dream of home ownership a reality. I can
help you take advantage of this unique opportunity.
www.VickiePolston.com
is brought to you by Vickie Polston, real estate for
Bullhead City, Mohave Valley and Fort Mohave, Arizona
