I'm wanting to buy after I graduate. I'll have $10,000 to put down, but my credit isn't that great and I'm trying to plan ahead. I can't seem to find any good resources online. Thanks!
2007-06-25 10:09:23 · 3 answers · asked by belle 5 in Business & Finance ➔ Other - Business & Finance
Here is a forum I just joined. It deals with credit. I have been reviewing the recommendations and find it to be very accurate. They have a ton of good articles to refer you to.
http://aaacreditguide.com/forums/
They especially focus on helping people repair their credit.
For the next 3-4 years focus on paying all your bills on time everytime. That is the most important thing you can do. Annually pull your credit report and make sure everything that is on there belongs.
If you can, you will want to save a few more dollars. $10K isn't much to put down on a house unless you are getting a house for less than $100K. The bigger the down the better off you will be.
Good luck
2007-06-25 10:22:37 · answer #1 · answered by halestrm 6 · 0⤊ 0⤋
credit, credit, credit. this is going to be the key. when buying a home, you need to show stability. make sure you watch your debt to income ratio. basically what that means is, before you apply for your home loan, make sure you didnt just purchase a new car or basically havnt ecountered any recent debts. try working on your credit, paying off any debt whether it is in good standings or not. also show stability in your job; have at least a two years history at the same employment. hope i helped
2007-06-25 17:23:44 · answer #2 · answered by ? 2 · 0⤊ 0⤋
1. Pull your credit report. You can get it from all three agencies at http://www.annualcreditreport.com
2. Verify all listed information. Chellenge anything that is incorrect.
3. Pay off any collection or deliquent accounts.
2007-06-25 17:19:02 · answer #3 · answered by davidmi711 7 · 0⤊ 0⤋