a) Contact credit agencies to correct errors.

b) Setup automatic bill payments to prevent late payments.

c) Payoff/pay-down credit cards (do-not close them).

d) Avoid buying any big-ticket items like TV's, appliances or cars.

2) Savings: Even if you think you'd like to shoot for 95%-100% financing, you will still need money in the bank for rainy days, and the bank will want to see this.

  a) Decide on a weekly savings and STICK TO IT!

  b) Sign up for your companies savings plan.

  c) Eat home more often /have coffee at home!  You can save $40-60 per month on Starbucks alone!

  d) By driving your car to death you can save up to $31,000 vs. buying new or leasing!

3) Get Pre-Approved by a reputable Mortgage professional.  The reason for the current crisis is that credit standards have been too loose and mortgage brokers just could not say "No".  Everyone seems to know someone in the mortgage business.  But what you really want is someone who will tell you honestly what you can expect so you don't get into trouble either in the middle of your escrow process or worse, down the road.  Also, find someone who is knowledgeable about the many government programs available to first time homebuyers.  Contact me for mortgage professional referrals.

4) Research neighborhoods in your price range by contacting a Buyers Coach and area specialist like myself.  You should expect NO FLUFF real estate advice and support, responsiveness, knowledge of the local marketplace, and a commitment to hard work and integrity.  By starting now, your Realtor can answer questions along the way, and will be able to periodically send you properties as you work toward your goals.  Then, when the right one becomes available you will be ready to jump!