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Why You Need to Call a Lender BEFORE You're Ready to Buy!
Considering buying your first Indianapolis area home?  Then you may also be wondering how high your credit score needs to be or when you’ll be ready.  We recently received a similar question from a first time buyer:
"We are looking to buy a home here in a couple years and were wondering if you could give us a little bit of insight into the process. We are currently rebuilding our credit, and paying off debts. What sorts of things do mortgage companies look for when deciding whether or not to approve loan requests?"
 Our recommendation is to begin a conversation with a good lender right away.  You may think “shouldn’t I wait to talk to a lender until my credit and finances are in perfect order?”  No!  Loan officers consult with potential buyers every day – so don’t be embarrassed or overwhelmed if you’ve missed a few payments, have a bankruptcy in your past or some other event that may be causing your credit to be less than ideal!  They want to help you!
And it’s easy!  Information gained from a quick phone conversation will enable a good loan officer to provide specific advice about things you may need to do now to be ready to purchase a home ... more

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