4 Tips for College Park Orlando Home Buyer Budgeting

By
Real Estate Agent with Homevest Realty SL3085025

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If you are currently renting and are planning on buying a College Park Orlando Fl home it could take up to four years to prepare yourself. If you want to own a home, it must be a priority to save and live within your budget.

College Park Orlando Home for Sale | Mike Shulman | Orlando Fl Listing Agent


Here are four tips for renters who are planning to buy a home in College Park Orlando Fl:

  • Build a good foundation of your credit. When applying for a home loan, a good credit rating is important. A low credit score can disqualify you for a home loan.

  • Save cash. Of course, you have to pay fees.

  • Reduce your debt. Increase your savings while decreasing your debt. The ratio of income to debt is an important element in the mortgage approval process. Ideally, your debt-to-income ratio should be less than 40%.

  • Educate yourself. Prepare as early as possible. Know the market and know the buying process. Know if you can qualify for a home loan and start fixing your credit rating. Visit open houses and look at the neighborhood. 

Understanding these things now will make it easier for you to prepare yourself.

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For a smooth, fun and easy home buying or selling experience – Call “THE BEST AGENT IN ORLANDO, FLORIDA” Mike Shulman, lead agent for the Orlando Home Team today at 407-758-9585. You can expect excellent service, unparalleled negotiation skills, and exceptional knowledge of the Orlando Real Estate Business from Mike Shulman.

Comments (1)

Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services
Hello Michael, informative post that discusses  4 Tips for College Park Orlando Home Buyer Budgeting. Hope to hear many more informative articles like this in the future. Keep it up!
Feb 27, 2014 09:08 AM