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.

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Goran Brnjic, GRI
Dream Home Realty

Goran: 314-753-0030
Office: 314-352-0804
Fax: 314-352-6212
Email: gbrnjic@yahoo.com

Your largest investment for you and your family deserves the best. When you put us to work, you can count on honest business relationship, open lines of communication and a firm commitment to help you realize your dream to your satisfaction. With us at your side, you will get an exceptional service throughout the entire buying and selling process. Please feel free to call us for a complementary consultation. No obligation, off course. We look forward to further explain you how our services would be outmost beneficial in achieving your real estate goals.