Monthly Archives: July 2015

Now that you and your partner have decided to expand your family, you’ve started toying with the idea of buying a home. After all, a tiny apartment is no place for a growing family. However, before you can start packing, there’s one huge hurdle to overcome: home loan approval. Fortunately, by heeding the following advice, you can improve your chances of getting approved.

Purge Outstanding Debt

When applying for residential mortgages – or any other type of loan, for that matter – outstanding debt can act as a huge red flag to lenders. Since you’ve accumulated so much debt, why should a cautious take a chance on you? With this in mind, pay off as much of your outstanding debt as possible before applying for a home loan. This may delay your plans, but it will ultimately increase your chances of loan approval.

Correct Errors in Your Credit Report

Since credit reports are among the first documents lenders examine, it pays to meticulously go over your FICO score and make note of any errors. Upon discovering errors or inconsistencies, contact the three major credit bureaus – TransUnion, Experian and Equifax – to have them sorted out.

Making the jump from renter to homeowner is an immensely satisfying experience. To increase your chances of being approved for a home loan, pay off any outstanding debt and go over your credit report with a fine-toothed comb before submitting any applications.


After years of scrimping and saving, the time has finally come to bid adieu to your cramped apartment and invest in a spacious family home. With its favorable weather conditions and transformative mood, summer is the perfect time to make a big move. However, since you’re relatively new to house hunting, you’re somewhat unclear on how the process works. The following tips will effectively take the hassle out of home-buying and help your family find a house they’re happy with.

Hire a Real Estate Agent

A seasoned real estate agent can prove invaluable in helping your family find a home. Taking your desired price range, location and structure specifications into account, this person will be able to find a plethora of properties that pique your interest.

Attend Open Houses

Scheduling home tours can be very cumbersome. Fortunately, open houses enable prospective buyers to tour on-the-market homes without making appointments.

Don’t Be Afraid to Haggle

Since many sellers are readily willing to knock at least $5,000 to $10,000 off their asking prices, don’t be afraid to haggle. Your real estate agent will be the one doing the negotiating and relaying messages, so you won’t have to worry about becoming directly involved in this process.

The season of change, summer is a great time to pull off a long-awaited move. When shopping around for the right home, you can simplify the process by hiring a real estate agent, attending open houses and being willing to haggle.





plus gaming blog