News Summary: Preparing finances to buy a home

Published on NewsOK Modified: February 27, 2013 at 4:59 pm •  Published: February 27, 2013
Advertisement
;

HOMEBUYING HURDLE: The U.S. housing market appears back on track, with home sales and prices rising, and mortgage rates still near historic lows. But qualifying for a home loan remains a hurdle for anyone without a solid personal balance sheet.

WHAT TO DO: A thorough financial evaluation is critical in assessing whether one can afford the added costs of homeownership and qualify for a mortgage.

MORE TIPS: Experts recommend buyers start saving money for a 20 percent down payment to get the lowest interest rate. Also take steps to boost your credit score well before applying for a loan.



Trending Now


AROUND THE WEB

  1. 1
    Welfare beneficiaries access cash benefits at Colorado weed retailers
  2. 2
    Family Asked To Leave Southwest Flight After Tweet
  3. 3
    The 'Seinfeld' Emoji Are Here, And They're Spectacular!
  4. 4
    KOTV: Man Captures Walmart Shoplifting Suspect On Video
  5. 5
    News 9: Neighbors In Choctaw On Alert After Eerie Late Night Knocks
+ show more