There are many great Jonesboro area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation
so you know what buyers will pay for your home in today's market. You
may also call me at 870-847-7653 for a FREE home buying or selling
consultation to answer any of your real estate questions.
Banks are going to look at your debt-to-income ratio to determine whether you're a risk to lend to. For example, if you make $2000 a month and you're paying as much toward your bills, there's a pretty good chance you'll be unable to buy a home. You need to be saving a significant amount of your income in order to have a financial situation lenders can feel comfortable with.
If you have a credit card that is always maxed out, or near its limit, your credit score is going to take a hit. How you manage your credit cards says a lot about your ability to manage your money. If you have a $5000 limit, you should try to keep the amount you owe around $1000 or less - this will look a lot better to a lender
Lastly, having no credit history is almost as bad as having bad credit. We've ran into issues during the buying process before because an interested home buyer had no credit and couldn't secure a loan.
We can put you in touch with experts that will help you establish credit or improve your current score. If you have any questions about your eligibility to obtain a loan, don't hesitate to reach out to us. We'll put you in touch with the right people so you can get on the right track before purchasing your new home!
