Sunday, December 9, 2007

Home-Buying Step One: Talk to a Mortgage Lender

Once you’ve decided it’s time to become a homeowner, the first step is to take a look at your financial situation and ask yourself two questions:
(1) Is your job/career reasonably stable for the foreseeable future?
(2) Can you handle a commitment for making monthly payments long term? If you can answer yes to both questions, then it’s time to move on to the next step and talk to a mortgage lender.

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