Here's How to Prepare If You Want to Buy a Home in This Competitive Market

"You're going to have to act quickly when you find a home when you want," Hale said.Look at your credit

By checking your credit score ahead of time, you'll know whether you'll need to make any changes to try toAlso, get a copy of your credit report to check for any errors or unpaid bills, which may also affect your credit score. Consumers can get their credit report up to once a week Consider using any year-end bonus money or cash gifts to pay it off. If you don't have debt, put that cash into savings to help with your down payment.Reach out to a lender as soon as possible, at least to ask questions and find out what they need from you in order to preapprove a mortgage, said Kevin Parker, vice president of field mortgage at Navy Federal Credit Union.

You can also get preapproved for a mortgage before you start house hunting, since you'll need it before you submit a contract for a house.Just because you are preapproved by a mortgage lender for a certain amount of money to spend, doesn't mean that is your budget.interest ratesThe National Association of Realtors is predicting rates will reach 3.7% at the end of the year, still low by historical standards.

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Freelancers Continue To Run Risk Of Being Out Of Sync With Labor MarketI am a crisis management/communication expert, consultant, and author of the award-winning Crisis Ahead: 101 Ways to Prepare For And Bounce Back From Disasters, Scandals, And Other Emergencies (Nicholas Brealey). Crisis Ahead was rated one of best new crisis management books to read in 2020 and 2021— and one of the best crisis management books of all time — by BookAuthority.org. My advice and observations are based on my extensive experience helping companies, organizations, and individuals prevent, manage, and recover from a variety of crisis situations. I'm the former CEO of two trade associations, a PR consultant to hundreds of clients, press secretary for Democratic and Republican members of Congress and political candidates and a consultant for Ogilvy Public Relations and other PR and advertising agencies.
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