| We were all searching for that First Time Home Buyer | | | | payment available. This means, you need to know |
| Loan at one point in time, and if you are having just as | | | | your price range of the home you want to buy, and |
| much trouble as we did back then, I feel for you. | | | | have the maximum down payment available just in |
| However, all is not lost, and with these 2 simple tips, | | | | case. |
| you will walk out from your loan officer with loan in | | | | Sometimes just having this payment is fine, and you |
| hand. | | | | might not even be required to use it. The bank might |
| 1. Have your Credit Report Ready | | | | see that you planned ahead, and were prepared for it. |
| Before you step foot in the bank, you must have at | | | | However, you must realize if this down payment was |
| least your credit report, understand it, and know what | | | | from a loan of some sort, this would look bad for you. |
| is on it that they might see. You get a free report | | | | The down payment must not be a loan, as they see |
| every year from each Credit reporting agency, get it, it | | | | this as added debt. It must be savings, or a cash gift. |
| will be invaluable to you. Make sure your credit is | | | | Follow these 2 simple tips, and you will be able to get |
| decent, and there are no non-payments on there. | | | | your own First Time Home Buyer Loan without delay. |
| Non-payments usually mean automatic rejection, so | | | | Not being prepared for what is on your credit report is |
| please be careful. | | | | the worst thing you can do, and not having some form |
| 2. Have a 10% available down payment | | | | of down payment makes the bank look at you, and |
| There is nothing worse than having the right credit, and | | | | think you are not willing to put any risk into the deal. |
| being approved, as long as you have at least 10% | | | | You will soon be in your new home in no time. |