Found 1 blog entry tagged as first time buyers.

By Timmy Rail of Citybrook Corp.  NMLS•: 12812

Some important tips that first-time homebuyers should be aware of as this year's "Spring­ Buying Season" approaches:

  • Your credit profile is made up of 3 scores from the 3 main credit bureaus, Equifax, Experian and TransUnion; lenders will use your middle (average) credit score
  • A huge part of getting "pre-qualified" is to take an early look at your credit scores and credit profile, in-case there are errors or items on your report that you can "clean-up" before you find homes you like and want to put an offer on
  • Lenders generally take your "unreimbursed employee expenses," found on the "Schedule A" of your tax return (generally, page 3, line 21), off the top of your gross income (these may be…

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