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Real Estate Tips
First Time Buyers >Credit Card Common Sense

If you are buying a home for the first time, you need to establish a reasonably good financial foundation before a lender will approve you for a mortgage loan. Lenders look for a good credit rating, sufficient funds to make the initial down payment and pay the closing costs, and a stable employment situation.

People who have just qualified for a mortgage loan are usually in better-than-average financial shape. If you have recently purchased a new house, don't be surprised if you receive numerous offers from retail stores and other credit card companies offering you pre-approved revolving credit.

Be careful about accepting these offers! New home owners often use most of their savings in the process of financing the transaction, and they need everything from linens to furniture to get settled in the home. With all of the immediate credit available, it may be very tempting to just say "charge it." If you're not careful, you could be "up to your ears" in debt very quickly. It takes discipline to reach the goal of home ownership--and it takes that same kind of discipline to maintain financial health after you leave the closing table.

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Real Estate Trivia
Q 
How did actress Jayne Mansfield decorate her Hollywood "Pink Palace" without buying any furniture?

A 
She wrote to furniture suppliers asking for free samples, telling them they could brag that their furniture was in her outrageous mansion. She received over $150,000 worth of free merchandise.
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The Worth Team, REALTOR®, real estate agents and broker for Fort Campbell KY, Clarksville and Montgomery County, Tennessee home listings, property and land for sale - NUMBER1EXPERT(tm)

The Worth Team - Bob Worth
Coldwell Banker Conroy, Marable, Holleman

2250-H Wilma Rudolph Blvd.
Clarksville, TN. 37040
Bob Direct: 931-920-6864
Bob's Cell: 931-320-0438
Office: 1-866-647-3600 ext 6864
Columbia Direct: 931-920-6878
Columbia's Cell: 931-302-7960
Email 1: BobWorth@TheWorthTeam.com
Email 2: ColumbiaDorminey@TheWorthTeam.com

Licensed real estate agent for Tennessee and Kentucky. As one of America's NUMBER1EXPERTS™ in the Clarksville/Fort Cambpell area, Bob is ready to serve in all your real estate needs. Please call or email him today!

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