5 TIPS FOR BUYING A FORECLOSURE
05 August 10 05:54 PM | Roberta Kayne | 0 Comments   

By: G. M. Filisko

Get prequalified for a loan and set aside funds, and you'll be ready to purchase a foreclosed home.

When lenders take over a home through foreclosure, they want to sell it as quickly as possible. Since lenders aren't in the real estate business, they turn to real estate brokers for help marketing their properties. Buying a foreclosed home through the multiple listing service can be a bargain, but it can also be a problem-filled process. Here are five tips to help you buy smart.




1. Choose a foreclosure sale expert. Lenders rarely sell their own foreclosures directly to consumers. They list them with real estate brokers. You can work with a real estate agent who sells foreclosed homes for lenders, or have a buyer's agent find foreclosure properties for you. To locate a foreclosure sales specialist, call local brokers and ask if they are the listing agent for any banks.

Either way, ask the real estate professional which lenders' homes they've sold, how many buyers they've represented in a foreclosed property purchase, how many of those sales they closed last year, and who they legally represent.

If the agent represents the lender, don't reveal anything to her that you don't want the lender to know, like whether you're willing to spend more than you offer for a house.

2. Be ready for complications. In some states, the former owner of a foreclosed home can challenge the foreclosure in court, even after you've closed the sale. Ask your agent to recommend a real estate attorney who has negotiated with lenders selling foreclosed homes and has defended legal challenges to foreclosures.

Have your attorney explain your state's foreclosure process and your risks in purchasing a foreclosed home. Set aside as much as $5,000 to cover potential legal fees.

3. Work with your agent to set a price. Ask your real estate agent to show you closed sales of comparable homes, which you can use to set your price. Start with an amount well under market value because the lender may be in a hurry to get rid of the home.

4. Get your financing in order. Many mortgage market players, such as Fannie Mae, require buyers to submit financing preapproval letters with a purchase offer. They'll also reject all contingencies. Since most foreclosed homes are vacant, closings can be quick. Make sure you have the cash you'll need to close your purchase.

5. Expect an as-is sale. Most homeowners stopped maintaining their home long before they could no longer make mortgage payments. Be sure to have enough money left after the sale to make at least minor, and sometimes substantive, repairs.

Although lenders may do minor cosmetic repairs to make foreclosed homes more marketable, they won't give you credits for repair costs (or make additional repairs) because they've already factored the property's condition into their asking price.

Lenders will also require that you purchase the home "as is," which means in its current condition. Protect yourself by ordering a home inspection to uncover the true condition of the property, getting a pest inspection, and purchasing a home warranty.

Be sure you also do all the environmental testing that's common to your region to find hazards such as radon, mold, lead-based paint, or underground storage tanks.

Other web resources

How to buy a foreclosure from Fannie Mae (http://www.fanniemae.com/homepath/homebuyers/buying_fanniemaeowned.jhtml)

What to consider when buying a foreclosure as your first home (http://www.nolo.com/legal-encyclopedia/article-29589.html)

5 Great Tips for Sellers to Close the Deal
23 July 10 09:16 AM | Roberta Kayne | 0 Comments   
 5 Great Tips to Close the DealBy Paige Tepping

RISMEDIA, July 23, 2010--In a tough real estate market where competition for buyers is high, sometimes the seller has to ‘sweeten the pot’ to get the deal done. Here are five creative ideas to help close the deal.

1. Offer a Decorating Allowance
There may be a buyer that likes your home but just has different decorating tastes. To seal the deal, offer a decorating allowance (for painting, new carpets or wallpaper). You can offer cash at closing, or put money in escrow to reimburse decorating and remodeling expenses made within 90 days of closing, up to a maximum amount.

2. Do a Pre-Sale Inspection

This actually works for both the seller and the buyer. By having a whole house inspection done before listing the house, you get a chance to address any issues before prospects see the home. That means you increase the homes saleability. Display the report during open houses and highlight the repairs that have already been addressed. It's like seeing the repair history when you buy a used car; it makes you feel better about making an offer because you know the car is in good shape and exactly what has been repaired in the past. By having the home inspected before listing it, people don't have to guess what kind of condition it is in, they can see it in writing.

3. Offer a Home Warranty

A home warranty reassures the buyer that the property is in top condition and gives them comfort knowing that certain future repairs will be covered by insurance. Buyers fear that as soon as they buy the house the dishwasher, dryer, or stove will go on the fritz. A home warranty is an inexpensive way to offer peace of mind to the buyer.

4. Cover Closing Costs
Sometimes it takes a little nudge to close the deal. You can offer to pay the buyers half of title and escrow fees, or pre-paid interest charges. Paying the points on the loan may also be a tax deduction for you. Many lenders may limit how much of the closing costs you can pay, but if the buyer is short of cash, offering to pay some closing costs can make a difference.

5. Offer Seller Financing
There are many ways to offer seller financing. Options include putting funds in escrow to cover several months of mortgage payments, buying down the mortgage rate, or carrying a second mortgage to cover the down payment. It is wise not to offer seller financing unless you have consulted a real estate attorney and your real estate agent. Make sure that the buyer has good credit. Although this is the least attractive option to the seller to get a deal closed, sometimes it takes creativity and going the extra mile to get your home sold.


MAKING YOUR HOME ECO-FRIENDLY
20 July 10 10:14 AM | Roberta Kayne | 0 Comments   
Homeowners across the country are continually striving toward a more eco-friendly lifestyle. While homeowners may not know where to start, there are small steps that can be taken that can add up to make a big difference.

The experts at OurGreenerLife.com offer the following tips to help you lessen your eco footprint.

1. Use less water
Saving water is all about small steps. Here are a few simple ways that will help you conserve water while saving money:
*Shut off the water while you brush your teeth
*Take showers that are a minute or two shorter
*Only run full loads of laundry and dishes
*Buy from sustainable producers. These are farmers, ranchers and other producers that use techniques that pollute less and use less water. You can do some research online or ask at your local organic market to find these products.

2. Use less energy
If you don’t have the money to buy a hybrid car or convert your house to solar power, you can make a big difference with the following small changes.
*Buy energy efficient appliances. They may be more expensive, but make up for the increased cost in lower energy bills.
*Unplug chargers when you’re not using them. Cell phone and other chargers use up power even if there’s nothing attached to them.
*Put devices with remotes, like TVs, VCRs and stereos on a power strip and turn the power strip off when you’re not using the devices. These gadgets use a lot of power to run the remote receiver even when the device is off.
*Walk or ride your bicycle for short trips.
*Buy local products. It takes energy to transport food and other products across the country. Buying local not only supports your local economy, it helps them use less energy.
*When it comes to saving energy and water, it’s a great idea to get the kids involved—you can even make it a game. Have them track how much water and electricity everyone is using and compete to see who uses the least.

3. Reuse
Most of us know the three R’s: reduce, reuse, recycle, but when we work on conserving, we often leave reuse out of the picture. While you can often find tips on how to reuse common products from other people, what you need most is creativity. With a little thought, there are many items around your home that can be reused—toilet paper holders can be used to sow seeds for the vegetable patch, old yogurt containers can be cut into strips to make plant labels and old food jars can be refilled with homemade foods or can make great impromptu vases.

4. Use environmentally friendly products
When you go to the grocery store, you probably see more and more ‘natural’ or ‘eco friendly’ products every time. There are generally two big problems with these products: Just because they’re more natural than regular products, doesn’t mean they’re entirely natural and they’re often expensive.

If you want inexpensive, natural, safe products, why not just make them yourself? Vinegar is a great way to clean and disinfect glass and other surfaces. Need to remove stubborn stains? Just add some baking soda to your vinegar cleaner. Some quick searching online will lead you to hundreds of other natural safe home-made cleaning products. 
Conserving Electricity
12 July 10 09:37 AM | Roberta Kayne | 0 Comments   

Small habits can add up to big savings when it comes to electricity.

As the summer heat soars, so do many homeowners’ electric bills. Here are some savvy tips on how you can start saving both your cash and the environment.

1. Get Unplugged. You may think that simply turning a device or appliance off is enough to stop the flow of electricity, and the subsequent flow of money out of your bank account, but any item plugged in to an electrical outlet is drawing a small amount of electricity. So, unplug all of your items.

2. Swap it Out. Replace conventional incandescent light bulbs with Compact Fluorescent Light Bulbs (CFL) and save yourself in the long run. Energy Star reports that a CFL will save “about $30 over its lifetime and pay for itself in about 6 months. It uses 75 percent less energy and lasts about 10 times longer than an incandescent bulb.”

3. Energy Star Appliances. They are a more pricey change, but the long term savings can be well worth the upfront cost. These appliances are certified to use 10 to 50 percent less energy than your standard appliances. They also help reduce emissions and air pollutants.

4. Daytime Low. Most U.S. Households use some form of air conditioning during the summer months. If you have an empty house during the day, consider setting your thermostat to a higher temperature during the day, and then turning it cooler when you get home. If you have a more advanced system, consider setting a timer to kick on the cool 30 minutes before you return home.

5. Lights Out. This may intuitive, but turn off the lights in rooms you are not using. The same goes for televisions and computers.

Use these simple tips to reduce the cost of running your home this summer, and put that extra cash away into savings!

Published: July 12, 2010

HOMEBUYER SEMINAR MONDAY - JUNE 28 -6:30 PM
25 June 10 11:24 AM | Roberta Kayne | 0 Comments   

A Home Buyer Seminar will be presented on June 28th from 6:30 to 8:30 pm at the Westerville Recreation Center, 350 N. Cleveland Avenue.  The seminar is free and is sponsored as a community service by Wells Fargo Home Mortgage, Dominion Homes, Re/Max Affiliates as well as an insurance and inspection company and is being held to educate anyone interested in buying a home.   

Call 1-800-282-9871 ext. 3008 for more information and to reserve a place at the seminar

***24-HOUR RECORDED INFORMATION***

 CALL TO RESERVE YOUR SPOT 1-800-282-9871 Ext. 3008

www.HomeBuyerSeminarsColumbus.com

What Do I Need to Get a Loan?
24 June 10 10:51 AM | Roberta Kayne | 0 Comments   

Lending standards remain tight, and lenders have been picky even with the best-qualified borrowers. If you're buying or refinancing the mortgage on your primary home, you'll need a minimum down payment of 5% to 10% for a conforming loan or 10% to 15% for a conforming jumbo loan. With 20% or more down, you avoid private mortgage insurance, which typically costs 0.5% to 1.5% of your loan amount per year. Fannie Mae and Freddie Mac, which set the standards for mortgages they buy from lenders, require a minimum credit score of 620; you'll get the best rate if your score exceeds 720. The Federal Housing Administration (FHA) requires a minimum credit score of 580 to qualify with a down payment of 3.5%, but FHA lenders often impose a higher minimum score of 670. (If you apply with a spouse, lenders will probably base your rate on the lower of your scores.)

Lenders will also scrutinize your ratio of debt to income. Monthly housing expenses (principal, interest, taxes, hazard insurance, private mortgage insurance and association fees) shouldn't account for more than 28% of gross monthly income. Total debt shouldn't exceed 36% of gross income, but in some cases lenders stretch the maximum to 45%. Borrowers with the strongest credit profile may push the housing ratio a bit farther.
HOME BUYER SEMINAR - 6/28/2010
17 June 10 10:06 AM | Roberta Kayne | 0 Comments   

Note that this information is outdated.

Come to my Home Buyer Seminar on June 28th, 2010 at the Westerville Recreation Center from 6:30 to 8:30 pm at 350 North Cleveland Avenue, Westerville, Ohio. Learn all the ins and outs to buying a home from securing a mortgage to purchasing your new home and why this is a fantastic time to buy. I look forward to meeting you on Monday, June 28th!

 

GET READY TO OWN
03 June 10 06:54 PM | Roberta Kayne | 0 Comments   

Visit houselogic.com for more articles like this.

Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®

5 Tips for a Successful Home Remodel
17 March 10 11:41 AM | Roberta Kayne | 0 Comments   

5 Tips for a Successful Home Remodel

As spring approaches, many homeowners grow eager to start remodeling projects to update and refresh their surroundings. Before getting started, it’s a good idea to hire a professional remodeler for a workable plan and better results, according to the National Association of Home Builders (NAHB).

“A professional remodeler knows how to translate a homeowner’s dreams and budget into a beautiful reality,” said Donna Shirey, CGR, CAPS, CGP, president of Shirey Contracting in Issaquah, Wash. and 2010 chairman of NAHB Remodelers. “They have the expertise and skills to satisfy a customer while keeping the budget in check.”

Here are five tips for planning a successful home remodel that you can enjoy for many years to come.

1. Compile a list of home remodeling ideas and draft a budget for the work.
You likely have some projects in mind, such as modernizing the bathroom, renovating the kitchen, replacing windows or repairing the roof. Prioritize your wish list: Maybe you don’t have the budget for your dream remodel, but professional remodelers can maximize your dollars by doing the work in phases, suggesting budget-friendly products and materials and implementing creative design solutions.

2. Look for a professional remodeler to help plan the project.
Start by searching NAHB’s Directory of Professional Remodelers at www.nahb.org/remodel. You’ll get a list of nearby remodelers to contact. Asking friends and neighbors for names of qualified remodelers will also help you find a match for your project.

3. Check the references and background of the remodeler.
After you start speaking with remodelers and find one or two who match your project’s needs, be sure to conduct some background research by checking with the Better Business Bureau, talking to their references and asking if they are a trade association member (such as NAHB Remodelers). Remodelers with these qualities tend to be more reliable, better educated and more likely to stay on top of construction and design trends.

4. Agree on a contract.
Talk over the details of the home remodeling project and begin reviewing the contract. You’ll want to check the remodelers’ insurance coverage, ask about any warranties on their work, know who is responsible for obtaining any building permits and understand the process for making any change orders after the contract is signed. Make sure that you and your remodeler see eye to eye before you sign on the dotted line.

5. Take advantage of the energy efficiency tax credits.
If your remodel includes replacing windows or doors, adding insulation, installing new roofing, upgrading heating or air-conditioning units, updating the water heater or installing energy generating products (such as solar panels, heat pumps or wind turbines) then you can take advantage of federal energy efficiency tax credits through 2010 that will help defray costs and maximize your remodeling budget while reducing home energy bills.

For more information, visit www.nahb.org.

Clean Homes Show Better--Five Areas To Scrub to Make Yours Sparkle
03 March 10 10:44 AM | Roberta Kayne | 0 Comments   
So, here's a question for you. Would you rather walk into a clean home or a dirty one? No, it's not a trick question but it is an important one. You see, when it comes to selling a home, many people forget how important the answer to that question really is. Sellers get busy looking for their new home, preparing the kids for a move, packing up their belongings, getting organized for their new life and relocation so much that sometimes their home that's for sale doesn't get the TLC that's needed to push it to the top of the buyers' must-have list. It's not until the home sits on the market for long periods that sellers realize something has to change. Sometimes it's the marketing, sometimes it's the price, and sometimes it's the fact that the home that's being shown isn't clean enough. Yes, a clean home shows better and there are five ways to make yours sparkle from roof to baseboards.

Hard to Reach Windows/Skylights. These often get overlooked either because they're difficult to access to clean or because they aren't right at eye level. Whichever the case, cleaning windows in high ceilings or skylights provides a brighter light to shine in your home. Sometimes just getting out the cloud of dust and dirt that accumulates can make a difference between a murky-looking room and one that is eye-catching. And here's a tip from Buzzle.com, "Clean the windows on a cloudy day, but not a rainy one. If you clean the windows in the direct light of the sun, traces can appear on the window, as the cleaning solution gets dry before being cleaned.”

Baseboards and Walls. I have written about giving your home a fresh coat of paint prior to putting it on the market. But maybe you can get away with a good wipe-down instead. Using a wet, mildly soapy cloth you can scrub the baseboards and walls to make them look like they've had a fresh coat of paint, if the paint isn't chipped or too worn. However, a product called Mr. Clean's Magic Erasers will save you the mess and ease the elbow grease. These rectangle-shaped cleaning pads help take the grime off nearly everything. You don't have to spray anything on the surface you're going to clean; just wet the eraser and wipe off the marks. I've done whole walls with these pads and made it look as though the wall had been freshly painted. Be sure to get the baseboards and get down to kids' level and wipe off the marks where they place their fingers while walking down the hall or up the stairs. When buyers see homes that are scoffed and worn like that, they may think it's an indication that the home might not have gotten the care it needed for the bigger things too—such as furnace, disposal, plumbing, electrical wiring, etc. It gives a general feeling of un-cleanliness and can leave a negative lasting impression.

Toilets. It may seem like this goes without saying but I'm sure any real estate agent you ask will have a horror story about toilets. Whether they're leaking, continuously running, stained, or simply stinky, they pose a major deterrent. If you've got an older toilet, give it a good inspection and be sure to check under the lid. Buyers sometimes use your toilet when they're looking at your home and nothing is worse than seeing rust stains and other unsightly marks. A good product is Zep Toilet Bowl Cleaner.

Tile. When you're showing your house, hopefully, you'll get lots of foot traffic. This, however, can lead to very dirty flooring and grout. Yes, you can supply those footies and the sign placed by the door asking buyers to remove their shoes or put the footies on before entering your home, but, the truth is, not all will comply. Still, the tile and the condition of the grout will matter to buyers should they decide to make an offer. There are certainly many products to get the dirt out of those tiny grout lines; one that I've had success with is called Heavy Duty Acidic Cleaner for tile. Use a brush to really scrub those dirty lines; doing so will make the tile standout and not look like it needs re-grouting.

Closets, Cabinets, Computer areas. "Buyers love to snoop and will open closet and cabinet doors. That's according to About.com Guide, Elizabeth Weintraub. She writes about the need to de-clutter closets, hang shirts all facing the same way, and even alphabetize the spice cabinet. Wow! Love it! I realize you may feel you don't have time for all of that. Still, the point is, don't have junk stuffed inside closets and cabinets so that when potential buyers open them to have a peek, everything comes crashing down on them–and gives the impression that the closets are too small. Computer areas are becoming more popular in homes and behind most of those computers is a tangled web of wires collecting tons of dust.

Organize the wires using Velcro zip-ties and dust them off! Or, better yet, if you don't have to use the computer daily, arrange the area like you were filming a movie or shooting an advertisement—you never see wires. Remove all of the computer and accessory electronic cords. You can leave the monitor display on the desk but taking away the wires and storing them will give the area a more spacious, clean, and professionally staged look. A little cleaning and preparation before you market your home will help show buyers that you've cared for the house and that could be just the signal a buyer needs to make an offer.

http://realtytimes.com/rtpages/20100219_cleanhomes.htm

Long-Term Rates Rise to Over 5 Percent for the First Time in Three Weeks
01 March 10 12:18 PM | Roberta Kayne | 0 Comments   
Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.05 percent with an average 0.7 point for the week ending February 25, 2010, up from last week when it averaged 4.93 percent. Last year at this time, the 30-year FRM averaged 5.07 percent.
Full Story: http://realtytimes.com/rtpages/20100226_rates.htm
HOMEBUYER SEMINARS SCHEDULED
15 January 10 03:47 PM | Roberta Kayne | 0 Comments   
If you know someone who is thinking about buying a home, please share with them that there has never been a better time to buy -- with housing prices low and interest rates low, it's an opportunity not to be missed.  And let them know that the "Fairy Godmother for First Time Buyers" is ready to help them. 
I have several Home Buyers Seminars scheduled for January, February, March and April --
January 27 - Dublin Library
February 24 - Hilliard Library
February 25 - Dublin Library
March 16 - Hilliard Library
March 23 - Dublin Library


Go to http://seminars.robertakayne.com to register
 . 

What You Will Learn At The Seminar

**  LEARN ABOUT THE NEW $8,000 TAX CREDIT FOR BUYING A HOME
**  LEARN ABOUT FORECLOSURES & SHORT SALES
**  LEARN ABOUT FINANCING A HOME….
  • What If I don’t have perfect credit?
  • What will my monthly payment be?
  • How do I get pre-approved?
  • How much do I have to invest?
  • How to save over $150,000 over 10 years

 ** LEARN ABOUT FINDING A HOME…

  • Do I need a realtor?
  • What is available in my price range?
  • When should I start looking?
  • What if I’m in a lease?
  • How can I have a house built?
  • Should I have the home inspected?
  • What does an inspector do?

Proudly sponsored as a community service


24 HOUR RECORDED INFORMATION

CALL TO RESERVE YOUR SEAT

1-800-282-9871 Ext. 3002

 

Roberta Kayne Earns NAR Short Sales and Foreclosure Certification
15 January 10 03:43 PM | Roberta Kayne | 0 Comments   

— Roberta Kayne with Re/Max Affiliates, Dublin, Ohio has earned the nationally recognized Short Sales and Foreclosure Resource certification. The National Association of REALTORS® offers the SFR certification to REALTORS® who want to help both buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows.

According to a recent NAR survey, nearly one-third of all existing homes sold recently were either short sales or foreclosures.  For many real estate professionals, short sales and foreclosures are the new “traditional” transaction.  REALTORS® who have earned the SFR certification know how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities.

“As leading advocates for homeownership, REALTORS® believe that any family that loses its home to foreclosure is one family too many, but unfortunately, there are situations in which people just cannot afford to keep their homes, and a foreclosure or a short sale results,” said 2009 NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. “Foreclosures and short sales can offer opportunities for home buyers and benefit the larger community, as well, but it’s extremely important to have the help of a real estate professional like a REALTOR® who has earned the SFR certification for these kinds of purchases.”

The certification program includes training on how to qualify sellers for short sales, negotiate with lenders, protect buyers, and limit risk, and provides resources to help REALTORS® stay current on national and state-specific information as the market for these distressed properties evolves.  For more information about the SFR certification, visit www.REALTORSFR.org.

Home Is Where the Heart Is during Holiday Season
22 December 09 10:03 AM | Roberta Kayne | 0 Comments   

Christmas_Tree For many Americans, a home is still where the heart is during the holiday season. According to a recent survey conducted by Weichert, Realtors, a new house was the most popular item on consumers’ holiday wish list and the home was the place they most wanted to spend their time during the holidays.

The study found that 51% would choose a new house if they could have just one holiday wish granted this year, while 21% would wish for a new car. Surprisingly, despite today’s challenging job market, only 14% had a new job at the top of their list.

When asked where they would most enjoy spending the holidays, it was clear Americans still equate the holidays with home. A majority of respondents, 55%, said they would most enjoy spending the holidays in their own home, 27% opted for time at a relatives and 3% preferred to visit with close friends. Still, the holiday is seen as a time to get away and vacation for 14% of Americans. However, only 1% of respondents felt they would most enjoy spending the holidays at a restaurant.

“The home often serves as the backdrop for many warm holiday memories,” said James M. Weichert, president and founder of Weichert, Realtors, one of the nation’s largest independently owned real estate companies. “From a mantle to hang the stockings to a roof to display the lights to a dining table to gather around, a home offers many ways to celebrate the holidays and share special moments with family and friends.”

The survey also revealed that the joy of giving remains the best gift of all during the holiday season. Nearly nine out of 10 respondents said giving a gift that makes someone’s day is more satisfying than getting a gift that lets you know someone cares.

For more information, visit www.weichert.com.

8 Steps to Getting Your Finances in Order
21 December 09 10:17 AM | Roberta Kayne | 0 Comments   
 
  1. Develop a family budget. Instead of budgeting what you’d like to spend, use receipts to create a budget for what you actually spent over the last six months. One advantage of this approach is that it factors in unexpected expenses, such as car repairs, illnesses, etc., as well as predictable costs such as rent.

 

  1. Reduce your debt. Generally speaking, lenders look for a total debt load of no more than 36 percent of income. Since this figure includes your mortgage, which typically ranges between 25 percent and 28 percent of income, you need to get the rest of installment debt—car loans, student loans, revolving balances on credit cards—down to between 8 percent and 10 percent of your total income.

 

  1. Get a handle on expenses. You probably know how much you spend on rent and utilities, but little expenses add up. Try writing down everything you spend for one month. You’ll probably see some great ways to save.

 

  1. Increase your income. It may be necessary to take on a second, part-time job to get your income at a high-enough level to qualify for the home you want.

 

  1. Save for a downpayment. Although it’s possible to get a mortgage with only 5 percent down—or even less in some cases—you can usually get a better rate and a lower overall cost if you put down more. Shoot for saving a 20 percent downpayment.

 

  1. Create a house fund. Don’t just plan on saving whatever’s left toward a downpayment. Instead decide on a certain amount a month you want to save, then put it away as you pay your monthly bills.

 

  1. Keep your job. While you don’t need to be in the same job forever to qualify, having a job for less than two years may mean you have to pay a higher interest rate.

 

  1. Establish a good credit history. Get a credit card and make payments by the due date. Do the same for all your other bills. Pay off the entire balance promptly.

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