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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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| Q |
Where is the world's oldest pyramid?
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| A |
The oldest pyramid is the Third Pyramid of Mycerinus is at El Gizeh, Egypt; it has the largest single block weighing 320 tons. |
See More Real Estate Trivia > |
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