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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 
1992 marked the first year since before the Civil War that there were fewer than 2 million ________ in the United States?

A 
There are fewer than 2 million farms, and agricultural land is still being carved up for residential and commercial uses.
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The Di Lewis Team, REALTOR®, real estate agents and broker for Henderson, Lake Las Vegas and Las Vegas, Nevada home listings, property and land for sale - NUMBER1EXPERT(tm)

The Di Lewis Team
Realty One Group

9089 S. Pecos Rd, Suite 3400
Henderson, NV 89074
Phone: 702-566-5827
Fax: 702 946 5082
Cell: 702 824 2188
Email: di@dilewis.com

Di & Mike work as a team specializing in High Rise condominiums, resort property, new homes, luxury real estate and investment property. . Real Estate designations held include: GRI (Graduate of the Real Estate Institute) ABR (Accredited Buyers Representative) e-PRO (Certified Internet specialist). Mike was born in New York and holds a BBA from Adelphi University and is is a former New York CPA. Mike is the team manager and brings a wealth of financial management and administrative experience to the team and is a certified Foreclosure and Short Sales Specialist. He specializes in investment property and commercial real estate and is a CCIM candidate.

GRI SFR ABR ePro REALTOR MLS Equal Housing


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