Understanding Credit
Section 10 - Now you are ready to buy a house
Having read through the above material, you should now be aware that you are making a major financial
and personal decision when you ask to borrow money. If you have prepared a budget letter, understand
the amount of money you can make in payments monthly and have adequately corrected any past credit
problems then you are ready to move forward with a home purchase. It is important to understand that
while past problems will be questioned they are not insurmountable provided you have demonstrated a
willingness to pay. When a creditor evaluates your application for money, they are looking for your
demonstrated willingness and ability to pay. So if you have had past credit problems, it is important
to quickly get back on track so the creditors know you take your financial obligations seriously. Good
luck with the house hunting.
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