When we come to the end of any calendar year, isn’t it amazing to look back over the last 12 months and realize just how much has transpired? And, of course, the resolution season is upon us. A blank page opens before us each January 1, presenting an opportunity to make changes and write a new chapter. Before we tear that last sheet from our calendars, let’s take a closer look at how the actions we take now – at the start of 2015 – can make the home loan process easier in the year ahead.
As kids, there are some things we all learn while we’re growing up:
• Never drink soda after you eat Pop Rocks.
• Cracking your knuckles will give you arthritis.
• You’ll catch a cold if you go outside without a jacket.
• It takes a 20% down payment in order to buy your first home.
Whether you are headed off to college, starting a job, saving for your first home, or a parent preparing a child for life on their own, money management and budgeting can create anxiety. Can I afford college? How do I save for a down payment? How will I pay my bills, save and still be able to have some fun? These three simple steps will help ease the uncertainty and set you on a path toward financial independence.