David Underwood

Top Flite Financial

  • Home
  • About
    • About Me
    • Licensing
    • Privacy Policy
    • Texas Complaint Notice For Mortgage Bankers
  • Resources
    • First Time Buyer Tips
    • First Time Seller Tips
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Programs
    • Loan Process
    • Mortgage FAQ
    • Mortgage Glossary
  • Apply
    • Online Application
    • Apply Now – Short Form
  • Download My Mortgage eGuide!
  • Contact

Get Your Finances In Order With A Few Simple Steps

July 17, 2020 by David Underwood

Get Your Finances In Order With A Few Simple StepsIf you are looking to buy a home one day but don’t think you are ready just yet, you are not alone. One of the most important tasks that you have to complete involves getting your finances in order.

There are a few ways to get your finances in order before you buy, no matter how long you have been waiting to buy a home. Getting your finances in order with these simple steps can help you become a more competitive applicant both for a mortgage and a home that is on the market.

Focus On Your Credit Score

While it is true that your credit doesn’t have to be perfect in order to get a home, a strong credit score will increase your chances of getting approved. In addition, a great credit score can also help you get a lower interest rate on your mortgage.

Some of the ways that you can improve your credit score include disputing errors that might be on your report, reducing your debt, producing a long track record of on-time payments, and avoiding late payments. All of this will help you get ready to apply for a mortgage.

Open A Bank Account For Homeownership

The cost of a home is far more than a down payment and mortgage bills. The reality is that owning a home comes with a variety of expenses for which you must be prepared. Therefore, it is a prudent idea to open a bank account that is solely for homeownership expenses. This account should contain a variety of funds including those for utilities, maintenance, landscaping costs, and even renovation expenses. This will help you visualize the amount of money that you have set aside.

Calculate The Budget

Finally, it is also smart to calculate a budget for the home. Some of the factors that are going to play a role in the sticker price of a home include the down payment, closing costs, and potential taxes. For help with this calculation, it is a smart idea to meet with a trained mortgage professional.

Prepare To Buy A Home

These are a few of the steps that you should follow to get your finances in order. These steps will make you a more competitive applicant for a mortgage.

Filed Under: Mortgage Tagged With: Down Payment, Finance's, Mortgage Tips

  • « Previous Page
  • 1
  • …
  • 102
  • 103
  • 104
  • 105
  • 106
  • …
  • 109
  • Next Page »

David Underwood Photo


David Underwood


Mortgage Loan Officer
NMLS # 104138
Cell 248-219-3457
Office 586-753-9000
dunderwood@tfhomeloans.com
Topflite home loans logo

How can I help?

Connect with Me

Archives

Recent Articles

  • What To Do When Your Mortgage Loan is Declined
  • Pet-Friendly Mortgages And How Owning Pets Could Affect Your Loan Choices
  • What Your Coffee Habit Can Teach You About Paying Off Your Mortgage Faster

My Licensing Information

Click Here for my licensing information.
Click Here for Branch licensing information.

Top Flite Financial, Inc. NMLS ID# 4181
Equal Housing Opportunity.

Our Location


46869 Garfield Rd
Macomb Twp, MI 48044
Branch NMLS # 209410

Copyright © 2025 · Powered by MySMARTblog

Copyright © 2025 · Genesis Sample Theme on Genesis Framework · WordPress · Log in