I just closed on my first home (technically OUR first home, I'm married but my husband wasn't on the financing) on July 12th. It was a process that took almost 3 months. I had lurked around on this board the entire time, and learned WAY more than I would have otherwise. I want to thank everyone here for sharing your stories and tips. They really do make a difference!!
My credit history was terrible. Repossession, judgment, late payment after late payment. I never took credit that seriously because I never really learned about why it was important.
Well, finding out that I was pregnant with baby #2 while living in a one bedroom apartment changed things. Hubby and I wanted more space, NEEDED more space, and preferably space of our own. I set out to fix my credit and did so fairly quickly. Took out a credit rebuilder loan through my CU and paid off nearly everything. Settled on other things, and started to make every single payment on time or before time. I also opened two low limit secured credit cards and paid those in full every month.
As soon as I saw my credit score was 620, I applied for a mortgage through my credit union. I received my preapproval, and started shopping. Had it not been for this forum, I would have lost my mind! I read it every day, received pointers, and worked my way through it.
Now, I'm 6 months pregnant and decorating my kids rooms while my hubby mows his lawn. It's great!!!!!
So, THANK YOU, THANK YOU, THANK YOU!!!!!!!!!!!!!!!
The home buying process for a first timer can be so confusing, and at times downright dreadful. Without all of your knowledge I would have thought I was alone. I seriously can't thank you enough!
