Cathy Lomasney's Blog
If you plan to buy a house, you'll want to apply for a mortgage before you launch your house search. That way, you'll have your finances in order and can narrow your home search accordingly.
Ultimately, there are several steps that you should take prior to applying for a mortgage, and these are:
1. Check Your Credit Score
A bank or credit union likely will analyze your credit score as it reviews your mortgage application. However, you can find out your credit score free of charge before you kick off the mortgage application process.
You are eligible to receive a free copy of your credit report annually from each of the three credit reporting bureaus (Equifax, Experian and TransUnion). Submit a request for your credit report today, and you can receive comprehensive insights into your credit history.
2. Examine Your Earnings and Debt
How much you currently earn and your outstanding debt could play pivotal roles in your ability to acquire a favorable mortgage. Thus, you'll want to examine these factors closely so that you can better understand how lenders will view your mortgage application.
Also, if you have lots of outstanding debt, there is no need to worry. If you allocate the necessary time and resources to learn about your debt and pay it off, you can increase the likelihood of obtaining a favorable mortgage.
3. Establish a Budget
Although a mortgage may prove to be essential to buy a house, it is important to consider various homebuying expenses as well.
For example, you may need to pay closing costs, home inspection fees and other expenses throughout the homebuying process. If you're worried about having the necessary finances to cover these costs, you may want to start saving money for them as soon as possible.
It often helps to account for the costs associated with cable, electricity, internet and other home must-haves too. The aforementioned homeownership expenses can add up quickly, but those who plan ahead can ensure they have sufficient funds available to cover these costs.
As you prepare to search for a house, it usually is a great idea to hire a real estate agent. This housing market can help you prepare for each stage of the homebuying cycle and ensure you can achieve your homebuying goals.
Typically, a real estate agent will meet with you and find out what you want in a dream house. This housing market professional then can keep you up to date about residences that match or exceed your expectations.
Perhaps best of all, a real estate agent understands that no one should be forced to overspend to acquire their ideal residence. As such, this housing market professional will make it simple for you to discover a terrific house at a budget-friendly price.
Lastly, don't hesitate to reach out to a real estate agent for guidance before you apply for a mortgage. With a real estate agent at your side, you can learn about lenders in your area and find one that can provide you with the financing that you need to purchase your dream house.
In recent years, the number of employees who work from home, at least some of the time, has increased to about 25 percent. This trend shows that companies are warming up to the idea of letting their employees work wherever they’re comfortable, and that a growing number of people are working on a freelance or contract basis.
Working from home, despite its many advantages, does pose some obstacles to productivity. Thus, time management and daily task setting are key to being as productive or more productive than you would be at the office.
In today’s article, we’re going to help you learn how to become more productive when you work from home so that you can meet your daily numbers while still enjoying the perks of working remotely.
One of the most difficult aspects of working from home is sticking to a schedule throughout the day. The home poses several distractions--kids, pets, TV, the refrigerator. Aside from the distraction factor, it’s easy to procrastinate when you don’t have a boss lurking around. There are several measures you can take while working at home to counter these factors.
First, make sure you set some ground rules for yourself and your family while working from home. Make sure everyone knows your work hours, including yourself. Stick to those hours by creating a daily routine. Everyone is different when it comes to keeping a planner.
Some people keep a simple task list in a notebook, while others create intricate planners that are color-coded and rife with stickers and reminders. Regardless of your method, make sure you have a physical reminder in front of you during the day that reminds you what you should be doing.
Routine is key to managing your time. While there will always be things that come up that we don’t plan for, having a foundation for your day is vital. Starting each day the same way is a good way to help yourself stick to your schedule. Some people go for a walk each morning, while others dive right into their work. Whichever you choose, make sure you do it consistently.
Creating a productive environment
Try to work in an office or spare room away from kids or pets and let your family know that you need to focus when you’re there.
If possible, set your phone to silent or “do not disturb” mode. Remove any distractions from the room that will tempt you to procrastinate. Things like the TV and snacks can easily steal your attention.
However, in this day of social media, it’s equally important to make sure you avoid procrastinating online as well. If you find yourself subconsciously navigating to Facebook or Reddit, try setting up an extension on your browser that limits your time on those sites to 10 minutes per day to help you stay on track.
A productive environment doesn’t have to be a barren one. Choose decorations and paint colors that work for you. You’ll want to feel comfortable in your work environment, and one of the perks of working from home is being able to customize any way that you like.
Finally, remember to take breaks. Many people who are able to work from home have a tendency to put work off until the last minute and then work feverishly to get everything done.
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