We all have a dream of something we want to achieve or get as we get older. And for a lot of people, it is owning our own home. There is a lot of more you have to do to get a new home than you would expect, but key to any home purchase is having good credit and a good financial history to prove to the lenders you are not a high risk.
The reality is, a lot of people don’t have the financial security that is needed to buy a new home. It could be from a loss of a job, end of a relationship or even the ever changing market. But there are ways you can get your finances back on track to get the dream home for you and your family, as well as services that can help you with the process.
Evaluate the Current Market
A few years ago, finding the right house could take forever. But right now we’re in a seller’s market. Yes, the market is slowly coming back and that means there are houses all over the market. That means you can look at a house and before you file the paperwork – it’s off the market. Houses are flying off the market before you even know they were listed.
This means as you try to find the right house, you need to have your finances in order before you even start the process and bid on a house. Not only can your finances delay a sale, but remember that home owners receive multiple offers within a couple days and they are going to choose the best offer for their home and their next step. So, if you don’t have the best offer or finances going in – getting that house you want may not get you where you want to go.
Are you ready to find the best home for you and your family? Do you have your finances in order? How do you even start finding the help to get the keys to your dream house in your hand?
How Dutchess Partners Can Help You
Have you been looking for some help getting you on the right path for your finances? It may be helping you get a plan in place to pay off your credit card debts or better planning for your bills – but Dutchess Partners can help you with that. Their financial planners help anyone not only make a plan to help you get where you want to go, but also can help you evaluate what steps you need to go in the short term as well as your current credit and status. What decisions have you made in the past that need to be changed for you to get on a better path for your future.
Working with a professional can help you make your plan of action, but also give you a realistic timeline on what you need to get to where you want to be. From creating realistic financial plans, making sure you are taking note of any outstanding debt and settling those ahead of time. One of the best ways to help improve your credit and reduce your expenses is to make sure you pay off old debts and get ahead of the negative things on your accounts.
Find out more about Dutchess Partners services and how they can help you find your path to financial freedom.
Tips for Your Path to Financial Freedom
So, you’re looking to find financial freedom – but before you do that you have to start taking control of your money and your finances before you even consult a professional. So what can you do?
- Make a spreadsheet of all of your expenses and when they are pulled out of your accounts or are due
- Create a spreadsheet that shows your income sources and what you need to meet your expenses each month
- Start putting money away, and evaluate what is an actual expense instead of a want and put that extra away for later.
- Set a goal – is it that house? That trip or whatever else is a dream for yours. Start evaluating what you need financially to make that happen.
- Evaluate your current status – is your credit where it needs to be? Do you have the down payment you need?
- Set a plan of action – what do you need to do to get you where you want to be? Start working towards that goal step by step.
Taking control of your financial responsibilities and finding a service that can help you get where you want to go will make all the difference when you are working on your credit and finances. This will help you get those keys to your dream home, reaching that next goal and living the life you would like.
What if it You Need More Help or Time?
Cleaning up your finances can take some time, and even with professional services you may need more time to get to the dream home or goal you have in mind. That doesn’t mean it’s completely unattainable – but you may need to work a bit more on your plan.
So what do you do if you don’t qualify for the loans you need? Start working on those finances! It may take some time to get where you want to be but that doesn’t mean that goal isn’t something you can reach. Instead, find a home you can rent in the meantime. There are plenty of rental properties in your desired area and there are even private sales you could do like rent to own properties. Look at non-conventional loans and even apply for state assistance if that is an option for you.
Remember that your current state doesn’t mean that is where you are going to be forever, you can create goals and work towards them over time. You can work with financial planners to find what is perfect for your current life to help you get to the place you want to be!
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