Do you own home? Are thinking about it soon? It seems this past year a lot of our friends have gotten new homes and many more seem to have plans to jump in as well. A few of us have talked about where we should start. Getting our credit report of course! You would think that I would have a plan before now but being a military family and moving so much it really has not been much of a thought till now. Wonder Hubby has about 7 more years in the service before he gets out. Who knows how many moves. We think though we might have a chance of staying in the area we are at and we really are wanting to get away from living on a military post. So with others we are looking into where to start.
Many of my friends are following Dave Ramsey as is, so they get a free credit score with their reports and see where they need to start. Paying off old debts I have read hurts your credit card score, don’t effect your car score, and helps your home buying score. Before a few weeks ago I didn’t even know there where different scores! Banks also seem to want to see that you have paid things off at least 6 months before trying to buy a home. Given what we have learned, a few of us are now planning out for 2 years. For my family personally 2 years is good because by then we should know if the military wants us to move, so then we would look at getting a home in the new area.
While dealing with our credit reports we have another task, how to buy a house that meets our needs to be green, or that is cheap enough that we can make the additions we want to. Just what additions do we think are the most important? A lot to think about, first step though is making sure we have good credit. Wish us luck!
