EXIT Realty JP Rothermel Blog

Saving to Buy a Home

Loans and Down Payments

"Neither a borrower nor a lender be" could be translated as: Maybe it's time to stop renting (borrowing) and buy a home of your own. But how do you know what you can afford? And how do you make the leap from renter to good loan risk? There are many types of loans, but there are two main criteria for qualifying:

Good credit. A good credit history with no or low debt is the ideal. Even if you're way ahead of the repo man, if you're carrying high debt...