Events Calendar
In This Section
Auto bailout could be tied to government-run overhaul
Oil plummets on dire U.S. jobs figures
Employers cut 533,000 jobs in November, most in 34 years
Merrill Lynch shareholders approve sale to Bank of America
Worried retailers report big drop in sales
One National City executive on PNC leadership team
Most Read Stories
Blogs:
Akron Law Café:
What's Wrong with Incarcerating People for Profit?
Car Chase:
Car Guy* Gatherings
The Heldenfiles:
"Survivor" Results: A Long and Winding Road … to Something Obvious
Patrick McManamon:
Browns GM Phil Savage meets media, defers questions about the future
Browns Bulletin:
Say hello to your new starting quarterback
Cleveland Browns:
Anderson done for season
Cleveland Cavaliers:
Does the LeBron James Saga Finally Die - for Now?
CavsHQ: A Fan's View:
What to Watch For - Cavs v. Pacers
Akron Zips:
Looking ahead to Dayton
Varsity Letters:
‘Gridlocks’ high school football recap
Kent State Sports:
Home winning streak snapped by St. Mary's
Ohio Politics:
Chambliss: Hey, Guess Who Impacted This Race?
See Jane Style:
Holiday Dressing Men’s Edition
All Da King's Men:
Should We Bail Out The Big Three Automakers ?
Blog of Mass Destruction:
Obama's Place In The Center For Moderate GOP'ers
HRLite House:
The ‘House’ Test
Akron Gamer:
Quick holiday game guide
Ohio Travels with Betty:
Where is the house featured in A Christmas Story?
Sound Check:
The Pretenders to play Akron Civic Theatre on Valentine's Day
Let's Talk Real Estate:
Johnny Rockets: A taste of the 50s!
Published on Saturday, Aug 16, 2008
Qualifying for a mortgage is not as easy as it used to be. From http://www.peoplejam.com, an online self-help community, here are tips on getting a mortgage:
• Check your credit reports. The three main reporting agencies are Equifax, Experian and TransUnion. Make sure that all the information is correct. Report any discrepancies immediately.
• Boost your FICO score. Most mortgage lenders use the FICO score to determine whether a borrower will default. The score measures your ability to repay a loan, and there are steps you can take to improve it. Pay down your debt and pay all your credit accounts on time.
• Put away a 5 percent to 10 percent down payment. This will show that you are serious about becoming a homeowner. Most lenders feel more comfortable granting a mortgage with a larger down payment.
• Get realistic about your budget. A mortgage payment should be about 25 percent of your monthly household income.
Qualifying for a mortgage is not as easy as it used to be. From http://www.peoplejam.com, an online self-help community, here are tips on getting a mortgage:
Get the full article here.

