To have a credit score, you need to have taken out some loan before or had a credit card. If you have not done either of these things, you will not have a credit score at all. In that situation, you can still purchase a home; you just are going to need to do things a little differently.
Tip #1: Consider an FHA Mortgage
If you don't have a credit score, you may want to consider an FHA mortgage.
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If you're saving for retirement and feel limited by what your current IRA allows you to invest in, you should consider opening a self-directed IRA. Self-directed IRAs allow you to diversify your assets more than a traditional IRA would. In return, you'll be required to decide what to invest in on your own. They retain the same tax advantages as a traditional IRA, as your assets are only taxed when you cash them out after retirement.
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When shopping around for new apartments, size is one of the most important factors to consider. If you are by yourself, you may wonder if you should just stick to a one-bedroom or upgrade to a two-bedroom. While a two-bedroom may seem like a lot at first, it comes with many advantages.
Here are a few reasons to rent a two-bedroom apartment.
You Can Add a Roommate in the Future
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These days, prospective homebuyers can learn a lot about different homes just by checking out critical details online. From photos of the property and tax history to school ratings and aesthetics, there are a lot of pieces of information to ponder. When you read property listings, pay attention to these three things that could indicate a great deal.
1. Timing
The housing market has yearly trends, just like the stock market.
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If you are just starting to look for a new home, you may think that things will go smoothly by not using a real estate agent to conduct your search. That may not be true, since there are a few reasons why it is worth working with a residential real estate agent throughout the entire process.
You Will Be Able To Schedule Showings Much Easier
Looking at listings online will eventually not be enough, and you'll want to tour a home in person.
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