How to Tell if You Are Ready to Buy a Home
Home ownership is one of the most common goals that many people have to build their financial wealth over time. Investing in real estate can allow you to build equity with a property that you buy. If you want to determine if you’re financially ready to buy a new home, there are a few steps you’ll need to take.
Assess All of Your Debt
Assessing your debt is necessary to determine if you can afford to buy a home. Lenders will evaluate your debt-to-income ratio, which should be less than 43 percent of your income to ensure that you can continue to make your mortgage payments each month.
Improve Your Credit Score
Your credit score is one of the main factors that lenders evaluate when determining if you’re qualified for a home loan. Your credit score is a reflection of how well you manage your personal finances and if you’ll make your mortgage payment on time each month. Lenders require a credit score of at least 640. Those who have a credit score above 700 will be eligible for the lowest interest rates that are available.
You can improve your credit score by paying off remaining balances on your accounts and avoiding late payments. Paying more than the minimum amount required can also allow you to boost your score quickly. Avoid closing any of your accounts, which can have a negative impact on your score because it can shorten the amount of time you’ve had the credit history.
Continue reading “Are You Financially Ready to Buy a New Home?”
It’s that time of year again and Impression Homes understands the amount of time and energy it takes to find your perfect home. We know this process may seem overwhelming, and you might not know where to begin your search, but we are here to help! Impression Homes knows your home provides the backdrop for many special moments in your life. It’s not just a structure, it’s a place where memories are created. Impression Homes will exceed your expectations in your new home buying experience. We have an online sales specialist, Sara, who is here to guide you through a process that may deem daunting at first glance. She will help you locate the perfect community for you and your family, give you current availability, pricing and promotions. Once she has helped you narrow down your search, she will set up an appointment for you to meet with one of our knowledgeable sales consultants. With communities all throughout the DFW area, you are sure to find that perfect home with little stress and valuable knowledge. To get started on the road to a new home, 
A brand new, move-in ready home is a great choice for anyone who is interested in not only living in a brand new home without all the repair issues of an older home, but also for anyone who doesn’t have time for things like updating their home. Some people love working on their homes, and some just aren’t into that sort of thing. If that’s you, you’re in the right place!
Impression Homes is pleased to add 
For first-time homebuyers, the prospect of building a home can seem like an unattainable dream. In reality, however, a new construction home is the perfect option for first-timers. By working with 
Having received such awards as the Community Spotlight Award from the Greater Fort Worth Builder’s Association and Tree City USA from the Arbor Day Foundation, Kennedale has become known not only as one of the most well-managed communities in Texas, but also one of its most innovative. From its beginnings when Native Americans hunted along Village Creek to its present-day transition to a thriving suburban area, Kennedale has proven itself to be a great place for anyone to call home. With a population of just under 10,000 residents, it’s small enough to let you know your neighbors yet large enough to have numerous suburban amenities. Because of this, Impression Homes is constructing many new homes in Kennedale, in 
