Let a Realtor guide you through buying process - NorthJersey.com

Those in need of advice from a professional Realtor may e-mail realestatepr@northjersey. Every effort will be made to answer the question in a subsequent edition. We do not know much about other towns, especially the price of homes. Buying a home is one of the most important decisions in a consumer's life, and your Realtor will help you stay focused on both the emotional and financial issues that are most important. The key is understanding local markets and how much you can afford to buy. Realtors visit hundreds of homes with buyers each year, and your Realtor will offer you a unique understanding of the markets. Buying a home is a terrific achievement and for many the single largest investment they will make in a lifetime. Lenders, especially in today's market, want to ensure they are making loans to qualified consumers and they look to the FICO score for answers. The FICO score, simply put, is a numeric rating that the credit agencies associate with your credit performance and profile, and it is based upon a number of factors, like whether or not you are making payments of all credit debt in a timely fashion. For example, a higher score indicates you are less risky to the lender and therefore you will receive better interest rates and financing options. Your best bet is to work with your Realtor and your lender to explain how FICO will affect your loan application. Realtors