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September 2016

Found 2 blog entries for September 2016.

12 Months Out

Check your credit score. Get a copy of your credit report at annualcreditreport.com. The three credit bureaus (Equifax, Experian, and TransUnion) are each required to give you a free credit report once a year. Avoid last-minute bombshells by checking your score long before you’re ready to make an offer. And work diligently to correct any mistakes. 

Determine how much you can afford.  Lenders look for a total debt load of no more than 43% of your gross monthly income (called the debt-to-income ratio). This figure includes your future mortgage and any other debts, such as a car loan, student loan, or revolving credit cards.

Make a down payment plan. Most conventional mortgages require a 20% down payment. If you can swing it, do it.

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AUSTIN, Texas – August 18, 2016 – Single-family home sales volume declined in the Central Texas area for the second time in 2016, according to the July 2016 Central Texas Housing Market Report released by the Austin Board of REALTORS®. Across the Central Texas region, 4,230 single-family homes were sold in July 2016, a decrease of 3.1 percent compared to July 2015.

“When it comes to sales volume, we’ve grown very used to seeing year-over-year increases every single month, but it’s important to remember that 2015 had the strongest summer selling season in the region’s history,” said Aaron Farmer, 2016 President of the Austin Board of REALTORS­®. “The value of Central Texas real estate has continued to increase, which is good news for homeowners, but those

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