The Eco-Friendly Energy-Efficient Money-Making Series Pt-1

June 23, 2009 by Daniel Ambrose

I promised you I would write the eco-friendly energy-efficient money-making series, and I will not let you, our world, or my grandchildren down. We shall overcome. Together we cannot, must not, fail! So lets start this series with new home-buyers in mind.

If you are new to the home-buying process, you will want to pay close attention here, and if you have home-buying experience, but not any experience in buying eco-friendly, whether it be a home on the market, or a home you are having designed by an architect, you to are going to want to pay attention to this series.

The first thing that comes to mind when you are thinking of buying a new home is how much home can be afforded? and this is a legitimate question, that should be asked and seriously considered, before getting too deep into the eco-friendly energy-efficient money-making home-buying process. But this is also where you can learn some important tips in this series.

This is where you will be wondering what kind of a mortgage you can qualify for and you should start by pulling your own credit scores. By law the credit-reporting bureaus must give you a copy of your report for free once per year if requested. You should start this process by requesting from the big three bureaus: Equifax, Experian and Trans Union.

Knowing your credit score before the lenders puts you in the drivers seat. This is where you want to be if you want to get the best bang for your home-buying buck. Typically your credit score will be between 400-850, the higher the score the better it is for you.

Frankly, if your score falls below 700, lenders are going to make your loan hard to get or they are going to charge so much for the loan that the payments can be very uncomfortable for you with a higher lending rate, points, fees, etc. But do not panic. This is why you got your free copy of your credit scores before talking with the lenders. Remember, you are in charge here.

If you see your scores are low you should first check them for accuracy, before going into a panic. They do make mistakes, and you can get them corrected, but you must be vigilant, as well as diligent. Contact them and point out the descepancy and follow up until it is corrected.

On the other hand, if you have had some difficulties, and fallen behind on some bills, taken some cards to their limits, or failed to pay something -whether you thought the insurance company was responsible for some hospital bill and you just failed to follow up, or whatever the case may be. You now have an important opportunity to get in front of these things and get them taken care of before the creditor ever sees them.

In the next post of the eco-friendly energy-efficient money-making series Pt-2, we are going to start with ways to quickly improve your credit score, so you will get the best martgage you can and save, probably many, thousands of dollars, over the lifetime of the loan. You will not want to miss this series. Take a moment and Book-Mark: http://info2saveearth.com and click on the RSS feed-button in the upper right-side of any of my homepages, so you will know whenever there is an update to my site.