Excerpt from: Greater Phoenix trends and statistics
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| November 12, 2007 | | Phoenix real estate is a great buy but, you need to prepare for the process of buying. | Buyers need to be more cautious when buying a home now. Your debt ratio, your credit score and your spending have become very important for lenders, more so than in the last few years. Because of this you don't want to jeopardise your chances of a home or investment purchase by making large purchases. If your getting ready to buy a home, take care to prepare your credit by keeping debt to a minimum. In addition, while in the process of buying a home make sure not to make any large purchases, don't buy that new furniture or any other purchase on credit because it will effect your credit score and more importantly you debt ratio which can disqualify you from the loan and you could lose the home your buying or a chance to buy a home at all, atoll you pay down your debt. Getting ready to buy? We'll help you through the process. It's not only about finding a home, its about the entire process. | |
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