If you are buying a home for the first time, you need to establish a reasonably good financial foundation before a lender will approve you for a mortgage loan. Lenders look for a good credit rating, sufficient funds to make the initial down payment and pay the closing costs, and a stable employment situation.

People who have just qualified for a mortgage loan are usually in better-than-average financial shape. If you have recently purchased a new house, don't be surprised if you receive numerous offers from retail stores and other credit card companies offering you pre-approved revolving credit.

Be careful about accepting these offers! New home owners often use most of their savings in the process of financing the transaction, and they need everything from linens to furniture to get settled in the home. With all of the immediate credit available, it may be very tempting to just say "charge it." If you're not careful, you could be "up to your ears" in debt very quickly. It takes discipline to reach the goal of home ownership--and it takes that same kind of discipline to maintain financial health after you leave the closing table.

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Grace and Lucas Miranda
The Miranda Team
Keller Williams World Media Center
401 South First Street
Burbank, CA 91502
Office: 818-239-3545
Fax: 818-239-3555
DRE#: 01275725
Office DRE#:: 01521876
Grace's Email: GraceMiranda@live.com
Lucas's Email: LucasMirandaRE@gmail.com

The Miranda Team at Keller Williams World Media Center is one of the highest producing real estate teams in this area. The team is composed of Grace Miranda, listing agent, and her son, Lucas Miranda, as the team’s buyer’s specialist. Grace and Lucas are consistent top producers serving areas that include Burbank, Glendale, Sun Valley, Shadow Hills, North Hollywood, Studio City, Toluca Lake, and surrounding communities. They serve a wide spectrum of clients from first time home buyers, entertainment industry clients, to equestrian enthusiasts and luxury properties. Their team combines attention to detail, integrity, professionalism, the highest service, as well as utmost discretion as they assist their clients in the process of selling and buying homes. Need to buy a home in the San Fernando Valley, Santa Clarita Valley, or the San Gabriel Valley? Call Lucas today to start the hunt for your perfect home at an amazing price! Need to sell a home in Burbank, Glendale, Sun Valley, Shadow Hills, North Hollywood, Studio City, Toluca Lake or surrounding areas? Give Grace a call to get your home sold quickly for top dollar. Grace also specializes in Short Sales, pre-foreclosure sales, and is certified as a Short Sale Specialist and an REO Specialist.