Page 16 July 5, 2012 TORRANCE TRIBUNE Buying A Home: Prepare by Getting Your Finances in Order (ARA) - For those considering buying a Start by checking your credit report. You’re home, the current real estate market presents entitled to one free check of your report, some unique opportunities. One of the side from TransUnion and other credit report- effects of the economic roller coaster ride of ing agencies every year. As much as you the past few years is that home prices have need to check your report to find out what gone down and more homes have gone on shape your credit is in, it’s also essential the market. For buyers, that means more to review it for inaccuracies or fraudulent choices and better deals. However, those activity, both of which can have a negative same tumultuous years also can also teach impact on your score. buyers a lesson: Make smart buying decisions If your credit health needs some work, and be wise with your finances. start taking action immediately. Paying bills Impulsive buying is never a good idea on time, reducing your overall debt and when it comes to a purchase as significant limiting new credit inquiries can all help to as a home, but it was something of a trend build your credit - but be patient as it can at the height of the mid-2000s. Now, with take time for your positive actions to take banks lending far more cautiously, you need effect. Nevertheless, the sooner you make to be absolutely certain that your finances the effort, the sooner you’ll see results. are in order - and healthy - to be able to Making a prudent decision about buying a get the best deal on your purchase. house comes down to an honest assessment of There are a number of steps you can take what you can afford. Keep in mind that you to get ready to buy a home, and you might might be approved for a loan that’s larger than need to work on them simultaneously. Con- what is practical for you to afford. While it sider that you’ll need to start saving, if you may be tempting to buy a pricier house, the haven’t already, but you’ll also need to review stress of struggling to make payments could Make sure your finances are in order - and healthy. your credit score and do what you can to either maintain it or work toward healthier and even put you at financial risk. One rule Open House Directorydiminish your enjoyment of your new home credit. Both of these tasks will help make of thumb is that most borrowers can afford the home-buying process better for you. a home loan that runs about two and a half Your credit is an important factor in de- times their annual salary. termining the terms under which you can Buying a home is a complex process, but • Sun 2-4 708 E. Palm, ES 5bd + offi ce/3ba, 3-car side by side garage get a mortgage. Broadly speaking, the better one that is ultimately very rewarding when Kirk Brown & Kirk Brown, Jr. Main Street Realty 310-322-0066 your credit is, the more positively you’ll be done right. By organizing your finances well • Sun 2-4 1357 Voorhees Ave., MB 3bd/1ba $999,000 viewed by lenders - and that can lead to in advance, you’ll help set yourself up for Bill Ruane RE/MAX Beach Cities Realty 310-877-2374 better interest rates. And because you’ll be success. For more information about credit • Sun 2-4 913 Cedar St., ES 2bd/1ba $669,000 paying off your home for years to come, and buying a home, visit www.transunion. Bill Ruane RE/MAX Beach Cities Realty 310-877-2374 it’s important to get the best rate possible. com. • Why Advertise? Happy Birthday, Community newspapers connect your Kelly Burner: America! 310-322-9761Eloise Mendez:310-941-2994business to your community Eloise & Kelly Why Advertise DRE # 01005026 Hunter Mason Realty• 310-322-9761 •El Segundo DRE # 01378851 Here? HOPE YOU HAD A HAPPY “A Realtor For 25 Years.I Specialize in You!” Aurelio Mattucci We put your business 310-529-9922 (310)920-9233 30,000 residents and businesses www.ElSegundoRealEstate.comshielafowler@shorewood.comin the hands of over Residential & Commercial EVERY WEEK! DRE # 00942595 Sales & Leasing Contact Us for Rates and Information: Realtor for all Seasons! www.MATTUCCI.com marketing@heraldpublications.com 2105 W. 187th St. Torrance Just behind a beautifully manicured Japanese black pine tree lies a comfortable 3 bedroom, 2 bath single family home in the City of Tor- rance. Almost 1400 sf. Convenient serene cul de sac. Oversized fireplace in the living room. Spacious sunny kitchen and dining area Roger Hart feature lots of built-ins and generous cabi- 310-781-2000 net space. Several dual paned windows. Master bedroom has attached 3/4 bath with newer vanity. Full bath was recently updated. Grassy backyard has a covered patio. 2420 W. Carson St. #120 Listed at $439,000 Torrance, CA 90501
Torrrance 7.5.12
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