2. Automate recurring payments. Avoid late payments.
3. Don't borrow more than 1/2 of allowed credit limit.
4. Don't pay off car loan in advance.
5. Don't be afraid to ask for credit counseling.
Rajeev's Tips for home sellers
Find out what your home is worth.
Figure out if you need to sell first in order to buy.
Plan where you want to buy your next home - You might move from Sunnyvale to San Ramon or Fremont to San Jose or Newark to Pleasanton or within a mile from where you live now.. the combinations are endless.
Dress your home for sale. Store away extra items.
Review/enhance lighting in the rooms.
Keep a copy of your loan statement handy. Find out if there will be pre-payment penalty on your loan.
Plan selling time frame if you need to (and haven't completed) complete 2 years at the property before you sell.
Are there any major repairs required (Roof, property, termite)?
Rajeev's Tips for home buyers
Plan the area(s) where you want to buy your home.
Prioritize what is important to you in a home (other than price).
Estimate your daily commute time to work from the area you plan to buy in.
Get your down payment ready. Most lenders look for "seasoning" of funds.
If schools are a priority, call to ensure what school the home is affiliated with.
Consult a Sr. loan consultant (Monica?) to estimate your monthly payments based upon your reserves, credit score, % down and estimated purchase price.
