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Planning for the New Year

It is the time of the year to start planning for 2020. If buying your dream home is your New Year’s resolution, you can start taking the steps you need to reach your goal now. Saving, Consumer Credit Opt-Out, and Pre-Approval are things that you can do before you start shopping for a new home.

Start Saving:

If you are planning on purchasing a home in the new year, it is important to start saving. There are more upfront costs than just the down-payment on your home.

You should also be prepared to pay for closing costs, which occur when the title of property is transferred from the seller to the buyer.

There could be extra expenses for household items that you may need to purchase like tools, new locks and keys, and things to take care of your yard. Keep that in mind as you start saving for your new home.

Consumer Credit Opt-Out:

When a mortgage inquiry is logged on your credit report, your personal information is then automatically added to lists that are being sold by Experian, Trans Union and Equifax to certain kinds of mortgage lenders.

Predatory lending is a serious issue, especially in times of economic downturn, when unscrupulous mortgage lending companies become more aggressive in luring in home-buyers with bait-and-switch tactics. Additionally, the more companies that have your personal credit data, the greater the risk that you will become the victim of identity theft.

Consumer Credit Opt-Out is a preventative measure that you can take to protect yourself from predatory lending, hassling telemarketers and lower potential risk for identity theft.

Call 1-888-567-8688 or go to to complete the process.


Once you have mapped out your saving strategy and done the credit opt-out, it is time to get pre-approved. A pre-approval saves everyone involved time and money. It is a review of your financial situation and of available loan programs in order to arrive at preliminary determination that you qualify for a loan under the specified criteria. A pre-approval will give you many benefits:

  • You will learn how much you can confidently offer when you find the right home.

  • You’ll be considered a more serious homebuyer by sellers’ agents.

  • You can prepare how much you’ll need for down payment and closing costs.

  • Discover any credit issues to clear up before you become formally involved in the loan process.

Click here to get started on your pre-approval today!

Meet with a real estate agent:

After the pre-approval, you are ready to meet with a real estate agent to help you find that dream home!

Remember, at RMS we're ready to guide you home every step of the way.