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10 Reasons Not to Buy a House


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Credit Score
Be sure that you have a good credit score before you think about buying a home.
Be sure that you have a good credit score before you think about buying a home.
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You may be tired of seeing commercials and ads telling you to check your credit score, but they have a point -- knowing your score is vital when considering a purchase as important as a home.

A low credit score can make it hard to get a loan, and even if you do obtain a loan, bad credit might affect your interest rate. If your credit score is below 700, it's probably not a good time for you to buy. Instead, why not look for a cheap rental to live in while you pay down debts and get your credit shored up? If you work hard, you may be ready to buy your own home within a couple of years.


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