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Lending is tight, and with the way the market is moving, it may be getting even tighter. But that doesn't mean your dreams of that three bedroom colonial should be dashed to pieces. According to Michael Litzner, Broker of Century 21 American Homes, it just means you need to impress your lender. Below are Litzner's top tips:
Maintain job security. "If possible, you should stay at your current job while building up your credit and zeroing in on that mortgage," says Litzner. Your lender will want to analyze your work history, and make sure you are reliable and have a steady stream of income. If you know you need to switch jobs soon, put off your home purchase until you are securely in your new position.
Fluff your credit. Your...
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