I remember when I was younger, my parents took out a mortgage so they could buy our house. It seemed like no big deal at the time. They went into a bank, filled out an application, and a few days later, they were approved. They had a good rate, too. I'm guessing that their credit was established, and since they both worked full-time and made good money, they were good candidates for a cheap loan.
Now that I'm researching home buying, looking at my credit score and other must-haves, I am worried that I won't ever be approved for a mortgage. Of course, some companies claim to specialize in bad credit mortgages, but it's hard to tell if they are just saying that to get me to apply.
I need to sit down and talk with my dad. He can help me understand the different types of mortgages and hopefully point me in the right direction. I've tried reading Money Magazine on CNN and of course I've looked over the literature I've gotten from some other lenders, but I'm still confused.
I would like to start this home-ownership journey sooner rather than later, but I am a terrible procrastinator when things don't come easily to me. Someone give me some motivation here!!
My friends always say I should open my own store. I like working in retail even though most people hate it. I even like the Christmas season in a busy store! But I'm overwhelmed at all I would need to do to open a business of my own.
The last time I thought about it, I made a list of everything that would need to be done before I could open up shop. I would have to find a location, buy fixtures, get set up to purchase from major wholesale companies, create a merchant account to process credit cards, open a business banking account for my profits (ha!), deal with the phone and electric companies to set up accounts, and finally, figure out a way to pay for all the merchandise I needed to start up. And before I could do any of it, I'd have to decide what to sell!
I'm not going to be opening up my own business any time soon, you can bet on that. It's more work than my uncommitted and easily distracted self could ever take on. So for now, I'm just going to enjoy reading about someone else's adventures as the owner of a small shop, and take comfort in the fact that I am happily employed in a store that is not owned by me!
