 TITLE: How a Personal Loan Can Affect Getting a Mortgage CONTENT: Avoid Jumping Into a Mortgage Too Soon\n--------------------------------------\nHomeownership is an exciting prospect, and it can be easy to get caught up in the emotional side of taking that big step in life. But if you commit to a mortgage loan before you're financially ready, homeownership could become more of a burden than a blessing.\nMake it a priority to check your credit score and work on improving it long before you apply. Also, create a budget to determine how much you can actually afford to pay each month, keeping in mind that what the lender offers you may actually be out of your price range. As you do so, don't forget about other housing costs, such as private mortgage insurance, property taxes, homeowners insurance, repairs, maintenance and more.\nAs you approach getting a mortgage loan this way, you'll have a much better chance of getting approved for one and being able to make the payments each month. END