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The busiest moving month of the year has arrived!


Countrywide Home Loans Offers Home Buying Tips to Gear up for Busiest Moving Month of the Year

The busiest moving month of the year for Americans, May, has arrived. According to a 2004 - 2005 United States Census Bureau study on geographic mobility, each year more than 39 million Americans will choose to start fresh, moving into a new home in the month of May. Most importantly, before home buyers do their moving, they must make financial decisions that affect their ability to move.

According to a 2004 - 2005 United States Census Bureau study on geographic mobility, each year more than 39 million Americans will choose to start fresh, moving into a new home in the month of May. Most importantly, before home buyers do their moving, they must make financial decisions that affect their ability to move.

"With numerous details involved in moving a household, and ultimately the important economic commitment, making the right financial decisions concerning your home loan and mortgage lender are critical necessities," said Tom Hunt, managing director of Countrywide Home Loans.

"Countrywide Home Loans has helped millions of home buyers involved in the home-buying process by assisting them in identifying the best mortgage loan and payment for them based on their individual financial situation."

As one of the most significant milestones in life, it is important for first-time and existing homeowners to remember a few quick tips when preparing to buy a new home.

Quick Tips for a May Move

The home buying process can be simplified by making the right choices. From deciding whether homeownership is the best feasible option to coordinating the actual move into a new home, all of these steps are essential to the process. Additionally, tools such as easy-to-use mortgage calculators to help determine how much house you can afford, and what your monthly payment will be can be found at http://www.countrywide.com.



The following are a few initial steps to consider:

1. Good credit counts. Know your credit history. Meet with a reputable mortgage lender, such as Countrywide Home Loans, to understand your credit score; work on any credit challenges; and know how much house you can afford.

2. How much can you afford? Proper planning and discipline can make the dream of owning a home a reality. Setting a realistic price range, for both new and move-up buyers, is vital. This helps minimize the risk of heartbreak from finding the perfect home but then encountering difficulty in qualifying for purchase financing, or walking away from a dream house that you do not realize may actually be affordable.

3. Describe your desires. Once you have a good idea of how much home you can afford, it's time to start prioritizing the most important home features. To help turn your desires into an organized list that will help you evaluate your options, ask a very important question: What am I looking for in a home? Always remember that there is no magic formula for determining which home is right for you. The home shopping process is much more subjective and intangible.

4. The search is on. Now that you know how much you can afford and have ironed out your preferences for the home of your dreams, it's time to go shopping. Ask those you trust for suggestions to help you find a real estate agent and link you to services that will help you evaluate the neighborhood, city and schools.

5. One size does not fit all. A changing real estate market may tempt a buyer to stick to a standard 30-year, fixed rate mortgage; however, this approach, while a comfortable choice for many, may not always optimally serve the home buyer's situation. A good lender will work to help the home buyer find a loan that is consistent with the individual needs and qualifications, unique financial situation, stage of life and personal financial goals of the buyer.

For additional information, contact Countrywide Home Loans at 800-570-9888 or visit http://www.countrywide.com. Home financing experts are available to help answer questions about the home-buying process.

About Countrywide Home Loans, Inc.

Countrywide Home Loans, Inc., a member of the Countrywide® family - America's #1 home loan lender - (as ranked for 2006 by Inside Mortgage Finance, Feb. 2, 2007, Copyright 2007), originates, purchases, securitizes, sells and services home loans and is the primary subsidiary of Countrywide Financial Corporation (NYSE: CFC).

Countrywide Financial Corporation, through its subsidiaries, provides mortgage banking and diversified financial services in domestic and international markets. Founded in 1969 and a member of the S&P 500 and Fortune 500, Countrywide Financial Corporation is headquartered in Calabasas, California and its family of companies has a workforce of more than 50,000 in over 900 offices across the country. http://www.countrywide.com