--- title: "ON KTHV: 2020 GOALS OF HOMEOWNERSHIP" description: How to improve your financial independence and start the new year on a positive note. image: https://blog.blrmortgage.com/hubfs/1172020%20KTHV%20Patrick%20Dennis%20pic.png --- ![blrm_logo-166x45.png](https://blog.blrmortgage.com/hs-fs/hubfs/Mortgage_Site/images/blrm_logo-166x45.png?width=166&name=blrm_logo-166x45.png "blrm_logo-166x45.png") ![logo-rock-mortgage.png](https://blog.blrmortgage.com/hs-fs/hubfs/Mortgage_Site/images/logo-rock-mortgage.png?width=180&name=logo-rock-mortgage.png "logo-rock-mortgage.png") ![blog-bg.jpg](https://blog.blrmortgage.com/hs-fs/hubfs/Mortgage_Site/images/blog-bg.jpg?width=1600&name=blog-bg.jpg "blog-bg.jpg") # NEWS # ON KTHV: 2020 GOALS OF HOMEOWNERSHIP Posted by [Blake Montgomery](https://blog.blrmortgage.com/mortgage-newblog/author/blake-montgomery) on Jan 21, 2020 12:55:14 PM ![Blake Montgomery](https://app.hubspot.com/settings/avatar/0d0a314baa0a411b65de2e97005b52d9) - [Tweet](https://twitter.com/share)   Watch Patrick and [Amanda to learn more ](https://www.thv11.com/article/about-us/team-bios/amanda-jaeger/91-357120613)                   From the January KTHV interview with Patrick Dennis and Amanda Jaeger. No Headphones...No Problem.  See below for transcript. The new year could mean a new house for some of you find out how to make sure you're making the right investments for owning a home for some of us a new year could mean a new financial outlook and one of those ways to help the money in your bank account could be to invest in a home we have Patrick Dennis from Bank of Little Rock Mortgage here to tell us how to achieve your home ownership goals are a lot of people buying houses here in the new year there are yeah there's limited demand here in January but still there's a lot of people out there knocking on doors and calling Realtors and calling myself right probably a big goal for a lot of people this year to have a home if they have never been able to get one before and so how I mean how hard is it do you really have to have a perfect credit score is that kind of a myth so as far as credit score goes it definitely affects what you're eligible for whether it eligible at all or not and it will definitely affect your rate as well as your mortgage insurance rates so the first thing you want to do is take a look at your credit get it in great shape make sure there's no mistakes on there get your credit cards around 50% or lower possibly even around 30% would be good and just have that ready so when you're ready to go or okay that's that's really really really good advice I know you've got a couple other tips here too I know that for a lot of people it's just getting that budget where they need it to be because it can it can be expensive but it can be more expensive to rent right so what you want to do is you want to get yourself set with something that's affordable okay your your payment structure with all your other credit card payments and such make sure you know what you can afford not what you're qualified for but also you want to know what's in that home mortgage payment such as taxes insurance and we have an online calculator that'll help you do that okay so those are some good tips you're seeing there on your screen as well and I know one of the big questions too is how to find the right mortgage type I feel like there are a lot of people out there trying to get you to get a mortgage how do you know which one is the best yes so there's not a one-size-fits-all for that we have several different options and which we figure out your credit we'll figure out your down payment amount look at a couple other factors we can kind of fit you into two or three different mortgages as long as you qualify and then figure out what's the best one for you long term and short term okay this is great advice I know for a lot of people it's your goal to finally get to buy that house so Bank of Little Rock mortgage we got Patrick here all the information you need so thank you so much for providing that we appreciate it thanks for having me Topics: [home ownership](https://blog.blrmortgage.com/mortgage-newblog/topic/home-ownership) [On Time Closing](https://blog.blrmortgage.com/mortgage-newblog/topic/on-time-closing) [Home Loans](https://blog.blrmortgage.com/mortgage-newblog/topic/home-loans) [Rent or Buy](https://blog.blrmortgage.com/mortgage-newblog/topic/rent-or-buy) ### Subscribe to Email ### Recent Posts ### Posts by Topic - 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