Q: I was recently told I don’t have enough "open lines of credit" to qualify for my town’s down-payment-assistance program for first-time homebuyers. But I have three credit cards — one with a balance — and a school loan, which I pay on time. Isn’t that enough?

A: As a young child, my Dad taught me that she who has the money makes the rules. Whether that was an appropriate lesson for a young child notwithstanding, it certainly was an accurate one!

Mindset Management

As you’ve discovered, when you’re applying for any sort of home financing, you have to shift into the mindset reflected in the financing program’s guidelines.

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