Pardee Homes Helps Home Shoppers Overcome Home Buying Obstacles

SAN DIEGO, CA, October 19, 2012 (Press-News.org) With home prices leveling out and interest rates still at record lows, home shoppers are out in force once again, looking for that dream home and hoping to put together all the pieces to make it happen. Buying a home today is not as simple as it was five years ago, so Pardee Homes has introduced HomewardBound, a program designed to clear the path to homeownership.

"Obstacles like poor credit, no credit, foreclosures, high debt ratios and an inconsistent employment history are hurdles that can put the dream of home ownership just out of reach," said Gary Probert, Vice President of Sales for Pardee Homes. "These types of obstacles can make it difficult to qualify for a loan, but there are solutions, and one way is to participate in Pardee's HomewardBound program. This is a free program available to Pardee Homes' homebuyers and can be easily put into action by going to our website at http://www.pardeehomes.com/homeward-bound/ or calling our new home specialist at (858) 342-8797."

One of the ways that Pardee Homes helps clear the path to homeownership is by providing a free initial credit analysis. With that in hand, a program can be created that may include budgeting assistance, a savings plan, credit enhancement or repair, and if needed, the assistance of an independent, third party credit advisor who can help the buyer maximize their credit score and correct reported errors. Statistically, buyers who work with eCredit Advisor see a 30 to 80 point increase in their FICO score in a span of two to five months; with a three-cycle program there is currently an average increase of 64 points on a mid-credit score. eCredit Advisor has a proven track record in repairing credit with a 95% success rate.

HomewardBound can also help a home shopper establish a program for regular savings to help them reach the down payment needed to qualify for a mortgage or provide a fresh approach to a disciplined budget that may be the key to getting their credit where it needs to be to buy a home. Some services require a small fee which is reimbursable at the close of escrow.

"If you hope to buy a home soon there are steps you can take in advance to make sure you're in the best possible position when you find your dream home," said Probert. "That's what Homeward Bound is all about; helping prepare you for some of the most important decisions you will make and making sure you are financially positioned to avoid obstacles."

Celebrating 91 years in the homebuilding business, Pardee Homes builds new homes and communities for first-time through luxury homebuyers. It was among the first to embrace master planned community concepts, green homebuilding measures, environmentally sensitive development practices and customer-focused processes for new home purchase.

In San Diego, Pardee Homes' offers home shoppers stylish condominium living at Sorrento Terrace and sophisticated, single-family detached home living at Sorrento Heights. Both are ideally located above Sorrento Valley on the mesas and hills that overlook the pristine canyons of Los Peñasquitos Preserve. Sorrento Heights is priced from the $650,000s and Sorrento Terrace is priced from the high $300,000s

For more information visit http://www.pardeehomes.com.