Thinking of buying a home? Here are some mission-critical steps to take before you begin your search.
Save for your Down Payment
Contrary to common belief, your down payment could be substantially less than 20%. Start saving now — you might be closer than you think!
Build Your Credit
Your credit score is one element that helps determine which home loan you’ll qualify for in the application process. It also impacts your mortgage interest rate, so a higher score could lead to a lower monthly payment.
Connect with a Trusted Agent
Real estate professionals help you make strong decisions throughout the home buying process. They know the market and can guide you toward a sound investment.
A pre-approval letter lets you know how much money you can borrow and helps you determine how much home you can afford. It also shows sellers you’re a serious buyer.
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice.