7 Steps for Getting Started on Your Home Buying Journey

1. Frequently check your credit score. Make sure all the accounts listed under your name are accurately reported.

2. Maximize your credit score. Consumers will likely not be approved if their credit score is less than 625.

3. Build a housing emergency fund. Set aside a cash fund to cover unexpected repairs or other emergencies.

4. Avoid major purchases. Tighten up your spending leading up to applying for a mortgage to have as much cash on hand as possible.

5. Know the parameters of your budget. Before browsing listings, speak with a lender to get a sense of what you can afford.

6. Shop around! Request estimates for interest rates and fees from multiple lenders at no charge 30-45 days before you want to buy.

7. Determine your down payment. You may not have to put down 20% if you qualify for certain programs.

Cheers,

Kat