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Prepare for Homeownership
Before you take the home buying plunge, there are steps you can take to simplify the task.
- Check your credit rating. Straighten out any errors before its too late.
- Determine a comfortable monthly budget for your new purchase, including down payment and monthly payment.
- Find a loan program that meets your needs and get pre-qualified (preferably pre-approved).
- Choose a Realtor that you trust and who understands your needs.
- Determine what neighborhood best matches your needs.
- Identify important features you need your new home to have.
- Don't buy a car, furniture, or appliances. Don't apply for credit cards. Your monthly debt ratio affects your monthly house payment the lender allows.
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