One of the most important things and something that all home buyers need to be aware of is your credit score. It can truly kill the home buying process, so make sure you have a strong score moving on. As a rule a 700 credit score or better is ideal to get the best rate from a lender. Many times you can get your credit report for free online. You will want to see what you can fix on your credit report before a lender takes a look at it.
Your budget in this process is key, you won't be able to go far without having a budget in mind. Make a check list of the things that you need in the house and make sure that your money comfortable for the home. Do some searching around the area to make sure you are getting a good mortgage on the house your interested in.
Take some time and find your dream home and make sure you have money coming in. Money can't always buy you your dreams but it can buy you a house you love. Getting pre-approved for a home loan will also help you get an upper hand on the sellers. Because they will know your a serious buyer and can put down money being pre-approved.
Buying a house is like getting married with all the decision making and planning you want to make sure you will be married to the house. Its honestly a decision making process and you need to know what you don't and do want. Having a check list will be your savior.
Having 20% down on the home will allow you to get the best interest rate. You want to have your finances in a row. The more money you have available the better off you will be. Remember when you put down money the more you put down at first the lower your mortgage will be.
Everyone wants to have a small mortgage payment and you can too. Just have a plan and work your plan.
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