STEP 3: Once you have the required credit score, savings for a down payment and a list of all your outstanding debt obligations via your credit report, you can assess whether you are ready and able to purchase a home. It’s important to have a sense of how much you can reasonably afford—and how
Home Buyers Guide – Save Up for a Down Payment & Closing Costs
STEP 2: The next in preparing for your home purchase is to save up for a down payment and closing costs. Down Payment When you purchase a home, you typically pay for a portion of it in cash (down payment) and take out a loan to cover the remaining balance (mortgage). Many first-time
The Home Buyer’s Guide to Getting Mortgage Ready (Series)
Don’t wait until you’re ready to move to start preparing financially to buy a home. If you’re like the vast majority of home buyers, you will choose to finance your purchase with a mortgage loan. By preparing in advance, you can avoid the common delays and roadblocks many buyers face when