Getting Ready to Buy a Home
Many people who are looking to purchase a home wonder what they need to do to get prepared. There are a few things you can do to get your financials in good shape so you can get the loan you need for the home you want.
- No Large Credit Purchases: Opening a new line of credit or putting a large balance on an existing credit card can have a negative impact on your credit score.
- No Large Cash Purchases: Try not to make any large cash purchases that will reduce the amount of your bank account.
- Pay Your Bills On Time: This may seem obvious, but if you are planning to purchase a new home it is important to continue to pay all of your bills on time. Having a recent late on your credit score can lower your credit score and affect the rate you can qualify for.
Following these simple tips will help you get your financials in good shape so you can find your new home. When you are ready to start looking give me a call!