What Every First-Time Buyer Should Know
Congratulations! You’re buying your first home, grabbing part of the American dream, and building wealth over time.
But buying your first home can be confusing and anxiety provoking. What features are must-haves, and which are someday dreams? What do you need to get a mortgage? These guidelines will make the process easier to navigate.
A little research and prep can go a long way to getting you through the homeownership door with minimum stress.
Make sure your credit is in good shape. The better your credit score, the better your chance of getting a lower-rate mortgage. Check your credit report for mistakes and for any credit problems you can correct. You can get a free report from each of the three credit bureaus once a year at annualcreditreport.com.