First steps to Home Buying - getting started!
So, this inquiry may be more popular on the internet than those interested in selling. In my opinion, it's a little more complex to explain than the selling process but I plan to simplify it the best I can for you. Let's dive into how to get started when you're interested in buying a home. First and foremost, know your credit score! In my professional opinion, mortgage lenders like to see scores around 620. If your credit is well below that, there are a ton of websites and professionals that can help you with tips and suggestions on how to improve your score. Reality is, you'll then have to wait until your score has gotten better before continuing the home buying process. Once your clear on what your score is, figure out what you can afford and what you're comfortable with when it comes to paying a mortgage every month. Good news is, if you're currently renting and paying $1500 a month for a 2-bedroom apartment, your monthly mortgage payment could potentially ...