Ten steps to buying your first home.
To buy a home we need to follow some certain steps inorder to buy the desired home we want. Step 1: Review Your Credit Score duration (1-3days) Your credit score display how you manage debt. An excellent credit card helps get a better mortgage rate for you. You can get a free credit report fromhttps://www.equifax.com/personal/credit-report-services/free-credit-reports/ Step 2 : Gather your financial documents duration (7-14days) Take your financial documents like bank statement and pay stubs. These documents helps you understand your financial issues. Keep your documents in a folder or digital storage. Step 3 : Program your budget Calculate how much you can afford to build a home. Knowing your budget helps you on how to program yourself and to avoid overspending. Consult a financial advisor. Step 4: Get a pre-approval for a mortgage. Visit a lender to approve a specific loan amount for you. Pre-approval gives you an advantage when making an offer. Apply for pre-approv...