Collect W-2s, tax returns, and bank statements.
Number of bedrooms, yard size, or garage space. how to start preparing to buy a home
Avoid opening new credit cards or buying a car. 💰 Step 2: Build Your "Home Fund" Down Payment: Aim for 3% to 20% of the home price. Closing Costs: Budget 2% to 5% of the loan amount for fees. Moving Costs: Save for trucks, boxes, and initial repairs. Collect W-2s, tax returns, and bank statements
Buying a home is likely the largest purchase you will ever make. Starting early—ideally 6 to 12 months before you want to move—gives you the best chance at a smooth process and a lower interest rate. 🏦 Step 1: Audit Your Finances Before looking at houses, you must look at your data. 💰 Step 2: Build Your "Home Fund" Down
Dispute any mistakes on your credit report immediately.
Aim for 620 minimum; 740+ gets the best rates.
Be realistic about what your budget buys in the current market.