Steps To Take Before Buying A Home -

Your score determines your mortgage interest rate. If it’s low, spend 6–12 months paying down debt to boost it before applying. [2, 3]

Typically 2%–5% of the home’s purchase price. [5] steps to take before buying a home

Before you get emotional at an open house, list your non-negotiables: Your score determines your mortgage interest rate

A pre-qualification is an estimate; a is a lender’s written commitment to loan you a specific amount after reviewing your tax returns and pay stubs. [6] In a competitive market, most sellers won't even look at your offer without one. [2, 6] 4. Build Your Team [5] Before you get emotional at an open

Check for local or state programs that offer or tax credits. Many buyers leave money on the table simply because they didn't ask what grants they qualified for. [6]

Don’t drain your savings. You’ll need a "house emergency fund" for the inevitable leaking water heater or broken AC in month two. [1] 3. Get Pre-Approved (Not Just Pre-Qualified)