There is a lot to think about when considering a new home. Feeling overwhelmed and confused is easy, but don’t let emotions take over to the point of falling into some avoidable traps. Here are eight home buying tips to consider before entering the market. 1. Know your credit. This will be a large basis for the mortgage you will need to purchase your new home. By contacting the three major credit bureaus you can obtain a copy from each. Both your score and your payment histories will be in question. Typically for the very best mortgages a score above 660 and no late payments in the past 12 – 24 months will be required. 2. Know your budget. Mortgage companies will have the final word on how much you are qualified for. But knowing what will be comfortable to you is most important, particularly when mortgage companies qualify you for more than you may be comfortable paying each month. If there is any home buying tip you take from your research, let it be the phrase ...
from 411HomeRepair.com https://www.411homerepair.com/diy/real-estate-finance/10471-8-Great-Home-Buying-Tips.html
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