: Lenders use this to set your interest rate. A higher score (740+) typically secures the best rates.
: Use the 28/36 rule —housing costs shouldn't exceed 28% of your gross monthly income, and total debt shouldn't exceed 36%. what to do when buying your first house
Once you have your pre-approval letter, you can start hunting with a clear "needs vs. wants" list. 10 First-Time Homebuyer Mistakes To Avoid - Bankrate : Lenders use this to set your interest rate
: Start collecting your last two years of tax returns, W-2s, and recent bank statements. 3. The Search and Offer Phase Once you have your pre-approval letter, you can
: This is a lender's commitment to lend you a specific amount. It proves you are a serious buyer and helps you avoid falling in love with a home outside your budget.
: A good agent helps you navigate negotiations, handle paperwork, and find up-and-coming neighborhoods.