Did you know... 8 out of 10 Americans say buying a home is a high priority for them? However, it’s important to be realistic about what comes with this goal, especially when saving for a down payment and improving your credit score.
First, let’s talk about down payments. Contrary to popular belief, you don’t always need to put down 20% of the purchase price for your home. Some down payments can be as low as 3.5%. Remember to factor in closing costs and maintain your savings.
Secondly, your credit score plays a big role in qualifying for a mortgage. Paying your bills on time and having different types of credit can help improve your score. It’s important to take these steps before applying for a mortgage.
Remember, buying a home is a big decision, but with the right preparation and guidance, it can be a great investment in your future. Ready to take the next step? Let’s connect.