If you are considering buying a house, especially if it is your first time, you will want to follow these basic guidelines to save yourself headaches, confusion, and perhaps a good deal of money:
- Know Your Credit Rating
How much money you can borrow and how much it will cost you will depend heavenly on your credit score. Contact one of the three major credit agencies, Experian, TransUnion or Equifax to get a complete credit report. A print out of this, especially if it is good, will be a useful document to have. If there are mistakes in your credit record each of these agencies have ways for you to dispute or amend that info. You may also use one of the many online services that provide your credit info to you, but often this is a simple score without much detail.