
Buying a home is an exciting journey, but preparation is key to making it a smooth process. Here are five essential steps to take before you buy:
Check Your Credit Score
Ensure your credit score is in good shape.
Correct any errors on your credit report.
Pay down outstanding debts to boost your score.
2. Save for a Down Payment
Start saving early to meet the down payment requirement.
Explore programs like those offered by OHFA for assistance.
3. Get Pre-Approved for a Mortgage
Secure a pre-approval letter to understand your budget.
Compare mortgage rates from different lenders.
4. Determine Your Budget
Calculate how much you can afford, including taxes and insurance.
Factor in other expenses like maintenance and utilities.
5. Research Neighborhoods
Look into different areas to find the best fit for your lifestyle.
Consider factors like schools, amenities, and commute times.
Taking these steps will set you up for success and make your home-buying experience more enjoyable.
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