SAVE: You need money for a downpayment. If you qualify for certain programs with a lender you can put as little as 3.5% down on a home. Remember you will also need about 2% extra for closing costs and unexpected fees.
IMPROVE: Your credit score is important!! Ensure you’re paying bills on time, keeping debt low and watching your score. It’s okay and totally normal if you need a little bit of time to boost your credit score or even build it up – just make sure you’re paying attention to it.
CALCULATE: Using online calculators is a good step to get a “rough” idea of what you can and what you want to afford. When you are ready to buy, reach out to a mortgage advisor to refine your calculations and learn how much a bank will loan you for a home. Understanding your real monthly payments helps you house shop within your budget.
CHOOSE: Time to start looking for a Real Estate Agent! Ask friends and family members who they recommend. Look online and do your research!