Booklet
5 Key Things to Keep in Mind if You Are in the Market to Buy a House
5 Key Things to Keep in Mind if You Are in the Market to Buy a House
- Consider your financial obligations and goals. Know how much you can really afford post-taxes. Just because you are pre-approved for it doesn't mean you have to spend it all.
- Have your down payment saved and aim to avoid PMI (Private Mortgage Insurance).
- Have all your financial documents and records in order.
- Know what your credit score is. Work on improving it if needed so you can qualify for the best interest rate possible.
- Prepare for other associated costs e.g. inspection costs, closing costs, moving costs, repair and maintenance costs, homeowners insurance, association dues etc.