It can be stressful buying a home, but if everything works out well, it can also be an exciting experience. Make sure you play your cards right so you can get into the house you want.
Stick With Your Work
One of the keys to getting approved for a mortgage is showing the lender that you have employment longevity. The longer you’re employed at the same company, the better chance you have of getting the loan. Also, never change jobs during the loan application process.
Save Some Money
Be prepared for the lender to ask for anywhere between 3 percent and 20 percent down. You also have to factor in closing costs, which could be several thousand dollars.
Your dream home awaits. Do these two things, and getting approved will be easier.