If you’ve been thinking about buying your dream home, have you thought about what it will take financially for you to make it happen?

Do you know your credit score and what you can afford to spend? A low credit score could keep you from buying that home, or it could make your interest rate higher than you’d like.

Along with a good credit score, you need a low debt to income ratio. Check these two items out, and if the numbers aren’t where you’d like them to be, start working on improving them now.

Make sure you have no late or missed payments on credit cards or large purchases. Always pay more than the minimum required on credit cards and get them paid off as soon as you can. Also, don’t purchase any expensive items, such as a new car or truck, prior to applying for a loan. A large purchase will definitely have a detrimental effect on your score.

When your finances are in good order, then you can search for the perfect home. With a new home and no other debt, you’re sure to be a happy homeowner.
Contact Stacey Driver Real Estate with all your questions, needs and wants, and an experienced Realtor will help make your dream a reality.