When interest rates are this good, a lot of people feel the need to rush their home buying ventures. However, getting a mortgage is an involved process. You are not going to find the perfect home and be able to get a mortgage the next day. Here are some tips to make sure that you ready to be preapproved for a mortgage!
- Look at your credit score. Make sure that it appears to be accurate. Are there any unpaid debts on there that shouldn't be? Are there inconsistencies that you need to look into? Be sure to start taking care of any potential issues now.
- Work on paying off your debt. You won't be disqualified if you have some debt, but creditors won't approve you for a mortgage if you have too much. Start paying off as much of your debt as possible