January 24th, 2013 2:16 PM by Michael and Jill Kohler
Before you decide to buy a house and get a mortgage, think of these tips. Make sure you make your payments on time in the months preceding your initial mortgage application. Make sure you keep saving towards your down payment. Save as often and as much as possible. Those tips will help you in the right direction of maintaining your credit score. As far as the “don’t tips,” make sure you don’t make any big purchases while you are in the process of obtaining a mortgage. Make sure you don’t just get pre-qualified but get pre-approved. Lenders will be able to pull credit reports, check ratios for your debt-to-income and perform some underwriting steps.
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