Tips for HomeBuyers: Be credit-ready.
There's a lot of competition out there for homes, so tarry not. Get your credit report and start repairing any blips. If
your scores are below 620 or so, a conventional loan will be a challenge. But if they're under 740, you still might not
get the best rates. Many buyers get a prequalification letter from the lender, but you can one-up them with a
preapproval, which comes after a more thorough evaluation of your finances. A preapproval letter shows the seller that
you're good to go and can close quickly.
Was this article helpful? Yes -0 No -0 11