1. Only buy a house if you plan on staying – Buying a house is a big commitment and if you plan on only staying for longer than 3-5 years than it is a great investment. If you only plan on living there for under three years, than the transaction costs of buying and selling would not be worth it.
2. Look into your credit history – You will need to apply for a mortgage and the credit union or bank that you apply with will do a credit check, so why not look into your own credit history first and fix any potential or existing problems.
3. Get Pre-Approved – Getting yourself pre-approved will save you the heartache of falling in love with a house you cannot afford and it will put you in a better position to make an offer when you are ready. Read More