If you are thinking about buying a house, getting your finances in order should be at the top of your checklist. Although standards fluctuate, if you want to get a good rate, your credit score should be at least 720. Spend a few years:
- Paying off debts
- Updating your credit report
- Making payments on time
- Increasing your income
- Building up savings for the down payment
Once your finances are in better shape, it’s time to get organized for a home purchase. This involves choosing a loan type, shopping for a loan, and getting a pre-approval letter from your lender.