The requirements to secure a mortgage may seem overwhelming, especially if you’re a first-time buyer. But we’ve outlined some simple steps below to get you started on your path to home ownership.
Lending requirements have become more rigorous in recent years, and changes to your credit history, debt levels, job type and other factors could impact your chances of approval. It’s never too early to start preparing to buy a home. Follow these steps and be ready to purchase your next home.