When buying a home, getting your finances in order helps you establish a budget, which is the all important first step. You’ll need to check with a lender to see what size loan you are qualified for.
You’ll need to know
- Annual income
- Cash available for a down payment
- Other home loans
- Other loan balances (Vehicles, etc…)
- Credit card balances
- Other factors affecting your income (Tax payments, dividends, etc…)