Starting The Home Buying Process [ Top 50 Original ]

Lenders use this to set your interest rates. A higher score can save you thousands over the life of the loan.

Visit as many homes as possible to get a feel for different neighborhoods and what your money buys in the current market . Phase 3: The Offer and Closing

Your lender performs a final check of your finances to officially approve the loan. starting the home buying process

Plan for an additional 2% to 5% of the purchase price for legal and administrative fees.

An ensures the home is worth the price you're paying; lenders won't fund a loan for more than the appraised value. Lenders use this to set your interest rates

Before looking at houses, you must look at your bank account to avoid emotional decision-making .

The final stretch takes approximately 30 to 45 days on average. Phase 3: The Offer and Closing Your lender

Non-negotiables like the number of bedrooms, layout, or school district.