Preparing to Buy
Get financially and mentally ready before you start shopping.
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The more prepared you are before you begin house hunting, the smoother and more successful your buying experience will be. This step is about getting your finances, expectations, and priorities in order so you can make strong, confident offers when the right property comes along.
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Check and Strengthen Your Credit
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Request your free credit report from all three major bureaus.
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Correct any errors and pay down existing debt where possible.
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Avoid opening new credit accounts or making large purchases before buying.
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Review Your Budget and Savings
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Determine how much you can comfortably spend each month on housing.
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Factor in property taxes, insurance, HOA fees, utilities, and maintenance.
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Make sure you have enough for your down payment, closing costs, and an emergency reserve.
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Get Pre-Approved for a Mortgage
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Contact a trusted lender for a pre-approval (not just a pre-qualification).
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Understand how much you can borrow and what loan programs you qualify for.
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Compare loan options such as conventional, FHA, VA, USDA, and jumbo loans.
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Gather Financial Documentation
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Recent pay stubs and W-2 forms (or tax returns if self-employed).
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Bank statements for the past 2–3 months.
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Proof of assets (savings, retirement accounts, investments).
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Records of any debts or liabilities.
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Avoid Common Financial Mistakes Before Closing
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Don’t change jobs, unless absolutely necessary.
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Don’t finance large purchases (cars, furniture, etc.).
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Keep your credit activity steady and predictable.
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Define Your Home Search Criteria
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Make a list of must-have features and nice-to-have extras.
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Decide which locations and neighborhoods you’d like to target.
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Consider school districts, commute times, and lifestyle amenities.
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How I’ll Help You Prepare
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Recommend trusted lenders and help you compare mortgage options.
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Provide a pre-buying checklist so you’re ready to move quickly.
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Guide you in setting realistic expectations based on current market conditions.
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Connect you with professionals for credit repair, financial planning, or down payment assistance if needed.
💬 FAQ Options – Preparing to Buy
Why is pre-approval important before shopping for a home?
It confirms your budget, strengthens your offers, and shows sellers you’re serious.
What documents do I need for a mortgage pre-approval?
Usually pay stubs, W-2s, bank statements, and tax returns. Self-employed buyers may need additional paperwork.
How much should I save for a down payment?
It varies, but many buyers put down 3%–20% depending on the loan program.
Should I pay off debt before applying for a mortgage?
Yes, if possible—lower debt improves your debt-to-income ratio and can increase your approval amount.
How much should I save for closing costs?
Closing costs are typically 2%–5% of the purchase price.
Can I buy a home without a large down payment?
Yes—loan programs like FHA, VA, and USDA offer low or no down payment options for qualified buyers.