Before you start shopping for your dream home, it’s a good idea to make some preparations

2.1 Build your green file
A green file contains all your important financial documents. You’ll need it to secure financing for your home. The typical green file should contain:

  • Financial statements
  • Bank accounts Investments
  • Credit card
  • Auto loans
  • Recent pay stubs
  • Tax returns for two years

2.2 Check your credit rating
Your credit score will have a huge impact on what type of home you can buy, and at what price. Anything above 620 is considered good. A premium credit score may mean a lower interest rate on your mortgage. Check your credit rating with a credit reporting agency such as:

Equifax, Experian or Trans Union.

2.3 Be Careful With Your Finances
Now is not a good time to make sudden career changes or large purchases. You want to approach home buying from a position of financial stability.

For more information and for any additional questions, please feel free to contact us at any time.

Overview | Decide to Buy | Preparation | Choose a Realtor | Property Search | Contract Phase | Closing