2023

How Should First-Time Buyers Prepare To Get A Loan?

Obtaining a mortgage loan as a first-time buyer requires some work. Even if you feel very prepared, it’s wise to take the following 5 steps before filing a loan application. Credit Score Check  Lenders use your credit score to determine how likely you might be to pay. Many lenders consider a rating of around 680 to be the border between a fair and good credit score. If you have a lower score, you may need to pay a higher interest rate.