Plan to buy a home in the next year or two? Here are 5 steps to take now to get your finances ready
11 months, 3 weeks ago

Plan to buy a home in the next year or two? Here are 5 steps to take now to get your finances ready

CNN  

New York CNN — Buying a home is likely one of the most complex and expensive transactions you’ll ever make. If you’re buying a home with someone else, the lender may consider the lowest score between you, said Eddie Seiler, an associate vice president at the Mortgage Bankers Association. “The minute they pull your credit score, it is going to what is on my credit card that day,” MBA’s Seiler said. “Because there are many variables that affect an individual consumer’s credit score, we can’t say a specific number of months,” FICO’s Zeibert said. “They look at the average age of,” Seiler said, noting that new credit lines may suggest you’re under financial stress.

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