You’ll need funds for a down payment (typically 3%–20%), earnest money (1%–3% of offer), and closing costs (2%–5% of the purchase price). Phase 2: Getting "Mortgage-Ready"
Review reports from major bureaus like Equifax or TransUnion to fix errors and understand your standing. what steps do i take to buy a house
Before looking at houses, ensure your "financial house" is in order to secure the best mortgage rates. You’ll need funds for a down payment (typically
A lender reviews your finances (tax returns, pay stubs, bank statements) to provide a pre-approval letter . This proves you are a serious buyer and defines your exact shopping range. earnest money (1%–3% of offer)