Assumptions and Disclaimer
Buying a Home
Your credit report determines not only the likelihood of whether you will be approved for a home loan, but also the interest rate you will be charged.
Is My Credit Mortgage-Ready?
Interest on a mortgage can add up to hundreds of thousands of dollars over the life of the loan. Typically, the higher your credit score, the lower your interest rate.
See what a lender sees when you apply to buy a home.Get Your Free Credit Report and Score Now
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Run Your Numbers
Have a monthly payment in mind that you do not want to exceed?
This calculator gives you an idea of how much you can afford based on what you want to spend each month.
Tips to Consider Before Applying for a Home Loan
- Know your credit. The better your credit, the higher your chances of securing the best rate and terms.
- Don't change jobs. When qualifying for a loan, lenders look at your last two years of employment as well as your income. It's best to avoid switching jobs or gaps in employment.
- Continue to save. Experts suggest the number one reason potential home-buyers fail to qualify for a new home loan is because they lack assets and savings.