It’s important you take some actions yourself:
- Understand your credit rating, and how it impacts your ability to get a loan. You can request your credit report once each year, for free, from the three major credit agencies: Experian, Equifax, and TransUnion.
- Do the right things to help improve your credit rating–what you do now will save you considerable money later. Higher credit scores get better loan rates. CreditKarma.com is free and provides helpful guidance around this.
- Prepare a budget and change your spending habits to increase your savings. That’s an important and fairly easy goal to achieve.
- Knowing what you need in your living environment what’s a must-have and, what’s nice-to-have”will help save you time and energy so you’re not looking at every property that comes available in your budget.
Visit socialownership.org for more information and, when you’re ready, reach out directly to our approved partners to help answer your questions. We and they are here to support you throughout your home-buying journey.