How Do You Apply For A First Time Home Loan?
Many first-time buyers are overwhelmed by the process of purchasing a home and obtaining a mortgage. However, armed with a few pieces of information, a first-time home buyer can find the process to be easier than expected. Come prepared to a meeting with a mortgage loan officer, and you will be welcomed with open arms. Here are a few tips on how to apply for a first-time home loan. Check your credit before applying for a mortgage. Use a free service, such as AnnualCreditReport.com, to make sure that there are no errors on your credit report. You will be asked to provide your full legal name, Social Security number, date of birth and credit card information. Checking for errors will ensure that you have the highest possible credit score going into the process, and that you will get the best possible rates. Save up funds for a down payment. Some states and areas have first-time home buyer grants to help you with this process. Ask your mortgage lender about available programs before secur
