Renters may think that they are finally in the position to buy their first home, looking forward to enjoying many benefits with their first home, including the ability to establish equity and make upgrades to a property to better meet specific needs. Families often appreciate the ability to have pets, entertain in their backyard and spend quality time as they see fit in and around their property.
However, the path to homeownership may not be easy. It is important to be financially ready to buy. Even with a sizable down payment, the majority of potential buyers will need to take out a home mortgage loan from a reputable lender. Credit scores and credit history are important factors influencing the approval process. A good credit score may also be
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