Build your green file: A green file contains all your important financial documents. You’ll need it to secure financing for your home. The typical green file should contain:
Check your credit rating: Your credit score will have a huge impact on what type of home you can buy, and at what price. Anything above 620 is considered good. A premium interest rate may mean a lower interest rate on your mortgage. Check your credit rating with a credit reporting agency such as: Equifax, Experian or Trans Union.
Be Careful With Your Finances: Now is not a good time to make sudden career changes or large purchases. You want to approach home buying from a position of financial stability.
Next Step: Choosing a Realtor