Don’t forget to check your credit score to avoid any nasty surprises further on down the road. Lenders will use the information on there to decide how much they can lend to you and also how much interest they will charge on your first time mortgage. If you have any debts that you had forgotten about, such as an old credit card bill, pay it off now, before you apply for a mortgage.
Make sure this is the right time for you to buy – don’t get swept away with the excitement of it all. It’s far better to take time to think about things thoroughly now, than regret it later. All the above pointers will show your lender that you are a serious buyer, and are aware of the consequences of obtaining a first time buyers loan.
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