Buying your First Home,you might have an idea how much home you can afford based on your Income, but a little more than that goes into the equation.
It is Best to get Pre-qualified or Pre-approved first with a reputable lender,who will will determine how much home you can afford,the lender usually ask your permission to look at your credit,after reviewing your credit report,credit score and your Income,Debt to rate ratio.
The Lender then issues you either a Pre-qualified letter or Pre-approval Letter stating how much you have approved for. or let you know what work you would need to do to get your credit score up.
Your credit score will also have a bearing on you interest rate. A higher credit score will get you a better interest rate.
Now Call that Realtor and start home Shopping.
Errol Stewart 678-994-7691 email firstname.lastname@example.org