EMPOWERING HANDBOOK FOR BRAVE BUYERS
Exciting times indeed! Effective planning is essential for a rewarding home-buying experience. I will guide you to achieve the best possible outcome as you embark on this journey. To secure favorable loan terms and interest rates, and safeguard yourself from financial strain and the risk of default, it is vital to focus on maintaining a high credit score, managing expenses sensibly, adhering to a budget, and sustaining stable, long-term employment. These elements not only signal financial reliability and prudence to potential lenders, but also bolster your creditworthiness and approval prospects. Without them, you could find yourself needing a larger down payment of 20%-30% to offset heightened lending risk, thereby constraining your purchasing options and exacerbating your financial burden. Building an emergency fund before purchasing a home is paramount. This fund will provide a safety net for unforeseen expenses or job loss, enabling you to meet mortgage obligations without undue financial strain. It is crucial to have this buffer in place to shield yourself from unexpected circumstances and uphold your financial stability. An emergency fund equips you to tackle unforeseen challenges while confidently managing your financial responsibilities. By having this safety net, you gain peace of mind knowing that you have a cushion to rely on in the event of unexpected...