If you’re in the early stages of planning to buy either your first home or your next home, having the right people on your side is your first step, and you have come to the right place! Even if you have purchased a home before, the home buying process can be intimidating, and at ETown Mortgage Team, we will guide you, and make the process stress free.
What is your credit like?
Having an established credit history is extremembly important when applying for a mortgage. For your credit to be considered established, you should have a minimum of two trade lines (credit cards, loans, or lines of credit) with a minimum limit of $2500, reporting for at least two years. Too much debt can also impact your credit and limit your borrowing options.