Buyers Road Map
Preparation
2.1 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:Bank accountsInvestmentsCredit cardAuto loansRecent pay stubsTax returns for two years
2.2 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.
2.3 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.
700 East Broadway
South Boston, MA 02127
617-269-1000
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