Isn't it time to get prequalfied for a mortgage
1. Assess Your Financial Health
Credit Score: Check your credit score (usually 620 or higher is required, though higher scores get better rates).
Debt-to-Income Ratio (DTI): Calculate your monthly debt payments compared to your gross monthly income (lenders typically prefer a DTI below 43%).
Savings: Ensure you have enough for a down payment (typically 3-20%) and closing costs.
2. Gather Financial Information
Lenders will need the following:
Proof of income (pay stubs, tax returns, W-2s/1099s).
List of assets (savings, investments, retirement accounts).
Details of current debts (credit card…
The skinny
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