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Overwhelmed with the idea of buying a home? It can be a lot to handle, so try thinking of home-buying like dating. It's a process that's sometimes frustrating, but ultimately you'll be glad you held out for "the one." Here are some things to remember.
Make sure you're worth the investment.
"Are you homeowner material" is kind of like, "Are you boyfriend or girlfriend material?" Banks, like dates, aren't going to take a chance on someone they don't see a future with. That means a credit score above 600 will increase your chances of getting approved for a homeowners loan.
It'll cost you money.
Think of it as a "wine and dine" process – you're going to have to woo a loan program with a down payment 3.5 to 20 percent of the price. After that,...
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