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Daydreaming about buying a home is one thing – preparing to purchase, however, is another.

Before you jump the gun and reach out to an agent, it’s important to know where you stand in terms of finances and what features of a house matter more to you than others.

Know Your Credit Score

It might be good to consider knowing your credit score before you start your home and loan search. You can request a free copy of your credit score from Annual Credit Score or Credit Karma.

But remember, keep inquires to a minimum, or talk to your lender beforehand.

Know Your Numbers

How much home can you afford? Before you make an offer, consider the cost of your mortgage payment as well as homeowners’ association dues, taxes, and insurance.

These user friendly calculators from Bankrate and AmeriTitle will help you run the numbers and stay informed while you make important decisions about your home purchase.

• How much home can I afford?
• How much will my monthly payment be?
• How much are closing costs?

You’ll want to be preapproved by a lender first, before you talk to an agent. This will help you and your agent know where you stand in terms of finances. Check out our mortgage shopping how-to article here.

If you want more real estate news, be sure to check out AmeriTitle’s Blog!