Preparation

Before you start searching for your new home, it's a good idea to make some preparations:

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:

• Financial statements
• Bank accounts
• Investments
• Credit card
• Auto loans
• Recent pay stubs
• Tax returns for two years

2.2 Check Your Credit Rating
Your credit score will have an enormous impact on what type of home you can buy, and at what price. Anything above 620 is considered good. A premium credit rating 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.

For further questions on preparing to buy a home in Boston, contact Boston Choice Properties.