Ample inventory, low mortgage rates and motivated sellers – all these key elements are present in real estate markets across the country, indicating it’s still a great time to buy a house. If you’re thinking of buying a house – whether it’s new or existing, your first home or your fifth – you can help ensure you get the best possible deal by doing a few things before you get down to serious shopping.

1. Check your credit

You might think that getting pre-approved for a mortgage is your first step in home-shopping, and it is an important one. But before you talk to a potential lender, you should check your credit report and score – because the mortgage company certainly will. Your credit score is a reflection of your credit status, and one that potential lenders will consider when assessing your credit worthiness. Knowing your credit standing can make you better prepared to secure the best possible conditions and rates for a home loan.

It’s a good idea to monitor your credit for a while before making a move to apply for a mortgage. Websites like allow you to access your credit score when you enroll in credit monitoring. By monitoring your credit, you’ll be able to see how changes in your credit report can affect your score, and you’ll receive credit score alerts whenever your score changes.

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Military Press

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