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How to Prepare Your Credit for a Mortgage

How much more do you think the person with the poor credit score will have to pay? 1. Monitor your credit score. Then, identify areas of your credit history that need work, make steps to improve and continually monitor your progress. 2. Pull your credit reports and dispute errors.

Home Buying 101: How to Get a Mortgage

Most homes are bought with mortgage loans, which let you buy property and come with tax-deductible interest. If you’re in the market for a new home, especially if you’re a first-time homebuyer, take some time to learn the ins and outs of mortgage financing so you know what to expect. You’ll also need documentation of liquid assets, cash in the bank, as well as credit history and current income.