Many new homebuyers jump into the home buying process without first checking their credit scores, which can lead to sticker shock or disappointment when trying to qualify for a mortgage.
Buying a new home requires many decisions, both big and small. One (hopefully) small item with a big impact is mortgage interest rates—what you’ll be paying to borrow money for a home loan.
A mortgage, a loan provided by a mortgage lender or a bank is an important tool for buying a house, allowing you to become a homeowner without necessarily making a large down payment.