Home Affordability Tips

So you're looking to buy a home soon or in the near future? What affordability steps should you take:

Start Saving Money:

You will need at least 5% down and another 5-6% of the home purchase price for closing costs.
Maintain Good Debt Ratios:

It's called the 28/36 rule - it measures the amount of total debt-to-income that lenders will approve. The higher the ratio, the less likely you will be approved for best financing.
Clean Up Your Credit Report:

The higher your credit score, the lower your financing costs.