Buying A Home — What To Know When

: Sellers often require a pre-approval letter to consider an offer, especially in competitive markets NerdWallet .

: Lenders often use the 28/36 rule , where housing costs should not exceed 28% of gross monthly income, and total debt should not exceed 36% Rocket Mortgage . what to know when buying a home

: Always hire a professional inspector to check for structural issues, electrical safety, plumbing, and roof condition Travelers . : Sellers often require a pre-approval letter to

: Your score directly impacts your interest rate. Check your reports for errors and aim for a score of 620 or higher to qualify for most standard loans Investopedia. what to know when buying a home