New year’s resolutions for home buyers is one set of resolutions you won’t want to let fall by the wayside if your goal is to purchase a home in the coming year.  There are a few things you can do in the interim before you start the process to help ensure everything goes smoothly and to set yourself up for success. Here are some practical resolutions for you to consider if you’re planning on buying a home!

Work on Your Credit Score

Your credit score plays a crucial role in the purchasing of a home and if it is not where it should be, make a resolution to improve it. Creating a goal to improve your credit score, and figuring out what steps you need to take, can have a huge impact on your home buying experience.

You can start by pulling your credit report to see what your score is. Once you know, then you can take steps to improve it. Do you need to make a few extra payments on your credit card? Do you need to pause credit card spending for a little bit? Determine what you need to do to improve your credit score, and then get started!

 Avoid Large Purchases

One common mistake that we often see with eager buyers is they will make a large purchase, such as buying a car or furniture for the new house, right before they start the home buying process. While purchasing these things is not necessarily bad, your credit score can be affected.

If you can, hold off making any large purchases and refrain from taking on large amounts of debt prior to the closing of a new home loan. This is an excellent tactic to avoid any unexpected hiccups during the process, and you can buy the home of your dreams with confidence.

Your Home Buying Resolutions Will Make All the Difference

The journey to purchase a home starts with the decisions you make in your everyday life. The new year is the perfect opportunity to put effort into this goal, and it will be well worth it in the end.

The new year’s resolutions for home buyers article is a great place to begin.  We are happy to connect you with a trusted lender to help you purchase the home of your dreams. Whether you are just learning about what the initial steps are or are wanting to start the pre-approval application, we want to make the buying process as easy and stress-free as possible. Learn more by contacting me here and following me on Facebook and Instagram.