🏗️ Phase 1: The Financial Foundation (6–12 Months Out)
: Correct errors and avoid opening new lines of credit (like car loans) which can tank your score. The 20/30/40 Rule : Use this for a healthy balance: preparing to buy a house
: Pull reports from Equifax, Experian, and TransUnion. 🏗️ Phase 1: The Financial Foundation (6–12 Months
: Keep a 40% income buffer for savings and other life goals. preparing to buy a house
: Lenders prefer a Debt-to-Income ratio below 25-36%. Pay down credit cards to below 1/3 of their limit. 🏠 Phase 2: Defining Your "Must-Haves" How to Prepare to Buy a House in 6 Months
Before looking at a single listing, you must prove to lenders that you are a "safe bet".