What is the first step to buying a home? Well, the only correct answer is to get yourself qualified first. Getting qualified will tell you quite a few things about your home buying power like what kind of payment can you afford, how much of a house can you purchase, what kind of down payment must you come up with etc. The first step to getting qualified is to get pre qualified.
To start the prequalifying process you will need to get a copy of your credit report. You need to find out what is on your credit report because if your credit report has problems with it, you are not going to get a mortgage no matter whether you have found a home or not.
In today’s day and age with all the problems with Identity theft, broken relationships, lossed jobs etc. a lot of people have problems with their credit report and they do not even know it. If your credit scores are to low to qualify then there are processes like credit repair that can help you increase your scores by improving your credit report.
Once you have your credit report then you can proceed with talking to a mortgage lender to find out how much you qualify for. Once you know this information then you can start the home search with a real estate agent.