Most of us need to take out a mortgage to buy a home, which means we’ll need pay down debt and save money to buy our dream home.
The higher your credit score and the lower your debt-to-income ratio, along with a healthy down payment, means you’ll typically pay less for a mortgage and have a better chance to buy your dream home.
4 Money Mistakes
Here are 4 money mistakes that could keep you from saving for your dream home by Vera Gibbons on Zillow.com. Of course this list isn’t exhaustive, but it serves to remind us that doing the simple things are important when working toward buying a home.
- Not having a budget.
- Failing to maximize tax breaks.
- Thinking small changes don’t make big differences.
- Forgetting to redeem rewards.
Read the Zillow.com article: 4 Foolish Money Mistakes You Should Avoid.