Once you've evaluated what your spending will bolster, consider having cash naturally saved from your paycheck or financial balance to a bank account to make it less demanding and more advantageous to set aside cash every month. A record like Discover Bank's AutoSavers Plan can enable you to begin sparing today.
Having a good credit score puts you in a position to attract the best deal on your home loan. So it’s a good idea to obtain a copy of your credit report before starting the home buying process. You will see what your credit profile looks like to potential lenders and can then take steps to improve your credit score if necessary.
When you apply for a mortgage, you will need to provide your lender with a number of financial documents. Having these documents already assembled will help accelerate the processing of your loan application. At a minimum, you should be prepared to provide your last two pay stubs, your most recent W-2, your last two years of tax returns, and current bank and brokerage statements.