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The simple answer is yes, you can. And we’re here to help you do it with ease. First things first: you need to figure out if you’re mortgage ready. Let’s address some of the basic things you need to get in order before you start the process.

Here’s what you need to think about.

You’re going to need some funds

No, we’re not talking about using a credit card. Your down payment has to be in verified funds. The more funds you put toward your down payment usually results in lower monthly mortgage payments.

Verified funds |n.| A trackable form of payment”

Another reason for putting down more funds upfront is the possibility to forego purchasing mortgage insurance. It’s one less expense to worry you. The minimum down payment to eliminate mortgage insurance is 20 percent.

Contact a loan officer

Now, it’s time to contact a loan officer in your area. Remember that down payment? Figuring out how much you need for it is easier with the guidance of a loan officer. You may be able to find a great one here.

A loan officer will be able to help you calculate how much you can afford in a monthly payment and get you started on your home buying journey.

Your credit score is important

Your credit score plays hand-in-hand with buying a home. Your ability to control your debt shows you can handle a loan and that’s what lenders are looking for the most.

One of the first financial aspects lenders such as Movement review is your credit score. Your credit score can help determine if you can afford a mortgage because it shows – to a degree – how responsible you are with money.

When it comes to planning and buying a home, patience is key. Understand that it is a process, but with the right guidance, it’s a process you can enjoy.

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About the Author:

Lindsey Wagnon

Lindsey Wagnon is the Marketing Communications Manager at Movement, meaning she communicates and manages related to all the marketing things. While she's a decent writer, she excels at making ugly smoothies and killing her desk plants. In addition to editing freelance work and organizing content calendars, she runs marathons, sings and does a lot of church stuff alongside her pastor husband, Philip. And of course, her favorite role is as mommy to toddler Cora Lively.