Okay, it’s true. I can’t say just one word about anything. But one of our Facebook followers messaged Suna and asked us to write a post about buying a first home.
While many factors weigh into the decision of whether or not to buy a home (and I’ll deal with those elsewhere), the most important criterion is your credit score. Most of us simply can’t afford to pay cash for a home, especially in hot urban markets, and lenders often use your credit score to quickly determine whether or not they want to spend the time, effort, and money it takes to process a mortgage loan application.