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6 must-do's before buying a home

Mortgage Trends » 6 Must-Do's Before Buying A Home

6 must-do's before buying a home
6 must-do's before buying a home

You might be ready to buy a home, but are you armed with the knowledge you need? Do you know about credit score requirements? Are you familiar with flexible standards on Federal Housing Administration loans?

Whether you are a first-time homebuyer or an experienced owner, buying a house requires a "preflight check," in the words of Barry Zigas, director of housing policy for the Consumer Federation of America.

Here is a six-item checklist, including tips on two types of savings you need, plus advice about what's more important than buying a house for its resale value.

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