If you think you are ready to buy your first home, the first step is to get all of your finances in order. The next step after that is getting pre-approved for a mortgage (hence, the first step). In order to get a mortgage at all, you have to make yourself an appealing borrower. You have to make sure your lender knows that you can stay employed, pay your debts, and pay your bills on time. For a list of rookie mistakes that will cost you big when applying for a mortgage, check out this post at Bustle:
-Not putting down enough of a down payment
-You didn’t do the math- make sure you really know how much of a home you can afford!
-You didn’t check your credit. Possibly worse: you have no credit at all.
-You have way too much debt