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5 To-Dos Before Buying a Home

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5 To-Dos Before Buying a Home

Posted On: February 20, 2019 by Bank of Louisiana in: Budgeting, Mortgage, Personal Finance, Savings

Are you about to begin the hunt for your future home? We understand that the home buying process can become overwhelming, which is why we’d like to offer you a little insight. Start your home buying journey off right by completing this checklist! Strengthen your credit. A 620 FICO score means you can get a mortgage, but that doesn’t mean you’ll want to. According to recent data from, someone with the minimum credit score can expect to pay over $82,000 more in interest over the life of a $250,000, 30-year mortgage than a person with a 760-plus score. Working on making your credit higher, such as paying bills on time, will help lower your interest and save you some big bucks. Speak with your local Loan Officer. This is a very important step, and sadly, it’s often not done until after the process has begun. Meeting and opening a dialogue with a Loan Officer can help you understand the loan products that are offered, the banks