What Should You Do in 2025 To Get Preapproved in 2026? – Stress Free Mortgage

If you are thinking about purchasing a home next year, here are some things that you should prepare for before starting your search.

First, order a credit report on your own to see where you stand. Often, people will be sent their “credit” via their own credit card companies, and those are not the most accurate in terms of buying a home. You can obtain a free annual credit report from https://www.AnnualCreditReport.com. It won’t be a mortgage credit report, but it will let you know if there is something affecting your credit that you are unaware of, such as a medical collection or any late payments. Also, to maximize your credit score, you want to try to keep your credit card balances at 30-50% of the credit limit.

Next, if you haven’t already, you should create a budget for your monthly set expenses. This will help you to see what is left over for a new mortgage after you pay your monthly bills. Keep in mind that this is NOT what we look at as a lender, this is for you to manage your own household expenses.

Also, be aware that purchasing a home and renting are different in terms of taxes. With a mortgage, you can deduct both interest as well as property taxes, which can ultimately lower the amount of the taxes you pay. To accomplish this, you can adjust your paycheck by altering the number of dependents to get more monthly income instead of getting a refund back when you file taxes. This way, you will have more money coming in to pay a monthly mortgage payment.

Call Stress Free Mortgage today to help you get ready to buy at 661-295-0555. For more information go to www.stressfreemortgage.com.

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