Buying a Home in 6 Months? Here's Your Gameplan

Get pre-approved with Tomo Mortgage 👉 https://tomo.com/mortgage/app/preappr... Run your own numbers with our free affordability calculator 👉 https://tomo.com/mortgage/affordabili... Planning to buy a home in the next six months? Here's your month-by-month game plan. Loan Advisor Alexander Knowles lays out a month-by-month plan to get from "thinking about it" to the closing table: what to fix in your credit, how to build your cash and paper trail, when to get pre-approved, how to shop by payment instead of your max, and the one purchase nine days before closing that could put the whole house at risk. In this video: • How to check your credit reports and what score ranges mean for FHA and conventional loans • Credit utilization, the statement-date trick, and why one late payment hurts for years • How $100 in monthly debt can reduce your homebuying budget by roughly $12,000–$13,000 • The payment rehearsal: test your future payment before you commit • Low-down-payment mortgage options, VA loan benefits, and closing costs to plan for • Getting a verified pre-approval and comparing lenders on rate AND fees • Why your pre-approval is your ceiling, not your target • How to read a Loan Estimate, and why to keep your hands off your credit until closing CHAPTERS 00:00 Buying a home in 6 months? Here's your gameplan 00:28 6 months out: check your credit and talk to a lender 01:49 5 months out: clean up your credit and debt 02:58 4 months out: the payment rehearsal and your paper trail 04:15 3 months out: get pre-approved and shop lenders 04:55 2 months out: shop by payment, not your max 05:55 1 month out: Loan Estimates, rate locks, and the couch 06:38 The purchase that could put your closing at risk: Answered 07:40 Your 6-month plan (screenshot this) 08:19 Get preapproved with Tomo Mortgage RESOURCES MENTIONED Free credit reports 👉 https://www.annualcreditreport.com Tomo Mortgage Price Match: Found a better offer on a comparable conventional loan? Tomo Mortgage may match it, subject to program terms. Submit a competing Loan Estimate less than one business day old. Full terms 👉 https://tomo.com/mortgage/terms WATCH NEXT How much income you need for a $400K home 👉    • How Much Income You Need for a $400K Home ...   Questions? Drop them in the comments. We read them. About Tomo Mortgage: Tomo Mortgage charges no lender fees on home purchases or refinances. Licensed in 40 states + DC. Alexander Knowles, Loan Advisor · NMLS ID# 1708486 Tomo Mortgage · NMLS ID# 2059741 Examples in this video are for illustration only and are not an offer or commitment to lend. Rates, taxes, insurance, mortgage insurance, closing timelines, and qualification requirements vary. Price Match terms and conditions apply. #HomeBuying #FirstTimeHomeBuyer #Mortgage