Question

Before searching for a house to buy, you should

		prequalify for a mortgage
		adjust your budget accordingly
		obtain a copy of your credit report
		all of these

Answer 1

Before searching for a house and if the plan is to fund it with mortgage, then there are many checklists that need to be conducted for eligibility requirements.

One should pre qualify for a mortgage as per the norms of the lender to ensure repayment capacity and character.

One shall adjust the monthly and yearly budget such that mortage needs to be considered.

A credit report is mandatory for mortgage as it provides the historical repayment record of the borrower.

Answer is all of these