You might be ready to buy a home, but are you armed with the knowledge you need? Do you know about credit score requirements? Are you familiar with flexible standards on Federal Housing Administration loans? • Whether you are a first-time homebuyer or an experienced owner, buying a house requires a “preflight check,” says Barry Zigas, director of housing policy for the Consumer Federation of America. •
Here is a six-item checklist, including tips on two types of savings you need, plus advice about what’s more important than buying a house for its resale value.