This section of the quiz helps you look at the cold, hard facts of your current financial situation.
: Do you know your credit score? A high score is essential for securing the best mortgage rates. home buying quiz
If you find you aren't quite ready yet, use these expert-led tools to build your knowledge: Homebuying Readiness Quiz - Circle K EAP | Anthem This section of the quiz helps you look
: Can you define "Escrow," "PMI," or "Closing Costs"? For example, Private Mortgage Insurance (PMI) is typically required if your down payment is less than 20%. If you find you aren't quite ready yet,
: Do you understand that a contingency is a clause in your contract that must be met before the sale is final? This is your safety net during the inspection phase. Part 3: Helpful Resources for Next Steps