Warmer weather ushers in bike rides, barbeques, home improvements... and home purchases! Before you start seriously house shopping, First Farmers urges you to consider the following tips so that purchasing your dream home doesn't become a nightmare: Know your monthly income and budget,
including how much you spend on rent, utilities, entertainment, clothing, food and transportation. Discuss your finances with a First Farmers State Bank lender
before you begin looking for a home. It is important to stay within your means when purchasing a house. Gather and organize paperwork and documents.
Items you should have readily available include paycheck stubs, W2 forms, tax returns and bank and investment statements for the past two years. Check your credit report
so you are aware of what your current credit score is before applying for a loan. Credit reporting agencies must give you one free report annually. Maxing out credit cards or falling behind on other loan payments could create issues when applying for a mortgage. Keep tabs on your spending habits
before applying for a mortgage, and don’t go on a spending spree afterwards either. Work with your community banker to figure out how much you can borrow and which mortgage product …