Step 5 – Review and/or Open Checking and Savings Accounts

When you apply for a home loan, the people at the bank research your financial history. They want to know if you are the kind of person who pays his or her bills on time every month. They want to make sure they will get their payments.

When they do their research, the people at the bank also look to see if you have savings and checking accounts. To them, these accounts are the tools that everyone needs to do their financial work. The accounts will help you pay your bills and save your income for things you need. If you do not have checking and savings accounts, you should open accounts today. Third Federal offers totally free checking and savings accounts with very competitive interest rates.