5 tips to make home-buying easier: BofA

A survey from Bank of America's annual Homebuyer Insights Report shows that 72% of prospective homebuyers worry rent increases could affect their current and long-term finances. Housing inventory remains low, keeping the price of homes higher.

Bank of America Head of Consumer Lending Matt Vernon joins Wealth! to give insight into how to make buying a home a little easier.

Vernon stresses the importance of keeping a good credit score: "First and foremost, just be cognizant of your credit score and ultimately do things to prioritize and improve it. Having a good credit score is not only good to get approved for a loan from a lender. It also can provide benefits from a rate perspective, which would be very important in the rate environment that we're in today."

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