Get a Mortgage Pre-Approval
The first step to a successful home search is knowing how much you can afford. You don’t want to fall in love with a property only to find out it’s outside your price range.
That’s why I recommend getting a mortgage pre-approval, preferably from a direct lender who “pre-underwrites” with full documentation. There are two advantages to getting this pre-approval:
- It gives you the peace-of-mind of knowing you can afford homes you view.
- It’s a sign to sellers that you are a serious, prepared buyer – which gives you the edge when making an offer.
I’m well-connected in the local real estate community, so if you want me to recommend a reputable lender, please contact me. The right lender can make all the difference in a competitive market.
How Much Home Can You Afford?
Banks and lenders use specific criteria to determine how much of a mortgage they’re willing to offer you. They look at your income, expenses, credit history and employment status, as well as the down payment you plan to make on a home. It may seem complicated, but it is actually pretty straightforward. You can usually get a pre-approval, even with pre-underwriting, in a few days. You’ll be glad that you did.
By knowing what you can afford, you can confidently shop within that price range.
Have questions about arranging financing? Please submit the form below or call or email me.