The very first step of the home buying process is to find a true real estate professional to help you! The reason for this is an experienced agent is well-connected in many ways. We are there to recommend the best Mortgage Lender to get you pre-approved, which is the second step in the home buying process. This is a very important component since you won’t know what your purchase power is as a buyer until you speak with a lender.
I will help you find a great lender that will work with you on recommending the best loan program that meets your financial requirements. Some lenders are more strict than others, should you have a unique situation such as you are a business owner.
To determine what sort of payment you would be looking at and what amount of loan you can afford, there are online calculators that can help, but your lender will go over this in detail with you. Error on the high side to ensure that you can afford the payment.
This pre-approval is important as most sellers require one as it protects the sellers from showing their home to people that are not actually even interested or qualified to buy and waste their valuable time.