Discussing your situation with a lender before looking at homes can help you understand exactly how much you can afford. It’ll save time and heartache. There is no reason to view homes listed for $500,000 if your budget can support a property listed up to $200,000.
Another reason to speak with a qualified lending professional before starting the home search process is to learn about programs available to you. For example, if you’re a first-time homebuyer, there might be ways to reduce the mortgage interest rate, required down-payment amount, or total balance owed. These programs can vary by region or county.
If you don’t know where to begin, Carswell Real Estate is here to help. We’ve relationships with knowledgeable mortgage brokers. They can walk you through the home loan process using an easy-to-understand, hassle-free approach.