The first step to buying a home is to get pre-approved for a home loan if you are NOT paying cash. Contact a mortgage broker who will take into account your income, savings, and debt and let you know how much house you can afford. They also check your credit scores and give you an estimated interest rate. Once all of this is factored, you will receive a “pre-approval” letter. With this, you are ready to meet with your realtor and start looking for homes and write offers!
Contact a local mortgage team that we love to use: Prospect Mortgage
Do I Really Need To Get Pre-Approved?
Sellers of real estate in this area usually don’t accept offers without a pre-approval or pre-qualification letter attached. This lets them know that you are serious and have the assets to follow through with the purchase.
