I recommend that you begin the mortgage loan pre-approval process before you start house hunting. Getting pre-approved requires that a lender verify your financial information, and it serves as their commitment to lend a specified amount based on that information. In situations where there are multiple offers on a property, this can be the difference between having your offer accepted or losing the property to another buyer.
Getting pre-qualified will give you a number of advantages:
- Sellers will take your offer more seriously with a committed lender
- Peace of Mind: Knowing you’re looking at homes you can confidently afford
- You will have an edge over the other buyers who aren’t pre-approved
Please contact me and I can help you get started with the pre-approval process.
I’ve also included a tool below to help you estimate your mortgage.