Becoming A Pre-Approved Buyer:
This is the most important first step and whatever you do, do not skip this one. Most Home Sellers will only work with Mortgage Pre-Approved Buyers because it gives them comfort that the potential buyer is committed and has the financial means to see the offer through.
To accurately assess your financial situation and get pre-approved, your lender will check your credit and ask for all of your financial documents such as tax returns, pay stubs, bank statements, credit card statements, personal loans,etc. You can get this process started here, and one of our trusted lenders will assist you.
It is also an essential step for you because it gets you familiar with the mortgage loan process, the different loan types and most helpful in clarifying how much home you can afford. Our recommended lenders can answer all your questions. Once you know that, then you and your agent can strategize and create your search criteria.