What the first step of the home buying process?
Updated: Sep 15, 2022
Getting pre-approved for a mortgage is the first step in purchasing a new home or real estate. Getting a pre-approval letter is important because it will set your budget.
Second, the loan estimate from your lender will show how much money is required for the down payment and closing costs. This will let you know if you need more time to save.
Finally, being pre-approved for a mortgage demonstrates that you are a serious buyer. When you submit an offer, the seller will request proof of your pre-approval letter.
Are you ready to apply? I can refer you to a Loan Officer who will help educate you on your options and basic qualification requirements for a real estate loan.