- Get your financial situation in order.
- Know your credit history and fix any issues that might keep you from getting a loan.
- Calculate your debt and expenses to help determine your desired monthly mortgage payment.
- Once you have your finances in order and you have an idea of what you can afford, gather all the necessary financial documents and seek a reputable lender.
- Find a reputable lender who listens to your needs. A good loan officer can make or break your experience.
- Now that you have your finances in good order and have found a lender, the next important step is to get a pre-approval letter from your lender to prove your buying potential.
Source: First American Home Warranty Newsletter
By: Amy Thyre