EVERYTHING I touch turns to...$OLD!
MILLION DOLLAR Mia "THE SUPER AGENT"
gives helpful advice to those seeking to purchase a home
So you want to buy a house..NOW WHAT? The FIRST STEP in homeownership is "knowing your purchase power" many people think the first step in this process is picking a house...NOT true!
The FIRST STEP happens in the office of your mortgage lender. Before you sift through homes on the market, you should sit with a banker. You need to know what amount the banks assume you can responsibly borrow and responsibly repay. This "number" is derived from your income, recurring bills, credit standing and a few other factors a QUALIFIED LENDER WILL EXPLAIN TO YOU IN DETAIL.
THE BEST thing about starting your home search with a preapproval in hand...is that when you find a home you like, you can make an offer immediately.
Waiting until after you've identified a property to purchase BEFORE you apply for a mortgage can hinder your goal of purchasing that particular home because during the time between "seeing" the property and "securing a preapproval" the property could have been purchased by someone else.
THINKING OF BUYING A HOME? Call 862~444~5000
