If you’re like the vast majority of home buyers, you will choose to finance your purchase with a mortgage loan. By preparing in advance, you can avoid the common delays and roadblocks many buyers face when applying for a mortgage. This typically starts with getting pre-approved for a home loan.
Getting pre-approved is crucial for knowing what type of home you can afford. The mortgage lender will use details you provide about your credit, income, assets, and debts to arrive at an estimate of how much mortgage you can afford.
These days most sellers will NOT accept an offer without at least a pre-approval letter. So if you are serious about buying this is the first step towards getting you in your new home.
Ready to begin the home buying journey? Let me know and I can guide you through the process.
Eric Slifkin, a Broker Associate, is the founder of the Slifkin Team at Keller Williams Realty. Eric and his team of experienced agents serve South Florida and the Treasure Coast, including Stuart, Port Saint Lucie, and the Palm Beaches.