Get Preapproved!
It is important to get preapproved for a mortgage before you head out to look at homes. Knowing your buying power beforehand will eliminate the surprises later on.
Sometimes things come up during the credit process that we as consumers did not know. Being able to recognize potential problems and be able to address these problems before starting a home search will minimize or even completely eliminate the potential problems.
Sometimes things come up during the credit process that we as consumers did not know. Being able to recognize potential problems and be able to address these problems before starting a home search will minimize or even completely eliminate the potential problems.
Knowing what price range that we can afford will eliminate unnecessary house hunting. We can get an idea of what we can afford by using the financial calculators, but to get a full picture, most realtors would want you preapproved before visiting potential homes.
Remember, not all mortgage companies are alike, so take a look outside your bank and compare what other lenders can do for you!
