A Crucial First Step: Mortgage Pre-Approval
Mortgage pre-approval means a lender has reviewed your finances and determined how much you're qualified to borrow.
Benefits of a Pre-Approval
Things to Avoid After Applying for a Mortgage
Consistency is the name of the game after applying for a mortgage. Be sure to discuss any changes in income, assets, or credit with your lender, so you don't jeopardize your application.
The best plan is to fully disclose your intentions with your lender before you do anything financial in nature.
One of the first steps in the home-buying process is to consult with a mortgage lender about your financing options.
When you know what you can afford, you can focus your home search and make your move more quickly when you find the property you want.