When buying a home, what most buyers do is start house hunting first. However, experience proves that this is one of the last steps you should be taking to get the most home for the least money. The fact is, shopping for the best financing should start long before you start shopping for a home.
Don't Get Pre-Qualified – a rate hold and a certificate saying you are pre-qualified is not what you want. These certificates are worthless as none of your information has been verified.
You want to get Pre-Approved. This includes verification of your employment history, credit history, down payment and affordability amount. After this happens, you are actually APPROVED for the mortgage, and the only loose end is the appraisal on the property, which usually is paid for by the lender.
This is a powerful weapon we recommend all our clients have in their negotiating arsenal.
Let us introduce you to one of our Mortgage Consultants, who would be a good fit your situation.
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