Getting an ideal as to the price of the home that you can afford is an important first step in the home buying process. By understanding the price range you can afford, we can look for homes in the appropriate areas and price range . A mortgage lender job is to explain and match you and your finances with home loan that you can afford. Things such as your credit history, your income, your outstanding debt, monthly expenses, employment history, the type of mortgage you want, and the amount of savings you have can all impact on how much real estate you can afford. I strongly suggest Buyers should get Pre-Approved. Often a mortgage lender will tell a potential buyer they are “pre-qualified” for a loan. This can confuse first-time home buyers, who think they will qualify for that amount. Not likely. With a pre-qualification, little information about your finances is verified (often none). You might find out later that the amount you were “pre-qualified” for is far different than what you actually will qualify for (or even afford). What you need is a “pre-approval” in which more information (your credit and other factors) is checked and you can have a better idea how much you can afford for your first home. With a pre-approval, you’re in a better position to negotiate because the seller knows that your offer is more solid. You’ll avoid wasting time looking at homes outside your price range.
Below you will find some helpful information to help you get a better real estate price point.
Getting pre-approved for a loan can help you determine what you can afford. Please fill out the following information and I can help you determine at what price we should start looking at. This brief form will tell me a little bit more about you so I can assist you with the appropriate form of home financing. There is no obligation and your information will be kept strictly confidential.