Before you start looking for a home, it’s important to meet with a qualified mortgage lender to get a better understanding of how much you can spend and what you will be approved for. Being pre-qualified also shows sellers that you’re a serious buyer and gives you an advantage when you’re ready to submit an offer if a home you are interested in happens to get multiple offers.
Book an appointment with your bank and a mortgage specialist so that they can review your current financial situation and pre-approve you for a mortgage loan. Ask for your pre-approval in writing so you have a legal document on hand. Pre-approvals are typically valid for 120 days during your house hunt. Not sure who to consult with? We would be happy to recommend one of our network partners we work with and trust.