Get a Mortgage Pre-Approval
A key to a successful home search is knowing your budget. Falling in love with a property outside your price range can be frustrating.
I recommend getting a Mortgage Pre-Approval, which shows how much a lender is willing to offer. The benefits are:
- Peace of mind, knowing you can afford the homes you view and won’t have trouble securing financing.
- A sign to sellers that you’re a serious, prepared buyer, giving you an edge when making an offer.
You can arrange this with your bank, lender, or a trusted mortgage broker. If you need a recommendation, feel free to reach out—I’m well-connected and happy to help.
How Much Home Can You Afford?
Banks and lenders assess your income, expenses, credit history, employment status, and down payment to determine how much mortgage they’ll offer. While it might seem intimidating, the process is straightforward, and you can usually get a Mortgage Pre-Approval in a day.
Knowing your budget allows you to confidently shop within your price range. For example, if you qualify for a $550,000 mortgage and have $100,000 for a down payment, you can look at homes up to $650,000.
Have questions about financing? Feel free to call, email, or use the form below to get in touch.
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