The first step anyone should take before shopping for a new home is a mortgage pre-approval. Whether you are a first-time homebuyer or currently own a home and are looking at a potential move, you need to determine how much of a mortgage loan you would qualify for.
Benefits of a Pre-Approval:
- It will help you determine the maximum amount of mortgage you would qualify for.
- You secure a rate-hold guarantee. If interest rates rise, this will protect you against that increase.
- It will confirm what your credit score is and what different lending programs you could qualify for.
- It will determine in advance what type of income and down-payment documentation potential lenders will require you to have.
Contact us today to start your mortgage pre-approval.