Contact a Lender Using your valuable time to search the internet for homes and visiting open houses is useful because it gives you a general idea of what types of homes are for sale but does nothing to help you buy your own home. Until you know how much home you can afford, you may be wasting time looking at homes that are too expensive or that are cheaper than you can actually afford. You can use our Mortgage Calculators to get a general idea of what you can afford but the best way to determine how much you can afford is to contact a good lender. We recommend Paula Beck because she is fast and reliable and if she says she can get you a loan, you will get the loan. We do however advise that buyers call several lenders because shopping for a loan is like buying a car…you need to get the best deal. Just make sure you ask the lenders questions so you can understand what’s going on. This is a very important step and you need to be fully informed. Any lender who won’t take the time to help you is not someone you should be working with. Once you have chosen a lender, make sure you get a “LETTER OF PRE-APPROVAL” that says that you are pre-approved to a specific dollar amount. Now it’s time to Contact a Realtor. |
