Pre-Qualification
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The first step in buying a home is to get pre-qualified.
- Find a Realtor that offers loan services, or ask your Realtor for a referral to a local loan company.
- Shop around for lenders (banks) and brokers.
- Compare the different options side-by-side to determine the best loan for you. Ask advice.
- Make sure to get a second opinion from a friend or family member.
- Be sure you can afford your monthly payment. Budget enough to help maintain your home.
- Do not go to model homes without a Realtor. Once you go to the model homes, they do not allow you to then get a realtor.
The advantage of going to an all-in-one real estate company (real estate and loan), is that they will help you get a loan, and also find homes that fit your budget. They might know your financial situation better than a separate Realtor, so they may be better able to advise you on what you can truly afford. Often times a Realtor may try to only show you homes at the top of your budget. A Realtor/loan officer can look at the whole picture in order to act in your best interest.
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All Other States Pre-Qualification
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