No Obligation Chat

Are you considering purchasing a home and needing help figuring out where to start? Speaking with a mortgage lender before shopping for a home with a realtor is highly recommended for several important reasons:

Determine your budget-

As a local mortgage lender, my number one goal is to make sure you love your house but do not hate your mortgage payment! Our team can help determine the maximum amount you can borrow for a home loan based on your financial situation, credit score, income, and other vital factors. This will give you a clear idea of your budget and help you narrow your search for homes within your price range.

Pre-Approval Letter- 

The pre-approval process can be scary for some; however, getting pre-approved for a mortgage is a valuable step in the home-buying process. It involves a thorough evaluation of your financial information by the lender. This will require a mortgage loan application, a credit report review, and the review of your financial documentation. This will result in a solid Mortgage Loan pre-approval letter. This will demonstrate to sellers that you are a serious buyer, and it can give you a competitive edge in a competitive real estate market.

Mortgage Loan Options-

There are a lot of mortgage loan options, and knowing which one is right for you is important. Mortgage lenders can explain the various loan options available, including the different types of mortgages, interest rates, down payment requirements, and any special programs or incentives you may qualify for. This knowledge will enable you to make informed decisions about the type of loan that best suits your needs.

Avoiding disappointment-

If you start house hunting without knowing your budget or securing pre-approval, you might fall in love with a home that you later find out you cannot afford. This can lead to disappointment and wasted time. By consulting with a mortgage lender early on, you can set realistic expectations and focus your search on properties that align with your financial capabilities.

Streamlining the process- 

When you work with a mortgage lender early in the home-buying process, you can get a head start on gathering the necessary documentation and completing the loan application. This can help streamline the overall process and ensure that you are ready to make an offer when you find the right home.

If you are ready for your no-obligation chat about the home-buying process, contact us at the Complete Mortgage Team!