More Clarification Regarding the Changes to Mortgage Qualification
Get yourself pre-approved before you even start thinking about shopping for a house -here’s why
The process of purchasing a home is exciting, its exhausting, and its emotional-and if you don’t know what you can afford, it can be incredibly disappointing.
Getting yourself pre-approved by a mortgage broker BEFORE you even begin looking at potential future homes is incredibly important for a few reasons:
- your mortgage broker provides you with an idea of what your monthly budget would be for owning a home
- your mortgage broker provides you with the maximum purchase price you can qualify for
- if you aren’t able to purchase right now because of issues with qualification, your mortgage broker can provide you with information as to how to qualify in the near future