I come across many people who are confused or intimidated by the various products or services or even terms commonly used in a real estate transaction, so I thought it would be helpful to add this section to my newsletter. I hope you find it useful, and if you have any particular terms you would like for me to deep dive into, reach out and let me know, it would be my pleasure.
Mortgage Pre-Approval: includes the maximum amount you can afford to spend on a home, the monthly mortgage payment associated with your maximum purchase price and what your mortgage rate will be for your first mortgage term.
Applying for a mortgage pre-approval is free and it does not commit you to one single lender. This is something I strongly recommend as an essential initial step to you on your home buying journey. If you have any questions on how to get a pre-approval, what is required and who to talk to, reach out to me and let’s get you educated on your options.