Ready to purchase your first home but not sure where to begin? The first step is a Pre-Approval from your bank or mortgage lender. My suggestion would be to talk to the bank that you currently have accounts with, such as checking or savings. If you don’t have a preferred bank, I have a list of lenders that I have worked with over the years. Be prepared for the lender to ask lots of questions. Most lenders will need paycheck stubs, bank statements, W-2 forms and past tax returns. Make sure you have these documents available to keep the process moving. 

The Pre-Approval letter is very important for more than one reason, don’t skip this step!! If you find your dream home and are ready to make an offer, the Seller will want to see a Pre-Approval letter from your lender to make sure you have the ability to purchase their home. Most Sellers will not make a decision without seeing a Pre-Approval letter and a serious Buyer has already taken action. Be the serious Buyer! Another reason this step is so important is that Buyers need to be aware of what price range they should be looking. I don’t like to see buyers disappointed when they find their dream home only to discover that the home is out of their reach and does not fit their budget. 

Take action, get Pre-Approved before you go any further. You will be glad you did!