Applying for a Mortgage

Starting the journey to buy a home can seem daunting, but a straightforward first step is to 𝐚𝐩𝐩𝐥𝐲 𝐟𝐨𝐫 𝐚 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞.

Brittney Fleischman @loansbybrittney is going to break it down for you.

𝐂𝐫𝐞𝐝𝐢𝐭 𝐚𝐧𝐝 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐞𝐯𝐢𝐞𝐰: By applying, you enable the lender to examine your credit history and compare your income with your existing debts. This evaluation is crucial in determining how much you can borrow.

𝐂𝐫𝐞𝐚𝐭𝐢𝐧𝐠 𝐚 𝐏𝐥𝐚𝐧: Based on this financial review, the lender can outline what you can afford in terms of a home loan, what your potential monthly payments could be, and the estimated funds you’ll need for closing costs.

𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐒𝐮𝐩𝐩𝐨𝐫𝐭: You might also qualify for programs like down payment assistance, which can be significant financial help.

𝐏𝐫𝐞𝐩𝐚𝐫𝐞𝐝𝐧𝐞𝐬𝐬: If you come across your dream home and decide to make an offer, having pre-approval for a mortgage can eliminate financial uncertainties and stress, making you a more appealing buyer to sellers.

Applying for a mortgage as soon as you’re considering buying a home allows you to set realistic expectations and plan effectively. It’s a strategic move that can make your home-buying process smoother and more predictable.

Ready to take the first step or just need some questions answered? Message us!

Helping YOU find your way home.

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