Crunching the Numbers
As an experienced agent, I can help you maximize your time by only considering homes that meet your budget requirements. To be in a strong position to negotiate with a seller, it's best to be pre-approved for a mortgage.
That means you have a written commitment from a lender for a specific mortgage amount. To a seller, that means you're a serious buyer. Prequalification is also an option, but that is only an estimate of how much you should qualify for.
There are many different financing options that should be investigated thoroughly before making a final decision. Your past credit history and the amount of outstanding debt will each play a part in the qualification process.
If your considering a move and need to understand how the prequalification process works, please feel free to contact me for additional information.