One of the most important tips in purchasing a home, that homebuyer's often overlook, is the financing. Most people forget the fact that they should get their mortgage loan pre approved before they start shopping. They think of all the details, as to where to buy, how many bedrooms, the style, schools, etc. and forget about how and where they are getting the loan.
The mortgage loan should be the most important item you line up before setting out looking at houses. The mortgage loan has many variables that could stand in your way from affording your dream home. How much cash you would have to put down, what the current interest rates are. Even a change in a quarter of a percent could affect drastically how much home you can qualify for.
Getting a pre approval for your mortgage loan isn’t that difficult. It just takes a little bit of due diligence. Just contact a Pennsylvania mortgage broker who specializes in Pennsylvania mortgage home loans, and they will be able to tell you what type of loan you qualify for, as well as the details i.e. term, interest rate, closing costs.
Don’t forget the first question that most real estate agents ask prospective clients is, “Do you have a pre approval?” No agent wants to show someone a house they can’t qualify for.
Get a quick mortgage quote and pre approval here