Look before you look

When beginning the house hunt, some buyers go in blindly, not knowing how much house they can afford. Without this knowledge, buyers may find themselves viewing houses that aren’t within their budget. To prevent buyers from spending time viewing homes they may not be able to afford, home buyers need to get pre-approved by lenders before house hunting. By providing copies of a recent credit report, W-2s, pay stubs, and bank and brokerage statements to a lender, buyers will have a better idea of the price range they can afford.

Obtaining financing prior to looking really sets the bar. Most importantly, it helps to prevent disappointment in the emotionally charged, exciting adventure of looking for your home.

Kev
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