Before you get to the fun part of house hunting, the first step in any homebuying process is to determine how much you can afford to spend on a property. This needs to take into account what you can budget for your mortgage, utilities, property taxes, and additional expenses and what a lender will approve you for. The best way to do this is to get pre-approved through a mortgage lender. Trust us, you’ll thank us later.
Whether you choose a bank or a lending institution, the process should be very similar. We recommend contacting multiple mortgage officers at different institutions to weigh your options, as there are different financing programs that you may or may not qualify for. Who should you contact? We can help with that – your Gove Group REALTOR® can provide recommendations for reputable mortgage lenders to consider. Go ahead and utilize the mortgage calculator and blog article resources below, and contact us to start the homebuying process today.