Utilizing an experienced mortgage lender is a sure way to remove some of the stress from the process. A mortgage lender will meet with you at your convenience and explain all your options for financing. By asking you the right questions, they’ll help you determine which financing options fit your lifestyle- and your budget.
Your mortgage lender will pull your credit report and issue you a pre-approval to purchase. This preapproval will be based on several factors, including income, credit score, collateral and available down payment.
All of this is done at no charge to you and should help you determine how much house you can afford. And if you decide you’re not comfortable with the lender you’ve used up to this point, that’s ok. You still have time to find someone new.
It’s your home and your mortgage loan. Your lender is here to make the process comfortable and reassuring for you. Take advantage of all they have to offer. And happy house hunting!