Sunday, July 8, 2012

6 Must-Dos for Homebuyers- cont.

Get preapproved for a mortgageGet preapproved for a mortgage

For serious home shoppers, the number 1 thing is they better have everything in order, according to the National Association of Realtors. That means that, before the real home shopping begins, you want to get financing in place.
And the preapproval process is "much more extensive" than it was a few years ago.
That documentation around income and assets is very essential, more so than in the last five years.
Improve your chances by: getting financing in place before you walk through the first house. Otherwise, How do you know how much you can afford?

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