This real estate video explains the process of getting a mortgage loan. One of the most important things to consider when starting this process is to start it in the early phases of home buying. The process of pre qualification usually begins with a discussion with a lender about your income, credit and debt. You want to determine what you feel comfortable spending because you don’t necessarily have to buy a home for the full amount that you’re able to borrow. You want to borrow what you feel comfortable with. It’s a good idea to speak to at least two mortgage lenders when you start the process and ensure that you’re comfortable with the one you select and are made aware of the entire process throughout the transaction.
Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
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