04/28/2023
Like all things in life, preparation is key ๐โโ
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This couldn't be more true in the world of real estate. Jumping straight into the mix without proper prep is a disaster waiting to happen especially if this is your first time purchasing. โโ
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So let's get started. โโ
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Luckily, the instructions are simple. โโ
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First things first, let's set you up with a bank or a mortgage broker to find out more about your purchasing power/overall budget. โโ
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(๐๐ง ๐บ๐ฐ๐ถ ๐ฏ๐ฆ๐ฆ๐ฅ ๐ฉ๐ฆ๐ญ๐ฑ ๐ธ๐ช๐ต๐ฉ ๐ง๐ช๐จ๐ถ๐ณ๐ช๐ฏ๐จ ๐ฐ๐ถ๐ต ๐ธ๐ฉ๐ช๐ค๐ฉ ๐ฃ๐ข๐ฏ๐ฌ ๐ฐ๐ณ ๐ฎ๐ฐ๐ณ๐ต๐จ๐ข๐จ๐ฆ ๐ฃ๐ณ๐ฐ๐ฌ๐ฆ๐ณ ๐ต๐ฐ ๐ค๐ฐ๐ฏ๐ต๐ข๐ค๐ต, ๐ฅ๐ฐ๐ฏ'๐ต ๐ธ๐ฐ๐ณ๐ณ๐บ, ๐ธ๐ฆ'๐ญ๐ญ ๐ฉ๐ฆ๐ญ๐ฑ ๐บ๐ฐ๐ถ ๐ธ๐ช๐ต๐ฉ ๐ต๐ฉ๐ข๐ต ๐ข๐ด ๐ธ๐ฆ๐ญ๐ญ.)โโ
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Establishing our budget early by getting PRE-APPROVED is THE MOST IMPORTANT STEP in our search process. Getting this done early saves us so much time (and keeps us away from in unnecessary heartbreak and frustrations). โโ
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If you're not ready to jump in as a first time home buyer just yet, getting pre-qualified is a great way to find out how much mortgage you ๐ฎ๐ช๐จ๐ฉ๐ต be able to afford. โโ
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But remember, just because you got pre-qualified does NOT mean you can skip get the pre-approval process. Since the pre-qualification process is simple and not as extensive as the pre-approval process, numbers given during pre-qualification, more often than not, are ALWAYS subject to change.โโ
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The last step in this two step process is to START getting looking for your dream home. โโ
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Good luck.โโ
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