Home Buying Process - Step 1: Contact a mortgage broker

Real Estate Agent with Century 21 New Millennium


So you are ready to buy a house.  The following series will educate you as to the steps necessary to buy a home.

 Part 1

Contact a Mortgage Broker. 

It is important that this be the first step because a good mortgage broker will go over your employment and income history and your credit to help determine what price range you qualify for.  It is important to be truthful with your mortgage broker and provide all the information they need in a timely manner to speed the process along.

Many people wonder why they can't start looking for a house and THEN call the mortgage broker.  There are a few reasons:

  1. Your mortgage broker helps determine the price range and payment that you are comfortable paying and you can reasonably qualify for.  There is no point starting the home search process until you know that information.  Wouldn't it be terrible to search and fall in love with a $300,000 home only to learn that you can't afford more than $225,000?
  2. Your mortgage broker can also give you information about things you can do to make your credit more attractive to the bank.
  3. Your mortgage broker can determine whether you can purchase a home in the current credit climate.
  4. They may also have information about special programs that you can qualify for.
  5. If you have a pre-approval or pre-qualification letter from a reputable lender it makes for a stronger offer when you find the house you want to buy.

It is important that you are comfortable with the mortgage broker that you choose.  This person needs to be someone who is responsive and patient with your questions and who keeps in touch with you throughout the process.  Ask friends and family or your trusted real estate agent for referrals.  

The home buying process can be very stressful and it is critical that you surround yourself with professionals who can help make this process as easy as possible. 

It's ok to change mortgage brokers if you are not satisfied with your current broker.


If you are ready to begin the home buying process give me a call.  I will be happy to provide referrals for good mortgage brokers in your area.

Part 2:  Determine a Budget

Part 3:  Decide What Features You Want in Your Home

Part 4:  The Home Looking Process

Part 5:  The Offer

Part 6:  Home Inspection and Other Contingencies

Part 7:  The Closing

If you are interested in offering a FREE home buying seminar for your local group, give me a call, 240-481-3565.



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If you or someone you know would like information about buying, selling, or renting a home in Prince George's, Montgomery,  Charles, Calvert, Anne Arundel, Howard, and/or Baltimore Counties please contact Dr. Stacey-Ann Baugh of Century 21 New Millennium.


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Donations made to charity with every successful closing!

Dr. Stacey-Ann Baugh

Century 21 New Millennium



240-481-3565 (C)

202-546-0055 (O)




Information deemed reliable but not guaranteed! 





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John MacArthur
Century 21 Redwood - Washington, DC
Licensed Maryland/DC Realtor, Metro DC Homes

my my my..........the woman does not take a day off...........this blog comes straight from a jamaican beach....stacy is typing between pleas of "braid your hair lady" and cabana boys asking if she wants to freshen her drink...........this is pure dedication..............and a damn good blog too.

Aug 12, 2009 02:39 PM #1
Karina Kfuri
Leal USA Realty 561-350-3503 ( FALO PORTUGUES) - Delray Beach, FL
Leal, Florida Broker - FALO PORTUGUES!

HI Stacey, do real estate taxes change much in your area after the purchase?

Aug 12, 2009 03:50 PM #2
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Terrific post about the first step! Great job Stacey-Ann!  and are you really posting from Jamaica?? That is amazing.

Aug 12, 2009 04:16 PM #3
Paddy (Patricia) Pizappi
Better Homes and Gardens Rand Realty - Pine Bush, NY
Real Estate Associate Broker Hudson Valley NY

I can't think of a nicer place to blog from.  I can hear the ocean now.  Please order me something icey with an umbrella in it

Great information for Home Buyers.  Can't wait for your next beachside installment.

Aug 13, 2009 03:32 AM #4
Dr. Stacey-Ann Baugh
Century 21 New Millennium - Upper Marlboro, MD
A doctor who makes house calls.

John - see how dedicated I am!

Katrina - the home purchaser can petition them

Mary - I was in Jamaica for a family reunion

Paddy - I drank something icey for you

Sep 04, 2009 01:40 AM #5
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