Buying your home is simple, right? Just a few quick steps like . . .
Pick one out
Decide how much to pay
Swipe your card
Move right in, and then
Live happily ever after.
That sure sounds sweet, but the reality is in today's market you must be able to show proof of your ability to pay.
In order for your offer to be considered, you must bring more than a friendly smile and a pre-qualification letter. 
In all but a few circumstances, you must either provide proof of funds (i.e. a copy of your bank statement) or be pre-approved by a lending institution.
Programs vary by lender, but pre-approval indicates you've completed the loan application, they've checked your credit and many other variables. It verifies they're willing to loan you money to buy your home.
More and more often these letters must be from or verified by a major, direct lender-
And don't be surprised if your mortgage provider calls to say the seller's checking up on you!
Don't lose sight of your own affordability level. If you can't afford the monthly payments, it's not in your budget.
Going back to the beginning of this blog and how simple buying your home is, be sure you know not just how much you want to pay, but how much you're able to pay before you pick your home.
Not sure which way to turn? Reach out to a trusted Realtor or loan officer!
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