One of the arguably most “fun” parts about buying a home is getting a mortgage. However, it’s easier to learn from others’ mistakes than from making your own. So, here are some ways you can learn from other people’s mortgage mistakes:
1. Meet with at least 3 mortgage lenders. For better or worse, many people stick with the first lender they meet. This means they could be missing out on lower rates or offers that better fit their situation.
2. Get pre-approved. Pre-qualifications only touch the surface of your ability to get a loan. By getting pre-approved, you’re not only getting a better idea of what you’re able to afford, you’re also communicating to a seller and their agent that you’re serious.
3. Stay in the job you’re in. Most lenders like to see consistent income histories when approving a loan so, if you’re contemplating a job change, try and wait until you’ve closed on your house.
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I’m happy to share more about what I know, as well as introduce you to some of the lenders my buyer clients have successfully worked with in the past.
Give me a call at (850) 517-7098 if you’d like more info.