Once you have gotten pre-approved then you start shopping. Shopping before you know what you can afford gets your hopes up and sets unrealistic expectations.

Think of it this way:

You are looking online at $800,000 homes, falling in love with this shiny penny. The amenities, the upgrades, the size of the home, etc.

But you have a budget of $2,000 a month for a mortgage payment, taxes, insurance included. You may be looking at the wrong price of home unless you plan on putting down a pretty heft down payment. You can afford to be picky and get a house you want when your loan expert has creative lending options however, your budget and the price point of what you want, must to meet reality.

You speak with a mortgage loan advisor who says based on your debt, Income and budget, the price point you should be looking at is, let’s say $400,000. Nothing in the $400,000 price point will compare to that shiny penny.

There are steps to achieving goals, especially homeownership.

Step 1, Get Pre-Approved.

Step 2, This is the fun part. Go Shopping.

Step 3, Make an Offer and Go into Contract

Step 4, We process the loan.

Step 5, Congratulations, its Closing Day! You are officially a homeowner.

Take these 5 easy steps with us. Schedule a consultation today. www.calendly.com/cherylemortgages