By Angel Ella
Deciding to buy a home may be overwhelming, specially for first time home buyers. One of the things you should consider is if you are financially ready, and a lender can help you with that. A pre-approval from your lender is a strong documentation that you can financially support your mortgage, hence this can boost your chance when submitting an offer.
Before you go ahead and start your house hunt, make sure you obtain your mortgage pre-approval first. Here’s a list of the basic requirements the lender will ask from you.
These are just the basic requirements, your lender may require other than those listed above. Now that you have an idea, prepare these documents and go to your lender. Once you have your mortgage pre-appoval, you can now look for a real estate agent to assist you through the home buying process.