Before you fall in love with a home we need to work on the next step in your home buying process which is getting financed. Working with a professional and experience lender is as important as working with a professional and experience real estate agent! About 80% of homes are purchased with a mortgage. Even if you have the ability to pay cash sometimes it makes sense to get a mortgage especially when rates are low.
The lender will help you understand how much home you can afford, what type of loan programs are available in the area which you are looking, and give you an idea of interest rates and what's your payment might be per month.
Armed with these and a current credit score your lender will be able to give you the power and information you need to be a better informed home buyer. They'll also provide you with the lender letter. This is what we will include when making an offer on your dream home. The majority of sellers will consider your offer incomplete without a lender letter so we'll need to have that very early in the process.
We only work with full-time professional lenders which means that you'll have access to the best lenders in the business. Now that we know how much we can afford and what loan programs are available to us it's time for us to find a new home!