The first step, of course, is the finances. Hey, it always comes down to money...
So you go down to your bank and talk to the mortgage folks. You check the interest rates on line, maybe even do one of those online applications.
Anyway, you end up with a written pre-approval letter. Mortgage pre-approval and pre-qualification can be light years apart - know the difference.
Now that you are pre-approved for a mortgage do not do anything to jeopardize that status –
- no new charge accounts,
- no new car,
- no new job
- …well you understand.
There is a tremendous amount of information available about homes on the market, local schools, neighborhood crime rates, tax rates (important consideration), whatever you want to know about the information is available.
So where do you start your quest for information?
The short answer – a local Realtor®.