Preparing to Purchase

Preparing in advance of house-shopping is the best thing a homebuyer can do. There are several reasons why it is helpful to prepare in advance:

1. Clear understanding of the process: By talking to a mortgage advisor early on in the process, clients can become familiar with the offer process, the steps needed to secure a mortgage, and their options available.
2. Reduce the time needed for mortgage financing approval: When the majority of documents are prepared and on hand, the mortgage application can be submitted to a lender much more quickly, and the lender will be able to review the application and supporting documents up front, meaning the approval can be wrapped up in just a few days.
3. Reduced stress: The joy of a new home purchase can quickly turn into a stressful time when scrambling to find documents, discuss rates/lenders, ideal timelines, etc. Preparing in advance provides more lender options, more rate options, and an overall more enjoyable process.

The process starts with a simple phone call, and doing a bit of pre-work up front can save you money and energy later on.