The holiday weekend is behind us, and that means many buyers will be either entering the home buying market, or may already be out there looking for their next home.
If there’s one key piece of advice I can give to all of you, it’s that you should get fully preapproved for a loan before you start seriously searching for a property. Of course, it’s a good idea to get your feet wet and go to some open houses to get a sense for pricing and value. But before you start making appointments to see homes, the very first step should be that phone call to the mortgage broker or lender. Because if you don’t have a clear understanding of the loan amount for which you can qualify, you could end up wasting a lot of time. Continue Reading