Get Some Timeline Guidance For Your Mortgage

By: Thomas Cook

Get Some Timeline Guidance For Your Mortgage

 

Actually, it’s never too early to start thinking about how much of a mortgage you might qualify for.  Many people start looking at condos or houses online or at open houses 6-18 months ahead of when they’re thinking they might buy.
 
Having a realistic figure in mind about how large of a mortgage you could get approved for will save you a lot of time (and dreaming).
 
Another good reason to get an early pre-approval is that, in all probability, you will find out things about your credit or about what you need income-wise that you didn’t know before. 
 
You can then use your lead time profitably to clear up any issues, solidify jobs or create a bigger down payment.
 
Certainly, before you start seriously looking for a home you’ll want to talk to a mortgage professional and get a FULL mortgage pre-approval.  We’ll talk more about what that entails further on in this Guide.