I talk to a lot of buyers, and from what I’ve heard, most want to jump right into the market and hit the ground running by immediately searching the area for properties.

However, buying a home is a process, and the first step of this process isn’t hunting for the perfect house—it’s getting pre-approved for a mortgage.

The reason why you need to get pre-approved before doing anything else is that it can take some time; you don’t want to be in a situation where you’ve found a property that you want to make an offer on but you haven’t yet been pre-approved.

“Today’s mortgage industry isn’t like it was 15 to 30 years ago where one size fit all.”

Today’s mortgage industry isn’t like it was 15 to 30 years ago where one size fit all. There are many different companies and programs available to choose from these days, and it’s best to talk to more than one mortgage broker before you make a decision about who to work with. It’s wise to establish a relationship with your broker so that when it comes to a property you like, you’ll know whether or not you’re likely to get a loan for it.

Another reason that getting pre-approved is so important is that, at some point, you’ll hand over all your financial information to the mortgage broker. You should make sure that you feel comfortable with them, that you’re able to communicate well with them, and that they’re responsive to you.

Just like your real estate agent and your attorney, a mortgage broker is a very important part of the team who will help you to buy your next property. It’s vital that all members of your team are able to work together to protect your best interests and to move the ball forward so that you can finish your transaction smoothly and quickly.

If you have any questions or comments, don’t hesitate to reach out to me. I’d be glad to have a conversation with you to figure out how I can help you achieve your real estate goals.