February 14, 2024 | Real Estate Tips

Budget & Mortgage Pre-Approval

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The best place to start is having a pre-approved mortgage that will give you an idea of what you can spend on a home before looking. We strongly recommend engaging in the services of a mortgage specialist for your financing needs. A mortgage specialist has expertise in residential financing.

Do:

• Collect the proper documentation to be as prepared as possible
• Government identification
• Bank account and investment statements
• Proof of income
• Information about potential debt

Do Not:

• Do not change jobs
• Do not apply for new credit cards
• Do not finance a new vehicle/take on a new lease
• Do not co-sign a loan for anyone
• Do not purchase large ticket items
• Do not change bank accounts

Capstone Real Estate Professionals have numerous mortgage brokers that we will set you up with to best target your situation.