In step 2 of How to buy a home we covered how to analyze your needs with a one on one buyer consultation.
The next step in the home buying process is Getting your finances in order.
Step 2. Get your finances in order and getting pre-approved
Ah money! After you have discussed your ideal criteria with your agent you will now get a feel for how much a home will cost in the location, size and condition you want to purchase. If you do not have liquid assets to make this purchase you will need a pre-approval letter before heading out on the town in search of your new castle. Your agent should have trusted referrals to share as they work with these professionals on a regular basis. Get 3 or more referrals from your agent, friends, family or co-workers. Try to get referrals from people who have actually worked with these people to get a mortgage and not just someone who knows someone. There are several types of places you can get money to purchase a home: Lenders, Mortgage brokers, Savings banks, Credit Unions, and hard money investors are just some resources..........
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