Don't make one of many critical mistakes that buyers make on a regular basis when purchasing a home.
Making an offer on a home before you been pre-qualified is the number one mistake a buyer can make.
Don't get caught in that trap like so many buyers do. In a world where there is competition for the best homes, don't lose out because you're not organized. This is a simple conversation you can have with a loan officer to avoid losing out on the home of your dreams.
There are several reasons why this is important. First and foremost you want to make sure that the home you're purchasing is a home you can afford. The last thing you want to do is end up being house poor. That's when all you can do is make your payment and have no money left over after that to go out and do anything fun.
It also makes you much stronger buyer in the eyes of the seller. If you go into a multiple offer situation and have all of your financials figured out. It puts you in a much better position to negotiate and not lose out on the house you want. I've seen this happen one too many times in multiple offer situations on a listing I have. We get two or three offers and one of them doesn't come with a preapproval so it makes it much less enticing for the seller to consider seriously.
Don't get caught in this trap take the time to know your financials.
Tom Sommers 952-994-7204