Many prospective homebuyers don’t realize that the first step in the home buying process is NOT looking for a home. It’s contacting a qualified Mortgage Agent to get a mortgage pre-qualification. A pre-qualification gives you a good idea of your mortgage loan possibilities so that you can fine tune your price range. Once you narrow down your home search, you can move to the next step in the mortgage process and get pre-approved. A pre-approval can result in a guaranteed loan amount and interest rate. For a detailed explanation of pre-qualification and pre-approval, take a look at this helpful article by Brian O’Connell writing for Investopedia.com, or check out this guide from Trulia.com. For help finding a Mortgage Agent, contact Vanguard Realty Associates.

Tags: Mortgage Agent, mortgages, prospective homebuyers