Buyers Step 1: Get Your Mortgage Pre-Approval

YES, the most important first step before you start house-hunting is to understand your buying power.

How do you do that? You simply reach out to a mortgage lender and start chatting about your finances + goals with the home purchase. For example, will this be your primary residence or a vacation home? Are you searching for an investment property or do you want to do a flip, etc?

Why do you do that? Its imperative that you’re “shopping” within the correct price bracket and understand the parameters of your specific loan.

Buyers, if you’re serious about buying a home, take the important first step and connect with a local mortgage lender. Your real estate agent will have a list of vetted lenders to share with you— those that consistently close on time, meet deadlines during a transaction, ensure appraisal + report is on track and those that are BOSSES pushing it through phases of underwriting and communicating along the way.

Finally, you’ll have estimated closing costs which include (but not limited to) origination fees, title fees, appraisal fee. Remember, you still need to hold cash aside for inspections too.

Starting the pre-approval process will encourage you to start gathering all of the documentation needed

• Approximately 2 years of tax returns

• W-2s

• Pay stubs

• Recent bank statements

If you are starting your home search in Morris County, New Jersey and have questions about the real estate market or home buying process, reach out to local real estate agent, Brandie Brojan at www.brandiebrojan.com.