Making a Move

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When you’re thinking about making a move, the first steps in the home buying process are:

  1. Deciding when you want to make your move
  2. Considering how much money you would like to spend
  3. Thinking about the type of home you would like
  4. Deciding where you would like to live

The next step is finding out how much loan you can qualify for and deciding the type of financing that will work best for you.
If you’re thinking about it, you will want to speak with a lender about receiving pre-qualification. If you choose to become pre-qualified, the lender will determine how much you can borrow based on financial information you provide to the lender.
Pre-qualification is useful for making preliminary decisions about how much home you can afford but does not assess your creditworthiness.

You will need to fill out a loan application and go through the lender’s loan approval process at a later date. When you decide to buy a home, you will want to become pre-approved for a loan prior to beginning your home search.