Whether you are buying your first house or your fifth house, your first
step is to see a lender to work out a monthly payment that you are
comfortable with and get a pre-approval letter stating the amount of the
home loan that you are pre-approved for. In order for a buyer to
seriously consider your offer, a copy of the pre-approval letter must be
attached. Being pre-approved allows you to narrow your house search to
those properties that fit your budget. For answers to all your questions on
mortgages and home financing visit the Mortgage
Professor.
