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If you want to buy, it makes sense to find out how much you can borrow. If you get
qualified or apply for a loan, you'll know how much you can afford, you'll strengthen your
position as a buyer, and you'll have a basis to compare different loans and make the best
choice for you, which may mean tremendous savings over the life of the loan. It also makes
sense to secure a lender's commitment as soon as you know that you want to buy - especially in a hot market, when houses are selling fast. |
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Find out how much you can really afford, you may be able to afford more than you
thought, and you'll know what all your costs will be so you can stay within your budget.
Make yourself a stronger buyer. You have an advantage as a
qualified buyer, because the seller knows you can get the loan and close the deal, they
will consider your offer more seriously. |
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