Get Pre-Approved

One of the best things you can do is get pre-approved for a loan. By getting pre-approved you'll know you're always making an offer that is within your ability to pay because getting pre-approved provides you with an estimate of how much you can borrow. You'll also strengthen any offer you make by including a lender's letter of pre-approval. In order to get pre-approved you will need to know the amount of cash you have available for a down payment, amount of cash available for closing costs, your current income, your job status, your assets, and finally your debts. After you are pre-approved you can work with that lender or another lender.