Although not required by lenders, to speed the process you might choose to secure financing before you start home shopping. As a benefit, when you get prequalified, you will know exactly how much you can afford to finance with a mortgage. This will help you narrow down your search criteria and budget accordingly, and can also provide leverage when the time comes to make an offer. Sellers often feel more confident entering into a contract with a prospective buyer who is financially qualified to make the purchase.
Are you ready to take the next step?
Want to learn more about the home buying process? Take a look at what you can expect during the home approval process.