Your South Florida Real Estate Expert

If you're like most buyers, a home is the most expensive purchase you'll ever make, and you'll probably need some form of financing.

There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price.

1. Straighten Out Your Finances

Credit reports are a continuing look at how you manage your finances. Before applying for a mortgage, you’ll need to know exactly what your credit reports say about your financial history. Credit reports are an important factor in the approval process for a mortgage and also determine the interest rate and other loan conditions that a lender will offer you. Errors are commonly found in credit reports so don’t be surprised at what you’ll see, instead contact the credit bureau and report any discrepancies that you feel have been entered. The credit bureaus will contact the creditor and make the necessary corrections therefore improving your overall credit rating.

2. Get Yourself Pre-Approved for a Mortgage

Getting pre-approved helps your home buying process. By speaking with a lender, you can find out how much you can afford to pay for your new home. Getting pre-approved also helps in other ways, for instance an offer to a seller that is accompanied by a letter from your lender stating that you are pre-approved for a mortgage in the amount of the offer or higher will always be more attractive to a seller than an offer that has no supporting documents.

I would be happy to refer you to some very good mortgage contacts I have, or to help you in any other way I can to secure the best possible rate for your home purchase.