Once you’re confident you have enough cash saved to pay for the down payment and closing costs, you’re ready to talk to a mortgage lender.
Once you’re confident you have enough cash saved to pay for the down payment and closing costs, you’re ready to talk to a mortgage lender. It is often suggested that a homebuyer should begin the process of buying a home by speaking with a lender. By doing this, the buyer will know how much home they can afford based on their income and debts. Many real estate agents prefer customers do this before looking for a home because it helps define the search criteria based on what the buyer can afford. Don’t forget to ask if they are an AHFA participating lender.