What is the first step to buying a home?
First, you need to find out what you can afford. You can do this by pre-qualifying for a home loan. This step helps you narrow your search for both a neighborhood and a particular house. The pre-qualification is a simple calculation that considers several factors, including your income and the length of time you have been in the same line of work. A pre-qualification doesn t guarantee that you will get a loan, but it may be expected of you when you make an offer on a home.
