Unless you're financially independent and intend on paying cash for your next real estate purchase, dealing with the mortgage application and approval process is absolutely imperative to all real estate sales transactions. Obtaining a solid pre-approval from your reputable mortgage broker of choice is a prerequisite to your home search. Having an in-depth conversation with your mortgage broker to discuss your income, debts, and targeted monthly mortgage payment amount will better help them to determine what your maximum home purchase price should be, taking into consider your monthly mortgage principal and interest, home insurance, utility bills, and property taxes, which normally all get wrapped up into one monthly payment to your mortgage lending institution. All of this should, and quite frankly, must be discussed with your mortgage lender before speaking with a real estate professional, and definitely before beginning your home search. However, we do promise you that the mortgage process, while incredibly essential, is not something that you should fear!

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