Tuesday, January 24, 2023

2023 Home Buying NY Resolution #3 - Get A Mortgage Pre-Approval

 

3. Get A Mortgage Pre-Approval

The interest rates are rumored to go higher in the coming year. This can dramatically impact the mortgage amount you can get from the lenders. 

Once you get pre-approval for the mortgage, your rate will be locked for a specific period.

However, you may not buy a home forcibly or commit to a lender. But by getting written approval of the amount and interest rate, you can talk to realtors and shop for a home within your budget.

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