Before you begin shopping for your next home, know exactly how much you can spend by obtaining a pre-approved mortgage from your financial institution. This is an important step that can make the difference in whether or not your offer is accepted by the seller, especially when multiple offers to purchase are submitted. Most reputable Realtors will insist that their clients obtain financing pre-approval and can recommend a number of mortgage lenders who are best suited to the needs of each individual client.
Next, Research The Neighborhood