Buying A House? Get Prequalified For A Mortgage

Are you ready to get off the fence and jump into the real estate market? Good for you…there is still a decent, though starting to dwindle inventory, and interest rates are still at historic lows.

There is a lot of competition out there, especially from cash buyers, so be prepared befor you start looking at houses. Get prequalified for a mortgage. It is pretty easy to do. To get a really good idea of how much property you can comfortably afford, provide your mortgage broker with copies of your last two years 1040s and W2s, recent payslips, and bank statements.