I see you have already received some good advice; however, the best place to start is at home.
Gather the last 6 months of your financial information first; bank statement, credit card statements, car payments, health insurance premiums, and record of income. Collect records for everything that you pay for monthly. Although, it may not be necessary at this time, you should pull up your credit score just to see where you are.
Once you have gathered all of this information you can then start the process of pre-approval. In fact, you can start online. Go to your favorite bank or lenderâ€™s site and enter all the information they request into the calculator. Be as honest and accurate as you possibly can. This information will later be verified by the lender when you apply for a loan. By now you should have all of this information at your finger tips since you would have collected all this beforehand.
Once you have been pre-qualified, you will have an idea of what you can afford to pay base on the income and expenses you provided. If any of the information you provided the bank or lender changes, you must go through this process again.
You are now ready to work with a licensed agent. This service is free; the agent commission is paid by the Seller.
If you have any other question, please contact me at 786.302.0351 or email me at juan@insideMIAMIrealestate.com.
Juan Sanchez - Broker Associate - Real Living FSR - Coral Gables, FL USA