A Mortgage Lender is not your typical banking clerk. They are an important team member on your home ownership path. Knowing which factors impact affordability is KEY prior to beginning your home search.

Buying a home is a significant financial decision that requires careful planning and preparation. One crucial step in the home-buying process is getting preapproved for a mortgage. This involves submitting your financial information to a lender who will evaluate your credit score, income, and debt-to-income ratio to determine how much you can borrow and at what interest rate.

To increase your chances of getting preapproved and securing a favorable mortgage rate, it's essential to prepare your finances beforehand.

This includes (but is not limited to):

  • Reviewing your credit report

  • Addressing any errors or areas of concern

  • Paying down high-interest debt

  • Saving for a down payment and closing costs.

Additionally, it's important to avoid making any major financial changes, such as opening new credit accounts, taking out a new loan, or changing jobs, as these can negatively impact your creditworthiness and affect your chances of getting preapproved.

By taking these steps to prepare your finances and get preapproved, you'll be in a better position to navigate the home-buying process and find the home of your dreams.

Looking for recommendations for fantastic local lenders?

Here’s a link to some of our favorites.

“She taught me what to look for.”

“Working with Terra was the best decision I could have made; not only did she take my lifestyle and needs into consideration, but she also taught me things I should look out for that had never even crossed my mind. She was professional, friendly, responsive and a joy to work with. She helped me find a home that not only met all of my needs but is also a place where I see myself growing and thriving.”

— W.W..

“Proactive, Responsive, Friendly.”

“Outstanding, best realtor I have worked with and I've worked with a lot. Sharp, proactive, responsive, friendly and went out of her way to help us prior to us moving in. I will absolutely be working with Terra again."

— J.R.

“Terra helped us purchase our dream home on Bainbridge Island, WA.”

“Terra is an AMAZING real estate agent! She helped my wife and I not only sell our home in Renton, WA but also purchase our dream home on Bainbridge Island, WA. She’s a true professional in her industry and I highly recommend her.”

— M.C.

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We are here to help you achieve your real estate goals. Schedule a consultation, or download our free homebuyer’s guide to get started.