Today’s buyer tips are the next step in the buying process. Hi, I’m Deb Federico Realtor with the Bean Group. In my last video I addressed researching the area you would like to move to. Today I would like to provide tips in the next part of the buying process, which is choosing a lender and getting prequalified.

1. If you are moving to a new state, check out the lenders in that state. Some local lenders have access to state loan incentive programs to help their buyers. In New Hampshire you can check out gonewhampshirehousing.com. 

2. Be aware there are lenders other than your big Banks or credit unions. There are many mortgage companies who deal exclusively in mortgage loans. For this reason, they can sometimes provide a more streamlined process and personal touch that is worth considering. 

3. Before you start looking at homes online or in person, you need to know how much you can afford. This is super important. The amount you qualify for will be affected by the type of property and location. Make sure you share this information with your lender. The location gives the lender an idea of the property taxes they need to build into the loan estimate and things like condo fees may have a significant impact on the loan amount you are eligible for.

If you have any questions regarding this information or if you need assistance with real estate in the Southern New Hampshire area please give me a call thank you for listening.