The Family Home-Buying Guide
Pre-approval is a smart idea. Taking this step means you've been tentatively approved for a mortgage of a certain size, giving you a sense of how much you can safely spend on a home. It also shows sellers that you're a serious contender, which can make a difference when you're bidding against other buyers. "There are two main things a seller wants to know about buyers: Are they willing to pay my price and can they close a deal if we agree?" says Dale Taylor, a realtor in Chicago. Start by using an online home-affordability calculator to determine how much money you can bor...
Source: parents.com