The first thing you need to do is get pre-qualified. This helps you determine whether you may qualify for a loan. Take this step before looking at homes as finding out what you may qualify for can help you to search in the right price range.
Determine How Much Home You Can Afford
Your Empire Mortgage Loan Officer can determine your purchasing power, which gives you a guideline as to how much home you can afford – before you start looking. We will show you a variety of different types of financing and will determine how much you qualify for with each of those types. Based on your desired payment level and type of financing with which you feel comfortable, we can determine your purchasing power.
Know What Your Monthly Payment Will Be
Before picking a price range, you should make sure that you are comfortable with your total monthly payment: principal, interest, taxes, insurance (mortgage insurance and HOA dues, if necessary). This allows us to Pre-Qualify you for an amount that will fit into your budget.
Empire Mortgage, LLC | 1880 Silas Deane Highway Rocky Hill, CT 06067
Empire Mortgage is as a licensed Connecticut Correspondent Mortgage Lender; NMLS #113183 Verify our license at: www.nmlsconsumeraccess.org.
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