MEETING WITH YOUR LENDER

You should consider meeting with the loan officer as soon as possible in your home buying process to review and be sure you understand every aspect of the loan process. A wise strategy would be to get pre-approved. This is easy to do and could possibly save you thousands in negotiation on a new home. Most lenders can get you approved for a loan even before you have selected a home. Your loan will be approved "pending a property & appraisal". Pre-approval makes you, the buyer, much more comfortable knowing that you won't find your dream home only to have the loan turned down and sellers are much more likely to deal with you on the sales price if they know that you are a qualified, pre-approved buyer and that nothing will fall through. You should leave the lender appointment with a clear understanding of what your complete monthly payments will be, a pretty good estimate of how much cash you will need (from beginning to end) and what supporting documentation you will need to furnish to the lender.