After you’ve got your finances in order and made sure your credit report is current, then you’ll want to take the next step and get a pre-approved mortgage.

Most home owners and realtors will want potential buyers to be pre-approved. In fact, you might not even get in the door to talk without pre-approval.

You’ll have to have good credit, a history of paying your bills on or before their due dates, and a debt-to-income ratio of 43% or thereabouts. Most lenders prefer that your housing expenses are 30% of your monthly gross income, so check that before going to your banking or lending institution.

Your real estate agent is the best source of information about the local community and real estate topics. Give Kevin Cooper a call today at 603-657-6787 to learn more about local areas, discuss selling a house or tour available homes for sale.

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