Home Buyers: How to Avoid Paying Too Much for Your Laguna Woods, Palmia or Casta del Sol Home

Getting a loan pre-approval is the smart way to shop for a home. It tells sellers that you’re a serious prospect, and you know in advance the maximum mortgage you can afford. Make sure you get a commitment in writing. I’ve seen many buyers make the mistake of learning what they qualify for but not getting that pre-approval in writing.

The good news is that it’s easier than ever to qualify for a home loan. Lenders have modified qualification rules and created programs designed to help people even if they have problems in their credit or employment histories. Many programs call for dramatically reduced down payments—the biggest obstacle for first-time home buyers in particular.

This is Tip 2 of a series of 24. Watch Melanie Callahan's blog for upcoming helpful tips on how to maximize your return on investment when you do buy (and later, sell) your Laguna Woods, Palmia, Laguna Woods Village or Casta del Sol home.

Melanie Callahan proudly serves the real estate needs of area residents, including Laguna Woods active adult living and other 55 plus communities.