Why You Should Talk To a Loan Officer Before House Shopping

Unless you’ve done adequate research and have a good grasp on your finances, shopping for a home without consulting a loan officer is like going shopping without knowing what’s in your wallet. Here are some reasons to involve a loan officer from beginning to end.

As insinuated earlier, your loan officer will help you set realistic expectations as to what you can afford. Nothing stings more than falling in love with a home only to find out it is completely out of your budget.

Although there is something that will work in your favor when you do find an affordable home that you love: preapproval. Your loan officer can help you to be preapproved for a loan so that a seller takes you seriously when you’re ready to buy. Lastly, your loan officer can inform you of most all of the costs that will be associated with buying your home. This will prevent you individually from running into any hidden fees.

Call your loan officer today if you’re wanting to begin your search for a new home!