Home Buyers Guide – Part 1

Before you start shopping for a home, you need to know how much you can spend. Your mortgage lender will take a look at 3 things to determine how much you can borrow.

1. Credit – What is your credit history? Do you have bad credit? No credit? What is your credit score?
2. Income – How is income earned? Is it consistent? How long has it been received?
3. Liquid Assets – Most people need some cash on hand for a down payment or settlement fees. This could be money in a savings account, a CD, a Money Market account or even a retirement savings account.

When you sit down to talk with your lender, it will be important to discuss where you want to live, as there are special programs which depend on geographical area.


Some people qualify for more money than they expect if they are less picky about exactly where the home is located.


Once your mortgage lender has this information, they can prepare a pre-qualification letter, giving you an approximate dollar amount that you are approved for, along with the estimated interest rate for the loan.

Now you are ready to start shopping!  Click here to read about Step 2: Finding a Home.

We hope you find this blog series helpful.  Click here to download an exclusive eBook covering all four steps of buying a home, along with some bonus information and a checklist to make sure you don’t miss a step.


Read the rest of the series:

Home Buyers Guide – Part 1

Home Buyers Guide – Part 2

Home Buyers Guide – Part 3

Home Buyers Guide – Part 4



Joe Bye and Brad Eckhoff have many years of experience in the Home Mortgage sector and can help you get into the home you have always wanted.
Contact Joe and Brad and they will get in touch with you shortly.

Joe Bye & Brad Eckhoff – Mortgage Lenders