Bridget's Blog


How Soon Should I Talk To A Lender If I Want To Buy A Home?


How Soon Should I Talk To A Lender If I Want To Buy A Home?

"I want to buy a home, what do I do first?"

When you are first considering  a purchase it will be helpful to begin preparing a budget and know your area of interest.  Then contact a lender.  Most of us don't bite.  We aren't going to judge you, we really are hear to help!

I want to buy a home, what do i do first?

The sooner you get started on the preapproval process, the sooner you will know what steps to take before you "must" be mortgage ready. Some folks are surprised to find that they are already mortgage ready.  Some folks are surprised when they are not mortgage ready.  Speaking with a lender will help you to know where you are, so you can be sure that you know where you are going!

Your lender will be able to tell you if  there are things you can do to tweak your credit score, if needed, to ensure that you get the best loan available. Sometimes tweaks can take time.  You will find out how much money you need for a down payment and for closing costs.  You will find out what is ahead, and things to avoid that could hurt your loan approval.

Good lenders will review your credit report and your income and asset documentation, as well as your big picture goals to help you to determine your best loan options and your next steps.

When you are really ready to put in an offer on a home, you may need to update your documentation. This will allow the lender to make sure that nothing has changed that could affect your approval and the lender will provide a letter for submission with your sales contract. 


How Soon Should I Talk To A Lender If I Want To Buy A Home?

The sooner, the better!

Warm Regards,

Bridget McGee  Maryland Mortgage Mama  NMLS# 196068  SWBC Mortgage.   410-960-2061 EHO or


If you are considering purchasing a home in Maryland and want to be sure you are mortgage ready, my brother Tony and I will be happy to help! We help to make the mortgage process a pleasure! 

If you already own your home, we are happy to provide a no-cost mortgage review to help you to determine if refinancing may be in your best interest.  Please contact me at 410-960-2061.

Comment balloon 6 commentsBridget "Mortgage Mama" McGee • March 11 2013 08:06PM


Can't say it loud enough... PREAPPROVAL IS the FIRST step in home buying in any market.  Think about showing the same respect you would expect from your Real Estate Professional.

We do not get paid unless you purchase a home, so please don't ask us to show you homes until we all knwo you can actually purchase a home.

If you want a tour of our area, call a taxi.  At $3.89 per gallon, and no compensation unless you purchase, if you don't have 15 minutes to speak to a lender, then I don't have 2 hours to drive you around. 

Posted by Florida Tolbert Team Keller Williams Advantage, Keller Williams Land Luxury Division Specialist (Keller Williams Advantage III Realty in Lake Nona) about 7 years ago

You need to know right from the get go as to whether you are in the position to buy a home let alone the price range you are looking at ... everything else is just hurting yourself and is just window shopping with someone who can't afford to loose that time.

Posted by Stanley Stepak, Realtor - Avon Lake, Avon, Bay Village, Westlake, (Howard Hanna - Avon Lake, OH) about 7 years ago

start yesterday then call your realtor to help you find your dream property today that is the way we roll!

Posted by Mark Loewenberg, KW 561-214-0370 (KW of the Palm Beaches) about 7 years ago

Agreed!  Most agents won't (shouldn't) even work with you without that pre-approval letter.  I don't.  My time, as well as everyone else involved, is too precious.  It's usually free through a mortgage broker and takes 5 mins. If you go to a bank it varies.   You'll be thankful you did it.  You'll know how much house you can afford, if any, or what you can do to prepare your credit to buy a home.

Posted by Vienna Bello, Real Estate Sales, Rentals & Consulting, GRI, SFR (Liberty Realty, LLC) about 7 years ago

I have had people talk with a lender even more than a year out.  Sometimes they didn't qualify for what they wanted, but were advised in ways to get there... paying off a car, paying off a credit card ect... It's always the best first step and frankly never too early.

Posted by Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville (Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668) about 7 years ago

Get thee to a lender before you start the process. Watching a buyer look at homes out of their range can be devistating. Hard to comprimise when you have gotten used to homes $100k over your budget. On the other hand, you may be qualified for a lot more depending on the available programs etc.

Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 6 years ago