The Home Buyer’s Step 1…

 

Many home buyers are searching for their dream homes. When the holidays are over, these home buyers’ home search will once again ramp up their effort.

In a competitive marketplace such as ours here in Southern California where buyers often need to stand out, one major way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Competition aside, understanding your budget will give you the confidence of knowing your goal of the dream home is at the end of the tunnel. This understanding will show you the light at the end of the tunnel.

Here’s what Freddie Mac has to say about this…

“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”

One of the countless advantages of working with a local real estate professional such as myself is that we have relationships with lenders who will be able to help you with this process. Getting good references can save you time but also formulate a “team” for your purchasing process.

The process will include gathering your credit history, debt, work history, savings, and your residential history.

Freddie Mac describes the ‘4 Cs’ that help determine the amount you will be qualified to borrow:

  1. Capacity: Your current and future ability to make your payments
  2. Capital or cash reserves: The money, savings, and investments you have that can be sold quickly for cash
  3. Collateral: The home, or type of home, that you would like to purchase
  4. Credit: Your history of paying bills and other debts on time

Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and it often helps from delaying the process once your offer has been accepted.

In conclusion…
Keep in mind, as a potential home buyer, we often see an overestimation of your qualification needed to secure a mortgage. So get informed, you might find that you are more qualified than you thought.

186 thoughts on “The Home Buyer’s Step 1…”

  1. If you are going for most excellent contents like I do, just go
    to see this web site everyday as it provides feature contents, thanks

  2. Magnificent beat ! I would like to apprentice while you amend your web
    site, how can i subscribe for a blog site? The account
    aided me a acceptable deal. I had been a little bit acquainted of this your
    broadcast offered bright clear concept

  3. I’ve read some good stuff here. Definitely price bookmarking for revisiting.
    I wonder how a lot effort you place to make this kind
    of fantastic informative website.

  4. I am not sure where you are getting your information, but good topic.
    I needs to spend some time learning more or understanding more.
    Thanks for excellent info I was looking for this info for my mission.

  5. Can I just say what a comfort to find somebody that genuinely understands what they are discussing over
    the internet. You actually realize how to bring an issue to light
    and make it important. A lot more people must look
    at this and understand this side of your story. I was
    surprised that you aren’t more popular given that you most certainly possess the gift.

  6. Terrific article! That is the type of info that should
    be shared across the internet. Disgrace on Google for not positioning this put up upper!
    Come on over and discuss with my web site . Thanks =)

  7. What i do not realize is actually how you’re no longer really much more neatly-appreciated
    than you might be now. You’re so intelligent. You realize therefore significantly in relation to this topic, made me in my view
    consider it from so many numerous angles.
    Its like men and women are not involved unless it is something to accomplish with Woman gaga!
    Your personal stuffs outstanding. At all times handle it up!

  8. I have been exploring for a bit for any high-quality articles
    or blog posts in this kind of space . Exploring in Yahoo I eventually stumbled
    upon this site. Reading this information So i’m satisfied to show that I have a very good uncanny feeling I discovered just what I needed.
    I so much surely will make sure to don?t omit this website and
    provides it a glance regularly.

  9. I feel this is among the most significant information for me.
    And i’m glad reading your article. But wanna commentary on some common issues, The site taste is ideal, the articles is in reality excellent : D.
    Just right job, cheers

  10. Hi there! I just wanted to ask if you ever have any problems
    with hackers? My last blog (wordpress) was hacked and I ended up losing many months of hard work due to no data backup.
    Do you have any methods to protect against hackers?

  11. Wonderful beat ! I wish to apprentice while you amend your site, how can i subscribe for a
    blog website? The account helped me a acceptable deal.
    I had been tiny bit acquainted of this your broadcast provided bright clear idea

  12. Whats up very nice website!! Guy .. Beautiful ..
    Wonderful .. I’ll bookmark your web site and take the feeds also?
    I am satisfied to seek out so many helpful info right here within the submit, we’d
    like work out extra strategies on this regard, thank you for sharing.

    . . . . .

  13. Heya i’m for the first time here. I found this board and I find It truly useful & it helped me out a lot.
    I hope to give something back and aid others like you aided me.

  14. What i do not understood is if truth be told how you are now not actually a lot more well-appreciated than you might be now.
    You’re very intelligent. You realize thus considerably on the subject
    of this topic, made me in my view believe it from so many various angles.

    Its like men and women don’t seem to be interested except it’s something to accomplish with Lady gaga!
    Your personal stuffs excellent. Always maintain it
    up!

  15. Greetings! This is my first comment here so I just wanted to give a quick
    shout out and say I genuinely enjoy reading your blog posts.

    Can you suggest any other blogs/websites/forums that go over the same topics?

    Many thanks!

  16. Heya i am for the primary time here. I came across this board and I to find It
    truly useful & it helped me out much. I am hoping to give something again and help others like you helped
    me.

  17. Simply wish to say your article is as astonishing. The clarity to your
    publish is just spectacular and i could think you are a professional on this subject.
    Well along with your permission let me to take hold
    of your RSS feed to keep updated with impending
    post. Thanks one million and please continue the rewarding work.

  18. Hello there, I discovered your website via Google whilst searching for a related topic, your site got here up,
    it seems great. I’ve bookmarked it in my google bookmarks.

    Hi there, simply become aware of your blog thru Google,
    and located that it is really informative. I’m going to be
    careful for brussels. I’ll be grateful if you happen to proceed this in future.

    Many other people will probably be benefited from
    your writing. Cheers!

  19. Someone necessarily lend a hand to make critically articles
    I might state. This is the very first time I frequented your website page and up to now?

    I amazed with the research you made to create this
    actual publish amazing. Fantastic activity!

    Here is my web-site :: judi pulsa

  20. Very nice post. I just stumbled upon your weblog and wanted to say that I’ve
    truly enjoyed browsing your blog posts. After all I’ll be subscribing to your
    feed and I hope you write again very soon!

  21. Great blog! Do you have any recommendations for
    aspiring writers? I’m hoping to start my own website soon but I’m
    a little lost on everything. Would you advise starting with a free platform like WordPress or go
    for a paid option? There are so many options out there that I’m completely
    confused .. Any tips? Thanks!

  22. This design is incredible! You certainly know how to keep a reader entertained.

    Between your wit and your videos, I was almost moved to
    start my own blog (well, almost…HaHa!) Wonderful job.
    I really loved what you had to say, and more
    than that, how you presented it. Too cool!

  23. I’ve been browsing online more than 3 hours
    today, yet I never found any interesting article
    like yours. It is pretty worth enough for me. Personally, if all website owners and bloggers made
    good content as you did, the web will be a lot more useful than ever before.

  24. First off I want to say great blog! I had a quick question which
    I’d like to ask if you don’t mind. I was curious to find out how
    you center yourself and clear your mind prior to writing.
    I’ve had trouble clearing my thoughts in getting my ideas
    out. I do enjoy writing however it just seems like the first 10 to 15 minutes are usually
    lost just trying to figure out how to begin. Any recommendations or hints?
    Cheers!

  25. I don’t know whether it’s just me or if everyone else experiencing
    problems with your site. It appears like some of the written text on your
    posts are running off the screen. Can someone else please comment and
    let me know if this is happening to them too? This might be a problem with my browser because I’ve had this happen previously.
    Many thanks

  26. Greetings from Ohio! I’m bored to death at work so I decided to browse your website on my iphone
    during lunch break. I enjoy the info you present here
    and can’t wait to take a look when I get home.
    I’m shocked at how quick your blog loaded on my phone ..
    I’m not even using WIFI, just 3G .. Anyways, awesome site!

  27. Hello it’s me, I am also visiting this website regularly, this site
    is actually pleasant and the people are actually sharing fastidious thoughts.

  28. Hi there i am kavin, its my first occasion to commenting anyplace, when i
    read this paragraph i thought i could also create comment
    due to this brilliant paragraph.

  29. you’re in reality a just right webmaster.
    The website loading pace is incredible. It sort of feels that you are doing any distinctive
    trick. Also, The contents are masterpiece. you have performed a magnificent
    process in this topic!

  30. My partner and I stumbled over here different website and
    thought I should check things out. I like what I see
    so now i’m following you. Look forward to checking out your web
    page for a second time.

    Also visit my web blog – judi slot online

  31. Thanks a lot for sharing this with all people you actually recognize what you are talking
    approximately! Bookmarked. Please additionally talk over with my site
    =). We can have a link alternate arrangement between us

    Feel free to visit my web blog :: slotpulsa365.xyz

  32. I like the valuable information you provide in your articles.
    I’ll bookmark your blog and check again here frequently. I’m quite certain I will learn lots of new stuff right here!
    Good luck for the next!

  33. I appreciate, result in I found exactly what I used to be looking for.

    You have ended my four day long hunt! God Bless you man. Have a nice
    day. Bye

  34. Simply wish to say your article is as astonishing. The clearness on your put up is simply nice and that i could assume
    you are an expert in this subject. Well together with your permission allow me to take
    hold of your feed to stay updated with forthcoming post.
    Thank you 1,000,000 and please continue the rewarding
    work.

  35. Spot on with this write-up, I honestly feel this amazing
    site needs much more attention. I’ll probably be back again to read through more,
    thanks for the info!

  36. Simply want to say your article is as surprising. The clearness for your put up is just spectacular and that i could assume
    you are an expert in this subject. Well with your permission allow me to grab your feed to keep updated with forthcoming post.
    Thank you one million and please carry on the rewarding work.

  37. Your style is really unique in comparison to other people I have read
    stuff from. Thanks for posting when you have
    the opportunity, Guess I will just book mark this page.

  38. Hey There. I found your blog using msn. This is a very well written article.
    I’ll make sure to bookmark it and return to read more of your useful information. Thanks for the post.
    I’ll certainly return.

  39. Very nice post. I simply stumbled upon your weblog and wished to say that I’ve really enjoyed browsing your blog posts.
    After all I will be subscribing in your rss feed and I am hoping you write
    again soon!

  40. Do you mind if I quote a couple of your articles as long as I provide credit and sources back to your site?
    My website is in the very same area of interest as yours and my visitors would certainly benefit from a lot of the information you present
    here. Please let me know if this alright with you.
    Cheers!

  41. Today, I went to the beach front with my children.
    I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to
    her ear and screamed. There was a hermit crab inside and it pinched her ear.
    She never wants to go back! LoL I know this is completely
    off topic but I had to tell someone!

  42. I think what you posted made a bunch of sense.
    However, consider this, what if you were to write a killer headline?
    I mean, I don’t wish to tell you how to run your website,
    but suppose you added a title that makes people desire
    more? I mean The Home Buyer's Step 1…
    – Leo Chen Real Estate Group is a little plain. You should peek at Yahoo’s home
    page and note how they create post titles to grab viewers to click.
    You might add a video or a pic or two to grab readers excited about what you’ve written. Just my opinion, it could make your
    posts a little bit more interesting.

  43. Hey! Do you know if they make any plugins to assist with Search Engine Optimization?
    I’m trying to get my blog to rank for some targeted keywords
    but I’m not seeing very good results. If you know of any please share.
    Thanks!

  44. That is a very good tip particularly to those new to
    the blogosphere. Short but very accurate information… Thank you
    for sharing this one. A must read article!

  45. Thanks for your marvelous posting! I quite enjoyed reading it, you are a great author.I will be sure
    to bookmark your blog and will come back very soon. I want to encourage one to continue
    your great writing, have a nice day!

  46. I know this web site offers quality dependent articles and other data, is there any other site which offers
    these kinds of things in quality?

  47. Having read this I believed it was really enlightening.
    I appreciate you taking the time and effort to put this content together.

    I once again find myself spending a significant amount of time both reading and leaving comments.
    But so what, it was still worthwhile!

  48. Hello there, I discovered your site by way of Google at the same time as looking for a similar matter, your website came up,
    it seems great. I have bookmarked it in my google bookmarks.

    Hello there, just turned into alert to your weblog via Google, and located
    that it’s truly informative. I’m going to be careful for brussels.

    I’ll appreciate if you happen to proceed this in future.

    Lots of folks shall be benefited out of your writing.
    Cheers!

  49. Whoa! This blog looks exactly like my old one! It’s on a totally different subject but
    it has pretty much the same layout and design. Excellent choice of colors!

  50. I have read so many posts regarding the blogger lovers except this
    article is genuinely a nice article, keep it up.

  51. I loved as much as you’ll receive carried out right here. The
    sketch is tasteful, your authored subject matter stylish.
    nonetheless, you command get bought an impatience over
    that you wish be delivering the following.
    unwell unquestionably come more formerly again since exactly the same nearly a lot often inside case you shield
    this hike.

    Feel free to surf to my blog: mainremi.com

  52. Please let me know if you’re looking for a author for
    your site. You have some really great articles and I feel I would be a good asset.
    If you ever want to take some of the load off,
    I’d love to write some articles for your blog in exchange for a link back
    to mine. Please send me an email if interested. Kudos!

  53. Good day! I could have sworn I’ve been to this site before
    but after checking through some of the post I realized
    it’s new to me. Nonetheless, I’m definitely delighted I found
    it and I’ll be book-marking and checking back frequently!

  54. Howdy! I know this is kinda off topic but I was wondering which blog platform
    are you using for this site? I’m getting sick and tired of WordPress because I’ve had issues with hackers and I’m
    looking at options for another platform. I would be great if you could point me in the direction of a good platform.

  55. Good day! I could have sworn I’ve been to your blog before but after
    looking at some of the posts I realized it’s new to me.
    Regardless, I’m certainly delighted I stumbled upon it and I’ll be
    bookmarking it and checking back regularly!

  56. My partner and I stumbled over here by a different
    web address and thought I might as well check things out. I like what I see so now i
    am following you. Look forward to looking at your web page
    repeatedly.

  57. Hi to every , since I am in fact keen of reading
    this web site’s post to be updated regularly. It includes fastidious information.

  58. I’ve been exploring for a bit for any high-quality articles or blog posts on this kind of space
    . Exploring in Yahoo I finally stumbled upon this site.
    Studying this information So i am glad to show that I
    have an incredibly just right uncanny feeling I
    found out exactly what I needed. I most surely will make certain to don?t disregard this web site and provides it a look regularly.

  59. Magnificent goods from you, man. I’ve understand your stuff previous to and
    you’re just too excellent. I really like what you have acquired
    here, really like what you’re saying and the way in which you
    say it. You make it entertaining and you still take care of
    to keep it wise. I can not wait to read much more from you.
    This is really a terrific website.

  60. I am extremely impressed together with your writing abilities and
    also with the structure on your weblog. Is that this a paid subject or
    did you customize it your self? Anyway keep up the nice high
    quality writing, it is rare to look a nice weblog like
    this one today..

  61. Hi there! This article could not be written much better! Looking through this article reminds me
    of my previous roommate! He continually kept preaching about this.

    I’ll send this information to him. Fairly certain he will have a good read.
    Thanks for sharing!

  62. I do not even know how I ended up here, but I
    thought this post was great. I don’t know who you are but definitely you’re going
    to a famous blogger if you are not already 😉 Cheers!

  63. Have you ever considered about adding a little bit
    more than just your articles? I mean, what you say is fundamental and everything.
    But imagine if you added some great graphics or video clips to give your
    posts more, “pop”! Your content is excellent
    but with images and clips, this blog could certainly be one of the very
    best in its field. Awesome blog!

  64. Wonderful goods from you, man. I’ve understand your stuff previous to and you are
    just extremely magnificent. I really like what you have acquired here, certainly like what you are stating and the
    way in which you say it. You make it enjoyable and you still care for to keep it wise.
    I can’t wait to read much more from you. This is really a tremendous website.

  65. Thanks a bunch for sharing this with all of us you actually know what you’re speaking approximately!
    Bookmarked. Kindly also discuss with my website =). We can have a link exchange contract
    among us

  66. Hey I am so thrilled I found your weblog, I really found you
    by mistake, while I was searching on Aol for something else,
    Anyhow I am here now and would just like to say many
    thanks for a fantastic post and a all round exciting blog (I also love the theme/design), I
    don’t have time to look over it all at the minute
    but I have book-marked it and also added your RSS feeds, so when I have time
    I will be back to read a lot more, Please do keep up the
    superb job.

  67. It’s actually a cool and useful piece of info.
    I am happy that you shared this useful information with us.
    Please stay us up to date like this. Thanks for sharing.

  68. I’m excited to discover this page. I want to to thank you for
    your time due to this fantastic read!! I definitely savored
    every bit of it and i also have you saved to fav to see new information in your blog.

  69. Nice post. I used to be checking continuously this weblog and I am
    impressed! Very useful info specially the final section 🙂 I handle such information much.
    I was seeking this particular info for a long time.
    Thanks and good luck.

  70. I’m impressed, I must say. Rarely do I come across a blog that’s both educative and amusing, and without
    a doubt, you have hit the nail on the head. The problem is something which not
    enough people are speaking intelligently about.
    I’m very happy that I found this during my hunt for something
    regarding this.

  71. Normally I do not learn post on blogs, however I would like to say that this write-up very forced me to check out and do so!
    Your writing style has been surprised me. Thank you, very nice post.

    Check out my homepage … bantenglive.com

  72. My spouse and I absolutely love your blog and find a lot of
    your post’s to be precisely what I’m looking for. Do you offer guest writers
    to write content for you? I wouldn’t mind composing a post or elaborating on many of the subjects you write regarding here.
    Again, awesome weblog!

  73. Hi just wanted to give you a quick heads up and let you know a
    few of the images aren’t loading correctly. I’m not sure why but I
    think its a linking issue. I’ve tried it in two different web browsers and both show the same outcome.

  74. Heya i’m for the first time here. I found this board and I find It really useful & it helped me
    out a lot. I hope to give something back and help others
    like you aided me.

  75. Sweet blog! I found it while browsing on Yahoo News. Do you have any
    tips on how to get listed in Yahoo News? I’ve been trying for
    a while but I never seem to get there! Cheers

  76. Hello my family member! I want to say that this
    post is amazing, nice written and include approximately all
    important infos. I would like to look extra posts like this .

  77. I absolutely love your blog and find a lot of your post’s to be just what I’m looking for.

    Does one offer guest writers to write content
    for you personally? I wouldn’t mind composing a post or elaborating on some of the subjects you write with regards to here.
    Again, awesome weblog!

  78. I was extremely pleased to discover this page. I wanted to thank you for your time just for this fantastic read!!
    I definitely appreciated every bit of it and I have you saved
    as a favorite to check out new stuff in your website.

  79. I’m extremely impressed with your writing skills and also with the layout on your
    weblog. Is this a paid theme or did you customize it yourself?
    Either way keep up the excellent quality writing, it’s rare to see a great blog like this one nowadays.

  80. Wow, awesome blog layout! How long have you been blogging
    for? you make blogging look easy. The overall look of your website is great,
    let alone the content!

  81. Hi, I do believe this is an excellent site.
    I stumbledupon it 😉 I will come back yet again since I book-marked it.
    Money and freedom is the greatest way to change, may you be rich and continue to guide other people.

    Feel free to surf to my website :: s128 apk

  82. Please let me know if you’re looking for a author for your blog.
    You have some really good posts and I feel I would
    be a good asset. If you ever want to take some
    of the load off, I’d love to write some content for your blog in exchange for a link back
    to mine. Please blast me an e-mail if interested. Thank you!

    Also visit my web site https://ayam-laga.com/

  83. Hi there, I found your web site by the use of Google
    whilst searching for a related subject, your website
    got here up, it seems great. I’ve bookmarked it in my google
    bookmarks.
    Hi there, simply turned into alert to your weblog thru Google, and located
    that it is truly informative. I am gonna be careful for brussels.

    I will appreciate when you continue this in future.
    Many people will be benefited out of your writing.

    Cheers!

    Look into my web page slotpulsa77.xyz

  84. Pretty great post. I simply stumbled upon your weblog and wanted to mention that
    I have really enjoyed surfing around your blog posts. After all I will be subscribing on your rss feed and I am hoping you write again very soon!

    Also visit my page – agen slot joker123

  85. I’m not that much of a online reader to be honest but your sites really nice, keep it up!
    I’ll go ahead and bookmark your website to come back later.
    All the best

    My web page :: sv388

Leave a Comment

Your email address will not be published.

Leo Chen Real Estate Group

Wait, you're not getting my daily emails?

Do you want the insider track to Orange County real estate? We’ll showcase the BEST  real estate deals, investor opportunities, and market insights.