Do you invest in the stock market? When do you buy – when prices are low or high? Looking for a new TV? If the model you want is on sale at $100 off, would you wait until the sale was over to buy? If you wanted to serve steak to your family and noticed it was on sale at $1.99 a pound, would you respond with a trip to the store?

Thought about buying a home? Don’t wait! Interest rates recently dropped again to a new 40-year low. This presents an awesome opportunity.

So, where do you begin? Choose an agent, and then set an appointment with a local lender. No longer is it necessary to begin a home search without knowing whether you qualify for a mortgage. No longer must you guess at the price range for which you qualify.

Provide the loan officer with details about your income sources and any debts you may have. Be prepared to provide names, addresses, and account numbers. Discuss openly any factors that may have an adverse impact on the lender’s decision.

Once you’ve obtained a firm loan commitment, begin your home search with confidence. Sellers will respond more favorably to your purchase offer due to your strength as a buyer, and your low interest rate will put you in more home for the money.