Undoubtedly one of the hardest tasks in purchasing a property, especially the first time, is getting your financial profile strong enough to be able to qualify for a mortgage. Getting that mortgage preapproval letter is key to being able to get out in the market and make strong offers. Hopefully you've found this resource before you've started your journey. In this video we dive into 3 things to prepare yourself to get preapproved for a mortgage.

If you're looking to buy a home then you've undoubtedly been thinking about how much to save for a down payment on a house. Even if you are eligible for down payment assistance there are still other costs involved. Either way you'll want to have a minimum amount set aside for a down payment a house. Besides being able to get lender approval for a loan, the more you have saved the better negotiating position you'll be in.