HOHMAN FINANCE

Getting the mortgage math right the first time is essential for long-term financial success. Follow our three step program to successfully navigate your journey to home ownership. 

First, we recommend reading this comprehensive book on housing affordability to develop your plan to buy an affordable home.

Preparing and maintaining a realistic budget is the next step on your path to home ownership. 

It is vital to determine a monthly mortgage payment you can comfortably afford. This amount is probably a lot less than the largest payment for which you may qualify. 

We will provide a free budget template for you to complete and then schedule a follow-up to make sure you are on the right track. 

We will review your detailed financial information, documentation and credit scores to preapprove a mortgage in line with your budget and desired home purchase amount. The letter we provide will be used in conjunction with your offer to buy a home.  

You only need a mortgage preapproval letter from one lender because it does not obligate you to work with them. 

Once you have a signed Purchase Agreement to buy a home, you ought to obtain Loan Estimates from a few lenders to determine who will be best to provide your mortgage.