The very first thing on your "to do" list, is to arrange your financing.

This should be done

before you look at your first potential home.

It is your very first step.

Many people make the mistake of delaying this step, which only causes unnecessary heartache later on.

If you look at homes in the $750,000 range, and later find out that you only qualify for $500,000, then the homes that are actually in your price range will be a bit disappointing after seeing the more expensive ones. You should not have been looking at the more expensive homes. Also, some buyers are actually able to qualify for more home than they expect.

Today's loan approvals, while not as free-wheeling with the "anything goes" atmosphere of a few years ago, are relatively painless.

Michael Cornell can suggest a good loan officer for you to consult.

Keep in mind that most good home loan professionals will have just about the same rates and fees if you check the details.

It is critical that you use a reputable, experienced, local home loan professional with a track record of closing loans on time at the agreed terms.

Be VERY WARY of any loan officer who promises you rates or fees that are substantially better than his/her competitors. These low-ballers often fail to produce what they promise.

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