Getting pre-approved for a mortgage helps you understand your budget and strengthens your offer.
Most buyers put down 10–20%, but some loans allow as little as 3–5%.
It depends on your finances. Selling first avoids carrying two mortgages, but limits buying flexibility.
On average, it takes 30 to 60 days from offer acceptance to closing.
Pre-qualification is an estimate; pre-approval involves documentation and shows you’re a serious buyer.
It’s not required, but an agent offers guidance, negotiation skills, and market expertise.
Expect to pay for the down payment, closing costs, inspection, appraisal, and moving.
Closing costs are fees for loan processing, title, taxes, and other legal services—typically 2–5% of the home price.
It’s a professional assessment of the property’s condition, helping buyers avoid hidden issues.