Know what size loan you can afford. Many experts say your mortgage loan shouldn't exceed 2. 5 times your annual salary. Your monthly payment will be dictated by the size of your loan and the amount of your down-payment. You can reduce the size of your monthly payment by increasing the size of your down-payment. Get pre-approved by a mortgage lender.
Before beginning your home search, it's a good idea to get your loan pre-approved by a mortgage lender.
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A direct lender or a broker. Can a direct lender provide guaranteed payday loans. Lets examine the difference between a direct lender and a broker.
A direct lender processes your application and gives you money directly. In contrast, when you submit your application form to a broker, they sell it to direct lenders. They may even charge a fee for this.