Mortgage loans can be very confusing for first time buyers and those only making a loan application every 10 or so years. Things change all the time so today's loan may be a lot different than you remember.
The main steps are as follows:
In the past this was not a big deal. Most anyone with average credit and a job could qualify. Today the process is strict and the best way to save time and stress is per-qualification. This letter in hand will help during the price negotiation process and prevent you from over spending by accident.