If you’re ready to buy a home in Sarasota, then let us be the first to say congratulations! Now that you’ve put your mind do it, it’s time to get your finances in order to make sure that you can make this dream a reality, and the biggest first step is applying for the ‘m’ word —a mortgage. Whether it’s your first home, second home, or another investment property, the basic rules for mortgage approval will still apply. You need to have excellent credibility with your previous and existing lenders, and prove that you can afford to take on the responsibilities of another large loan.
To help highlight this process for you, we’ve put together a handy infographic to outline what you should do and shouldn’t do when applying for a mortgage.