Somewhere along the process of getting ready to shop for a home, you are going to need to shop for a mortgage. Most Realtors would insist that you be pre-approved for a home loan, or at least pre-qualified before you head out looking for a home.

So the questions arises: where do you find this mortgage before you find a home?

One way to do this is to think back to the last good transaction you had related to your mortgage – refinancing, for example. If you had an especially smooth transaction with almost no hiccups and the broker engendered a sense of trust in you (very important!) call him or her to get a mortgage.

If you’re one of the lucky few to have waited for this market dip and are a first-time buyer, I would recommend speaking to your Realtor first. Most Realtors have good working relationships with mortgage brokers they have done business with in the past and trust. They can usually put you in touch with them. The good part of this kind of relationship is that there is accountability on both sides of the equation. But don’t feel pressured into using any one broker. Gut feel is most important when picking the right person.

Good luck!

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