Undoubtedly one of the hardest tasks in purchasing a property, especially the first time, is getting your financial profile strong enough to be able to qualify for a mortgage. Getting that mortgage preapproval letter is key to being able to get out in the market and make strong offers. Hopefully you've found this resource before you've started your journey. In this video we dive into 3 things to prepare yourself to get preapproved for a mortgage.

If you're looking to buy a home then you've undoubtedly been thinking about how much to save for a down payment on a house. Even if you are eligible for down payment assistance there are still other costs involved. Either way you'll want to have a minimum amount set aside for a down payment a house. Besides being able to get lender approval for a loan, the more you have saved the better negotiating position you'll be in.

If you didn't put more than 20% down on your home you likely had to escrow your taxes and insurance to make your lender happy. Every year your lender will review your escrow account that was established when you closed on your home or property. If needed they'll send you a bill every year to cover any amount paid on your behalf. Even though we cant stop taxes and insurance costs from going and up and down, we can manage how it affects our lives. Hopefully these escrow account tips help put you in a power position.

If you're adding up costs to make a decision that's a good thing. It means you know whatever you choose to do is going to cost you time and money, and you're evaluating your resources. The list of what ifs can go on and on, but exactly how much do you need to get your Texas real estate license. If you do the things that matter you can have your investment back and a return within 90 days.