You want to buy a house. You may have contacted a real estate agent, who told you to call back once "preapproved." How do I get a mortgage?

Mortgage Application Steps 1. Prequalify First, get preapproved for a mortgage. Preapprovals are straightforward. Before shopping, know how much a lender will loan you.

2. Prepare paperwork Most lenders seek debts, assets, credit history, and employment and income evidence. You won't need all this paperwork to get a loan preapproved.

3. Determine Your Budget Your preapproval letter will tell you how much money a lender is willing to let you borrow.

4. House-hunt The most exciting element of the mortgage process is house-hunting. You picture life in each house you visit.

5. Make An Offer Let’s say you’ve found the perfect house. It’s now time to make an offer. There are several things to think about here.

6. Finalize The Loan After you’ve legally bound your offer with a purchase agreement, you’re ready to apply for your mortgage and finalize the terms of the loan. I

7. Wait For Underwriting 8. Get A Home Appraisal 9. Prepare To Close