Steps to Home Ownership

How to obtain Homeownership

1. Loan Approval
Pre-Approval is a letter that you will recieve from the lender of your choice.  You can call your local bank or I can suggest some companies to you.  Financing is your most important step without the money you cannot buy.  So before you even look you need to get Loan Approval NOT PRE approval.  Whats the difference?  Pre Approval is when you can just call on the phone and tell the lender your financials and credit history and they will calculate from your numbers and give you a pre approval.  Loan APPROVAL is when you sit down with the lender and give them your w2s, bank statements & other documents they require.  The lender will then VERIFY employment, ect.  and run your CREDIT REPORT so this means if your planing to buy property now or in the future the days of OOPS are gone!  PAY your bills/credit ON TIME!
Once you get LOAN APPROVAL you will know how much cash you will need to have and  what price you can pay for a property. 
Advice: Pay bills ON TIME
dont make anymore credit debt

Next: Step 2 Looking for the right investment property!