Meeting with a mortgage broker

[Jennifer Jaramillo]

I am still learning a lot about real estate so I have a lot of questions. I’m planning on purchasing my first property with a family member to start off my portfolio within in the next year and a half. Should I consult with a mortgage broker before I have my down payment saved up to get an idea on whether I would be qualified for a loan and get more information on the type of that would work best for us? Or should I just see one once I’m ready with my down payment ?

[Shaun Weekes]

Originally posted by @Jennifer Jaramillo:

I am still learning a lot about real estate so I have a lot of questions. I’m planning on purchasing my first property with a family member to start off my portfolio within in the next year and a half. Should I consult with a mortgage broker before I have my down payment saved up to get an idea on whether I would be qualified for a loan and get more information on the type of that would work best for us? Or should I just see one once I’m ready with my down payment ?

 I would strongly recommend speaking with a good Loan Officer or Broker way before you put down any money or enter into a contract.  You need to know your buying power before you move forward.  If you're looking to wait 18 months you don't need to do it now but a couple months before you're serious is a great idea.

I hope this helps