If you have not spoken with a lender and have had them qualify or approve you for a loan, then you are not really ready. In this changing real estate market where desirable homes are receiving multiple offers and are selling in a week or less, you need to be able to move quickly! It would be heartbreaking to see your dream home come available and then see it go off the market in 3 days because you did not have a pre-approval letter in hand.
A lender can tell you how much home you can qualify for and give you options to achieve your goals. A lender can put that pre-approval letter in you hand that gets you that much closer to the home you desire. Without that letter, you might as well not make an offer. A seller will not even consider your offer without it.
A seller and their agent will also want to see your proof of funds that shows you actually have the money in hand to buy the home. They will also want to see your FICO scores. A lender will run your credit and provide you with your FICO score.A lender can educate you about your financing options and help you make a good decision.
Speaking with a good lender is a painless experience and is hugely beneficial as you begin the home shopping process. It gives you peace of mind and confidence knowing you can afford the home you are looking at. Call me for some referrals or go to my links page.