Whether you're trying to rent a property, secure a purchase or obtain a real estate loan, you must follow a rather strict time line. Depending on your level of preparedness, the process can be either smooth or rough. Before you begin the process, start by taking the time to understand the system and make educated decisions with a Great Central Mortgage professional by your side.

Get Pre-approved
Knowing what you need for the journey is difficult.  Let the professionals at Great Central Mortgage guide you in this process.  Whether you are looking to purchase or to refinance a loan, we can provide services catered to meet your needs.  A loan pre-qualification or pre-approval is vital to the loan process, since it allows you to obtain an estimate of your borrowing power. We highly suggest that you not skip this fast, easy, free step. With a written pre-approval (including a certificate guaranteeing a mortgage for a specified amount), you won't waste time looking at homes you can't afford. Rather, you can focus your time and energy on shopping for your ideal home.

Know Your Finances
Determine how much you can afford to spend. While you may qualify for one amount, it might be too high for your actual budget. Set a monthly dollar amount that you feel comfortable committing to. Don't forget to figure in additional costs, such as insurance and taxes, interest, and principle, utilities and incidentals.

Check your Credit Report
While any lender can quickly run your credit report, you should acquire a copy first. Then, you'll know exactly what is on the report and can address any dubious or inaccurate items. Be sure to clear up any financial problems that you can. Once you have taken care of the financial problems, be selective as to how many times your credit report is obtained.  Remember, the more times your credit report is obtained, the more your credit score is affected.