Buy a Home in San Diego

Benefits to First Time Home Buyers of Getting Pre-Approved for a Mortgage

When I talk to first time home buyers, lots of questions come up about loans. One of the most frequent questions I receive sounds like this: “I am interested in buying a home and agents keep telling me I need to talk to a lender. Can you take me to see homes I am interested in or do I need to wait and talk to a lender first?” My advice may be a bit different than that of a loan officer, so I am here with Mike to get his take. Mike is my go-to man for anything having to do with loans and lending here at Berkshire Hathaway HomeServices. His advice is as follows:

“As a first time home buyer, going online to see what is available in your community is a great first step and important piece to the puzzle. Then, talking to an agent is the next best step. Agents can give detailed information on schools, homeowner association fees, the condition of homes, and more. They are the licensed professionals who can ultimately get you inside of homes to take a look. Talking to a lender in conjunction with a qualified real estate agent is important for understanding what you can afford. A lender can also help you get a pre-approval. If there are any issues, we can confront them right away so that there are no surprises later on in the transaction.”

We will touch on this more in another video, but for now Mike explains a bit about the pre-approval process. It involves collecting your income and asset documentation, accurately calculating your income and debts, and running ratios based on that information. The pre-approval statement will provide you with a maximum sale price, maximum loan amount, and other affordability details that are important to your home purchase.

If you are looking for a home, keep these three details in mind:

1. Know your location. Being knowledgeable about the location you want to live in is one of the most important things to know as a first time home buyer. Search online and read details.

2. Find a qualified professional Realtor. Working with a professional that you know, like and trust will help smooth the process and get you correct information in a timely matter.

3. Work with a lender right away! After finding and talking to your agent, call a lender and communicate with both professionals in order to find you the home that fits all of your needs at the right price.

If you are a first time home buyer, I would love to help you in your search for a home! I focus my attention on getting accurate information to you that best serves your needs. I have a passion for showing homes and narrowing down a search until you find a home that you love. I have in-depth knowledge of many San Diego communities and want to help you explore some that you may not know about yet. Though my office is in Rancho Santa Fe, California, I work with clients in all areas of San Diego and can refer you to a professional, qualified agent anywhere in the world! Please do not hesitate to call me and ask any questions you may have. Know that Mike Campos is also here to further assist with any loan, purchase price, or pre-approval inquiries.

Have a wonderful weekend and don’t forget: I am never too busy for your referrals!

Amanda Cascadden – Realtor

Cell: 858-260-0252


CalBRE# 01966643

Michael Campos – Mortgage Loan Officer

Cell: 858-699-7751



NMLS# 445764