If you are ready to buy a home in 2019, you should read this article!

Buying a house is a minefield full of “I didn’t know that’s.” From choosing the right home to qualify for the best mortgage, you want to minimize the things you don’t know.

Lower your “didn’t-know” ratio. With a shifting lending landscape, rising interest rates and down payment priorities based on your local market here’s what you’ll need to know about buying a home this year.

What’s the first step to buying a house?
With acute shortages of homes for sale in so many markets throughout the nation, getting preapproval for a home loan is more important than ever. Cash buyers used to give sellers confidence that a deal would close quickly, but there are fewer cash buyers. And when houses weren’t in such short supply, buyers didn’t face the pressures of intense seller’s markets.
With a lender lined up and a preapproval letter in your pocket, sellers know you’re serious.

“With a preapproval, [sellers] feel comfortable that, ‘Hey, this guy is a legit person who is going to buy and close,’” says Mat Ishbia, CEO of United Wholesale Mortgage in Troy, Michigan.
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