Buying a Boston condos for sale can be a complicated process, especially if you need to apply for a mortgage. Having as much information about the process of applying for a loan can help you make appropriate decisions. When applying for a mortgage, here are some do’s and don’ts to keep in mind.

Get Pre-approval for a Loan

By getting preapproved for a loan before the house hunting begins, you’ll know exactly what you can afford. This way, you can limit your search to homes within your budget and won’t be tempted to stretch your budget. A preapproval can also be beneficial when it comes to putting an offer on the home because income and assets have already been verified.

Gather All Financial Records and Other Documents

Before starting the home buying process, gather all documents that show your income, verification of your employment, and any debt you have. Financial documents that may be needed to get preapproved for a loan include W2s, paystubs, tax return documents, and bank statements. You should also be prepared to hunt down any additional documents the loan officer needs.

Reduce Debt

Lenders take debt-to-income ratio into consideration when qualifying a future homeowner for a mortgage loan. The less debt you have to make payments on every month, the more likely you will qualify for a mortgage loan. Before applying for a mortgage loan, pay off as much of your debt or consolidate consumer debt as much as possible.

Boston condos for sale

Back Bay new condos for sale
Beacon Hill  new condos for sale
Charlestown area new condos for sale
Navy Yard Charlestown  new condos for sale
Dorchester new condos for sale
Fenway  new condos for sale
Jamaica Plain new condos for sale
Leather District new condos for sale
Midtown  new condos for sale
Seaport District area new condos for sale
South Boston new condos for sale
South End new condos for sale
Waterfront new condos for sale
North End  new condos for sale
West End new condos for sale
East Boston new condos for sale

Condos around Boston to rent:

Back Bay area condos for rent
Beacon Hill area condos for rent
Charlestown area condos for rent
Navy Yard Charlestown area condos for rent
Dorchester area condos for rent
Fenway area condos for rent
Jamaica Plain area condos for rent
Leather District area condos for rent
Midtown area condos for rent
Seaport District area condos for rent
South Boston area condos for rent
South End area condos for rent
Waterfront area condos for rent
North End area condos for rent
West End area condos for rent
East Boston area condos for rent

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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