Many people wait until they are interested in a home to speak to a mortgage professional only to find out that they are not prepared for the process. One of the best things you can do when you need to get a mortgage, is to understand the process and requirements far in advance. By doing so, you will have a good understanding of where you are in the process and what you need to prepare for still. What are the requirements of a home loan? How much money will you need to get the mortgage? What is the minimum credit score to be approved for a mortgage? How much can credit affect my monthly payment?

Sarah Cox of Neighborhood Loans Texas describes this process as the 3 Cs. Credit, capability and capital, are the things consumers seeking a mortgage really need to focus on from a high level. Within each part are more details, all of which can mean the difference between being approved or not and determining your monthly house payment. So start talking to a mortgage professional now so you are prepared once you find the home of your dreams.