Basically, you only have 3 parts to buying a home.
- Finding a new home
- Finding funding for the purchase
- Closing on the home and moving in
For many people, both finding a new home and finding funding for the home can occur at nearly the same time.
Most lenders use pre-qualification, then pre-approval for house hunters. By getting pre-qualified, you can understand, based on your income, assets and debts, how much you can afford in a mortgage.
With a limit, and a new lender, your house hunting can be more focused.