If your New Year's resolution is to buy a new home, it's tempting to start with the fun process – house hunting. However, a better place to start, say real estate experts, is to meet first with a lender or mortgage broker. That will help you determine how much you can borrow or identitfy potential roadblocks to approval, such as dings on your credit history. "You need to be proactive. Sooner is better than later. If you really are serious about buying, it's one of the biggest obligations you are going to commit your family to, so you need to commit time to this process."
By Connie Potter, Special Writer to the Oregonian