Have you heard that it is currently a buyer's market in the real estate industry?  That typically means that there are more people trying to sell than are looking to buy.  The extra supply outweighing the demand allows buyers a greater variety of product (homes) to view when looking to purchase, and that keeps prices on the buyers' side.  During this time, as in any purchase transaction, buyers should handle their financing options as early in the process as possible.  With all the extra properties to possibly view, the amount of information the buyer has to absorb becomes greater, and so does the potential to lose track of all important factors of a purchase.  There have also been many changes in the mortgage industry with regards to potential loans available.  We have seen a significant reduction in the offering of riskier loan products, so just because you are a willing buyer, doesn't necessarily make you an able buyer.  Whether you are looking to purchase a primary residence, a second home, or an investment property, you need to be well aware of your financing options before you begin searching for the property you desire.  By doing so you will eliminate potential stress and dissapointment as you will discover the amount you can be approved for, and thus what properties will fit into those loan parameters.  Why look at something you may fall in love with but cannot afford?  It will waste everyone's time including yours as the buyer, your real estate agent's and possibly your mortgage consultant by coming in after the property is under contract.  Most real estate transactions require a pre-approval letter before a contract is accepted, but the potential for this not to occur still exists, so you as the buyer want to avoid that at all costs.  So, if you are in the market to purchase, or will be in the near future, contact your mortgage professional so that they may work with you to take care of all financing options first, and thus allow the process to work much more smoothly and efficiently for all parties involved.