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The amount you should put down on a new home depends on several factors, including your financial situation, the type of mortgage you choose, and your long-term financial goals.   Ultimately, the best down payment amount is one that aligns with your financial capabilities and goals. It's crucial to balance the benefits of a larger down payment against the need to maintain a solid financial cushion. We can help you determine the most strategic down payment size for your situation. 

Pre-qualification and pre-approval are both important steps in the mortgage process, but they serve different purposes. Pre-qualification is a preliminary evaluation of your creditworthiness based on the financial information you provide. It gives you an estimate of how much you might be able to borrow but is not a formal commitment from the lender.

Pre-approval, on the other hand, is a more in-depth process that involves submitting a mortgage application and providing documentation of your income, assets, and debts. The lender will perform a credit check and give you a specific loan amount for which you're approved. Being pre-approved is beneficial as it shows sellers that you're a serious and prepared buyer, which can give you a competitive edge in a hot housing market.