The faster you buy your first home, the better, says Barbara Corcoran — and there's a simple step she recommends to make the process a little easier.
"Go in with a prequalified mortgage," Corcoran, a millionaire investor and the founder of real estate firm Corcoran Group, tells CNBC Make It.
"In today's hot market, you only get one chance to win over the seller," she explains.
Getting prequalified for a mortgage allows you to march in and say 'I'll take it!'
Here's what you need to know about getting prequalified for a mortgage, ahead of actually finding your dream first home.
Persons:
Barbara Corcoran —, Corcoran
Organizations:
Group, CNBC
Locations:
U.S