You've finally decided to move out of your rental and buy a house. According to The New Rules of Money by financial advisor Ric Edelman, buyers should first be looking for a mortgage company and then their realtor. Here are the reasons why:

Reason #1: Its Good for Your Peace of Mind

Imagine spending three months shopping, finding your dream home, and then realizing you can't afford it. Getting pre-approval gives you an idea of what you can afford.

Reason #2: Time Is On Your Side

An unorganized borrower can waste months waiting to have a loan approved. So get your lender started as soon as possible.

Reason #3: It Helps at the Bargaining Table

Sellers are looking for an offer with the best terms and conditions. The backing of a mortgage company lends credibility to a buyer. If multiple offers are being considered a pre-approved letter will put you in a stronger position than the competition.

For most people a house is one of the largest purchases they will make. When you start the process it's important to have all the paperwork in order. For more information on home mortgages visit www.lendingtree.com or www.about.com.