Are you just starting to 'shop' for a home? Most home buyers are aware of the advantages of early 'loan application'. The process will determine if you qualify for a mortgage and the amount you qualify for.
Once you have determined you are qualified for a mortgage, take the time to let your property manager or landlord know that you are 'starting' your home search. The reason; your loan underwriters will be contacting your property manager or landlord before the final approval of your loan to verify your rent/lease payments have been on time etc. And the underwriters tend to make that contact 'at the last minute' and in some cases give your property manager / landlord little time to submit the information requested.
My advice is to notify your property manager/landlord by letter or email as soon as you start shopping for a home. And if possible, follow it up with a personal visit and hand deliver a copy of the letter or email. This effort may reduce a potential delay in the closing of your home.
In your letter / email explain that you are just starting the 'home search' process, you have no idea how long it will take to find a suitable home, that the purpose of the contact is to provide a warning that underwriters may be contacting the landlord / property manager and you will contact them again as soon as you know you will be vacating the property.
And do not forget to say 'Thank You'.
Your 'up front' efforts may save you from a delay in the closing on your new home!
And "Thank You" to Wallace S. Gibson of Gibson Property Management in Charlottesville, Virginia for her excellent comment on my post yesterday. It was very much appreciated.