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Why is financing important?
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Well, unless you have the cash to finance a property purchase outright you will need to borrow funds to come up with the full purchase price and possibly a little more.
Your own funds are considered your down payment the borrowed funds will make up for the difference of your down payment and the purchase price. If you do not qualify for the necessary loan you will not be able to purchase the property you have in mind.
It is important to talk to a lender before finding a property. The lender will be able to tell you how much money you will be able to borrow and at roughly what rate. That will give you are clear understanding of the price range you will start to look at in your property search.
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