Get a Mortgage Pre-Approval
An important ingredient in a successful home search is knowing how much you can afford. You don’t want to fall in love with a property only to find out it’s outside your price range.
That’s why we recommend getting a Mortgage Pre-Approval. We can also help direct you to the mortgage professional based on our past experiences so you get the most competitive mortgage by professional who have proven success in the industry. This is a document (Pre-Approval) from your bank or other lender stating how much of a mortgage they are willing to give you. There are two advantages to getting this pre-approval:
- It gives you the peace-of-mind of knowing you can afford homes you view on the market, and won’t have problems arranging financing.
- It’s a sign to sellers that you are a serious, prepared buyer – which gives you the edge when making an offer.
You can arrange for a Mortgage Pre-Approval with your bank or other lender, or by working with a good mortgage broker. We are well-connected in the local real estate scene, so if you want us to recommend a reputable broker or lender, please contact us.
How Much Home Can You Afford?
Banks and lenders use specific criteria to determine how much of a mortgage they’re willing to offer you. They look at your income, expenses, credit history and employment status, as well as the down payment you plan to make on a home. It may seem like a scary process, but it is actually straightforward. You can usually get a Mortgage Pre-Approval between one to five business days. You’ll be glad that you did. It will us save time shopping in the right price range that can translate into thousands of dollars in an upward market.
Have questions about arranging financing? Please submit the form below or call or email us.
