Mortgage Pre-Approval

An important aspect of your home search process is knowing how much you can afford. You do not want to fall in love with a property only to find out it is outside your price range.

I recommend getting a Mortgage Pre-Approval. This is a document from a bank or lender,  stating how much of a mortgage they are willing to give you. I can recommend a reputable lender if you do not have one.

There are two advantages to getting a 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.

How Much Home Can You Afford?

Banks and lenders use specific criteria to determine how much of a mortgage they are 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 in a day.

Have questions about arranging financing? Please submit the form below or call or email me.