Get a Mortgage 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 lets sellers that you are a serious, prepared buyer and is typically included with your offer.
You can arrange for a Mortgage Pre-Approval with your bank or other lender, or by working with a good mortgage broker. If you like, I’m happy to recommend a reputable broker or lender to help you get started.
How Much Home Can You Afford?
Banks and lenders use specific criteria to determine how much of a mortgage they’re willing to lend. 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? Feel free to contact me for quick response.