It is best practice to be pre-approved when you’re looking for a new home, and will save you a lot of time and effort in your search.
It is best practice to be pre-approved when you're looking for a new home, and will save you a lot of time and effort in your search.
With a mortgage pre-approval, a licensed mortgage professional like me can do a more complete verification prior to sending you searching for a home, and will give you a dollar figure to consider during your search.
As an extra value to you, I have a list of highly valuable Real Estate Professionals that I personally recommend. These professionals are selected by me, and are only referred to you if I trust that they will serve you with the same values that I will.
I will let you know for certain what you can afford based on lender and insurer criteria, and what your payments on a specific mortgage will look like.
Dominion Lending Centres mortgage professionals can lock-in an interest rate for you for anywhere from 60 – 120 days while you search for your new home.
By locking in an interest rate, you are guaranteed to get a mortgage for at least that rate or better.
If interest rates drop, your locked-in rate will drop as well. However, if the interest rates go up, your locked-in interest rate will not, ensuring you get the best rate throughout the mortgage pre-approval process.
In order to get pre-approved for a mortgage, I will require a short list of information that will allow them to determine your buying power.
After the evaluation, I will be able to explain the benefits of shorter or longer mortgage terms, the latest programs available, which mortgage products I believe will most likely meet your needs the best, and we will review all of the other costs involved with purchasing a home.
Getting pre-approved for a mortgage is something every potential home buyer should do before going searching for a new home. A pre-approval will give you the confidence of knowing your financing is available, and it can put you in a very positive negotiation position against other home buyers who aren’t pre-approved.
Contact me, or Apply below to get the right mortgage for you!