One of the first things to consider when wanting to purchase a home is – how much will the banks lend you? and even more important than that, how much can you afford to spend?
There is nothing worse than finding a property that you fall in love with only to find out that it is out of your price range. Getting a mortgage pre-approval before going out to shop for a property is always recommended. The pre-approval process does take some work, as all lenders will require an application, income confirmation, confirmation of your assets and liabilities as well as authorization to pull your credit history; however, once all of this information is obtained by the lender they will be able to tell you if you can be pre-approved for a mortgage.
Once the lender is satisfied with what they have reviewed, they will issue you a written statement of conditional agreement that includes the exact mortgage amount you’re capable of borrowing with the term, approximate interest rate and expiration date of the offer. I can help make this process very easy for you and help construct the application as accurately and professionally as possible.
Contact me to get started.