Are you ready to purchase a home? Do you know what type of home you are looking for? When you are, it’s time to think about financing and how much you can afford. We can connect you with mortgage brokers that will take you from pre-qualification to the selection of a mortgage that fits your needs and budget.
In this market, it's important to know how much a lender will give you and how much you can afford. You may think you can afford a $500,000 mortgage, but lenders may only approve a $400,000 mortgage based on your income and any other debt you may have.
Contacting a bank or a mortgage broker first will make sure you get pre-approved for a loan before placing an offer on a home, which you may need; many sellers will not even entertain an offer without one. You can obtain a pre-approval by applying for a mortgage and completing the necessary paperwork. It is beneficial to shop around for a lender and compare interest rates and fees with a mortgage calculator.
We will also follow up with you to ensure we have submitted all the paperwork needed for your loan and will notify you if you need to provide any additional documentation. Once the home buying process has started, it becomes paramount to adhere to dates as listed in our contracts to purchase.