Pre-qualifying for a loan makes you an appealing buyer in the eyes of the seller.
Pre-qualification approves you for up to a certain mortgage amount, even before you look at your first home. Once you do start looking, you won’t waste time looking at homes you won’t be qualified for-and you’ll be in a strong position to make an offer as soon as you find something you like.
Selecting the best financing package available is as important as finding a home that meets your needs.
Pre-qualification is always a good idea.
Taking the time to pre-qualify for a mortgage before you begin your home search will put you in a much better negotiating position: your pre-qualification assures the seller that the transaction will not be delayed while you secure financing.
You can determine how much your financial institution is likely to lend you by completing our Mortgage Calculator here. This is your first step towards loan pre-qualification. You may also fill out a preliminary Pre-qualification form to start the pre-qualification process.
If you would like to learn more about financing options immediately, please contact me.
Would you like to take the next step and find out more about applying for a mortgage? Feel free to find out more from my preferred lender.