Why Pre-Approval?
Buying your first home or upgrading to a new home is an exciting venture. To make sure your journey begins and ends successfully we want to stress the importance of being properly qualified financially before purchasing a home. Pre-approval provides you the freedom to enjoy the shopping and negotiate confidently. There are five major reasons for doing this.
* You will understand clearly how much extra money will be required to complete the real estate transaction so there will be no surprises.
* You won't find the home you love and then be disappointed
* You will avoid being involved in a legal hassle by not being able to complete your transaction due to lack of cash.
* You will be protected against interest rate increases while you look for your new home
* You can determine if you qualify for bridge financing in the event that your current home and new home purchase do not close on the same day.
Pre-approval for a mortgage, in most cases does not cost you anything nor are you obligated to that particular lenders (until the money is being funded).
Most people want to secure the best rate and terms. Choosing the mortgage best suited to you requires shopping the mortgage marketplace. To maximize the benefits to you, you may want to consider enlisting the services of a Mortgage Broker to do the work for you. They will negotiate the best rate and terms with major financial institutions, chartered banks, trust and insurance companies.
Please don't put this off. You will be helping yourself immensely. We have a number of contacts we can provide for financing. For your convenience we have included a contact that will allow you to Get Pre-approved Now.