Itâ€™s a good idea to get pre-approved for your mortgage before you start house shoppingÂ â€¦Â your real estate agent will probably ask youÂ â€¦ how much can you afford?
During the pre approval process, we will take a look at your finances and calculate the purchase price of an affordable home based on the down payment that you have saved and the amount of mortgage that you can comfortably afford to pay back, including the municipal taxes and life insurance.Â Even if you havenâ€™t found the home you want to buy, being pre-approved will help you to keep the right price range in mind when you are looking at properties.
A Fort Erie Credit Union mortgage pre-approval will â€¦..
- save you time; your real estate agent will show you homes in your price range and you will be better prepared when you are ready to make an offer
- increase your bargaining and negotiating power; sellers will be more likely to accept your offer because you are giving them peace of mind that you have discussed your financing with the credit union
- give you confidence and avoid disillusionment; you can minimize anxiety by identifying and correcting any credit issues that could disqualify you from being approved for a mortgageÂ
Remember, your first home is not necessarily your dream home; being both prepared and realistic will help you and your real estate agent to show you properties that you can afford to buy.
Pick up a copy of the Canada Mortgage and Housing guide â€¦.. Home buying Step by Step and make your appointment with Patti or Maureen to get pre-approved today â€¦.
Mortgage Promotion â€¦.. 3.85% for 5 years â€¦.. this great rate is guaranteed until July 31, 2011
Make an appointment today with Patti Carpenter - email@example.com at our Garrison Road location or with Maureen Murphy - firstname.lastname@example.org and see how to save more of your money.