Mortgage Pre-Approval from your Trusted Mortgage Knowledge Professional
Any mortgage professional will tell you that your house hunt shouldn’t start with a meeting with a realtor. Rather, it should start with a meeting with a mortgage broker.
Mortgage brokers are independent licensed mortgage specialists who act on your behalf and communicate with a variety of lenders to negotiate the best interest rates for you.
There are many advantages to getting Mortgage Pre-Approval Port Coquitlam. In this article, I will highlight three advantages.
Advantages of Getting Mortgage Pre-Approval
You will know your budget ahead of time
Once you complete the mortgage pre-approval step, you’re ready to move on to the next stage of your home buying journey. If you know your borrowing power ahead of time, you can save time by focusing on the homes that are in your price range.
You’re seen as a serious buyer
With your mortgage pre-approval in hand, you can be confident that you will be seen as a serious buyer by the realtor and seller. You will also have a stronger negotiating position as they know you can easily turn your attention to other properties.
It’s a smart move
It’s easy to get mortgage pre-approval. Once you are approved, you won’t have to worry about rising interest rates for 120 days. During this time, you can take the time you need to find the ideal home. Not to mention, there’s no cost to you and you’re not obligated in any way.
How Should You Prepare for a Mortgage Pre-Approval Appointment?
You will need to provide supplemental documentation proving your income, the source(s) of your down payment, and your assets and liabilities. The lenders will also want to look at your credit score.
Your Port Coquitlam mortgage broker will let you know exactly what you will need to bring to your appointment.
Contact Milka Lukacevic of The Mortgage Centre TMK Team to schedule your Mortgage Pre-Approval Port Coquitlam appointment, today!