Getting pre-approved for a mortgage can be beneficial for several reasons:
➡️ It helps you determine your budget: By getting pre-approved, you’ll know how much you can afford to borrow and what your monthly payments will be, allowing you to narrow down your home search to properties within your budget.
➡️ It makes the home buying process smoother: Sellers are more likely to take you seriously if you’re pre-approved for a mortgage, as it shows you’re a serious buyer and have the financial means to make an offer.
➡️ It can give you a competitive edge: In a competitive housing market, being pre-approved can give you an advantage over other buyers who haven’t gone through the pre-approval process.
➡️ It can save you time: Since you’ve already gone through the pre-approval process, you’ll be ready to move forward with your mortgage application once you find the right property, potentially speeding up the closing process.
Call or email us today to get started on your Mortgage Pre-Approval!
☎️ 647.624.6340
📧info@raremortgages.ca