Where Do I Begin?
You may be asking yourself this very question. The first thing to do is to find out how much you can comfortably afford to invest in a home. There are many options available to you, depending on your situation.
Where Do I Go for Help?
Today's mortgage market is highly competitive. Most people take their mortgage requirements to one of two places:
A bank or credit union
A mortgage broker.
Shopping for the best interest rate is a good thing to do. Keep in mind, however, that the lowest interest rate does not guarantee the most affordable mortgage. Your mortgage provider can explain, in detail, the different terms and amortization periods and how they affect your particular mortgage requirements. If you would like a list of qualified mortgage providers, email
me or give me a call and I'd be happy to provide some recommendations. You can also check out my list of Preferred Professionals.
What about Pre-Approval?
Yes, pre-approval of a mortgage amount from a bank or broker is critical in today's market. However, having a pre-approval does not mean that you instantly have a mortgage available to you. Also, pre-approval certificates usually have an expiry date, so it is imperative that we work closely with your mortgage provider to ensure your financing is secured in a timely manner.