Securing a Pre-Approval
How do you know how much you can afford to spend on a home before talking to a mortgage broker? You don’t want to shop without having a budget in mind. We can become part of the process before you even start looking at homes by going through the pre-approval process with you. We can give you a budget to start shopping for a home with, based on lender approval, and bring you up to speed on the costs associated with buying a home that you might not be familiar with.
There’s another benefit of being pre-approved for a mortgage – the interest rate is secured against increases. Should interest rates rise, your pre-approval means that your lower interest rate is guaranteed for up to four months. Should interest rates decrease after you’ve been pre-approved, you still have access to the lower rate. So there’s no risk, and you’re guaranteed to get the best interest rate available!
Contact our Coco Mortgage Professionals to discuss your home purchase plans so we can explore the best financing options for you.