Homes in HRM
Your home for Real Estate Services within
the Halifax Regional Municipality!
Sheila Banser
Phone: 902.830.8757
Fax: 902.455.6738
E-mail: sheilabanser@royallepage.ca
Buyer's Info
Financing and Mortgage Brokers
Step 3 - Get Pre-Qualified for a Mortgage
There are a couple of good reasons why it makes a lot of sense to get pre-qualified for a mortgage:
- First
of all, you will not waste any of your time and effort looking at homes
that you can not afford, and conversely, you might find that you can
expand your search because you can actually afford more than you expected.
- Even more importantly, when you get your pre-approval, your mortgage broker will lock in the rate that they have given you for at least 3 months. This is a Win-Win for you, because if interest rates rise during that period, you would get the rate you locked in at, or if they happen to drop, you would get that new lower rate!
The Process of Pre-approval is also quite easy to go through. The best thing to do is to contact a reputable mortgage consultant, and they will take you through a series of questions concerning your employment, your income and will run a credit check to help you determine your purchasing power. At the end, they will give you a dollar amount that you are “Pre-approved” for. Imagine going into a negotiation situation knowing exactly what you can afford - that is a powerful negotiation tool!
Finally, it is not just the first time home buyer who can benefit from a Mortgage broker. Whether this is your first or your fiftieth home, you should be sure to check in with a mortgage consultant, even if it is just to lock in that low rate!
Home
- Buyer's Info [My
Listings - Military Relocations - Neighborhood
Info - New Construction - Closing
Costs - Mortgage Info] -Seller's
Info [FREE Market Analysis -
My SELLING System - Closing
Costs] - Additional Info [Real
Estate Blog - Real Estate Articles
- MLS.ca - Halifax
Weather] - About My Team - Contact
Me