Pre-approved
mortgage
You may want to consider getting a pre-approved mortgage.
A pre-approved mortgage is when your bank or lender approves the loan in advance
of making the purchase. In this way, you’ll know how much you can really afford
to spend. It’s also a good way of showing the seller that you’re serious about
the purchase. Your mortgage broker in
Vancouver can be of assistance in getting you the best deal possible.
Let’s face it. Vancouver isn’t a cheap place to buy a
house. A great many people feel excluded from the market. But if you are
planning to wade in, do so with caution. There are many aspects to buying a
home and many potentially hidden costs such as mortgage insurance, transfer
taxes and appraisal fees. Buying a house is a momentous decision and shouldn’t
be undertaken unless you feel comfortable with your financial position. Be
advised that buying a property is an ongoing financial responsibility involving
continual dept-management.
Mortgage
consultant
When seeking a mortgage many people benefit from using a
broker. Your mortgage broker in Vancouver can negotiate with the lender on your behalf and make sure you
obtain the optimum benefits and the lowest possible interest rate. In order to
get a pre-approved loan your credit must be in good standing, your
dept-to-income ratio must be sustainable and ideally you should be able to
cover much of the down-payment. Your mortgage broker in Vancouver will access
your overall situation and isolate the correct strategy.
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