Starting Your Home Buying Process With Confidence

Get Pre-Approved for Your Mortgage

Fiorella Fromager AMP

Shopping for a new home can be a complex process. Especially if this is your first time or you are uncertain about how much you can afford?

One of the easiest ways to simplify the buying process is to get a pre-approved mortgage; this will help you get started on the right track.

Many homebuyers will place an offer on a home beyond their budget only to find that their offer is unrealistic for their current financial situation. Or perhaps they missed out on an opportunity as they could have qualified for a larger mortgage amount? Either situation can be avoided with a pre-approved mortgage. To have a Pre-Approved Mortgage means that you will not only understand your maximum purchase price and spending levels, but also what your monthly payments will be.

Once you're pre-approved, you will receive a conditional commitment, for a specific mortgage amount, at a committed interest rate, for a specific term.

In today's rising interest rate environment, it's smart to be protected from rising rates down the road. Most lenders will guarantee the interest rate up to 90 days and some will guarantee it for 120 days from the date of pre-approval. It's comforting to know that your rates are guaranteed not to rise while you shop for your new home.

The pre-approval process involves reviewing payment obligations and verification of employment and credit history. These steps are the same as applying for an actual mortgage. Completing them upfront will save valuable time when it comes to finalizing the actual mortgage once you have found your new home.

Getting pre-approved for a mortgage is something every potential home buyer should do before going shopping for a new home. A pre-approval will give you the confidence of knowing that financing is available, and it can put you in a very positive negotiation position against other home buyers who aren't pre-approved.

When it comes to finding the right mortgage for you and accessing your best options, call Dominion Lending Centres now!

The great news is that there is no cost to you for our service. The lender that you choose will pay the broker fee. On approved credit (O.A.C.), E.&O.E.

Fiorella Fromager AMP
Cell 604-209-8153

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Mortgage Rates

Starting Your Home Buying Process With Confidence

Get Pre-Approved for Your Mortgage

One of the easiest ways to simplify the buying process is to get a pre-approved mortgage; this will help you get started on the right track.

Once you're pre-approved, you will receive a conditional commitment, for a specific mortgage amount, at a committed interest rate, for a specific term.