Posts tagged Finances
What is a Mortgage Pre-Approval?

Do You Know the Difference Between a Pre-Approval & A Quick Qualifier?

Many people go out home-hunting without even having spoken with their bank or mortgage broker!

Sometimes people go online and punch in their numbers for a Quick Qualifier, the problem with this is there are no supporting documents that the bank certainly will ask for at some point!

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Are You Ready to Be A Home Owner?

This is a critical question that every first-time buyer should ask themselves before starting the home buying process as it can have a big impact on your lifestyle & finances!

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Knowing How to Budget for Home Ownership

While many people focus solely on the mortgage pre-approval & application process to base their financial real estate decisions off of, it’s important to remember that this number doesn’t fully encapsulate the extent of your home-buying budget.

A mortgage pre-approval tells you how much you’ve been approved for by the bank/lender, which is quite different from the amount you can actually afford in your monthly budget!

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