Mortgage tip of the week & food for thought for those who are considering house hunting…

Before you run to the MLS listings, talk to a mortgage broker. First time home buyers should confirm their eligibility to purchase through a mortgage pre-approval in conjunction with their real estate agent. Mortgage brokers ensure FTHB’s are pre-approved prior to searching for property so a REAL budget is established and a pre-approval rate hold is tied down. If the client is already working with a realtor, that realtor can rest assured that the client is motivated, and looking in their appropriate price range. It saves all 3 parties involved a lot of time, and headache. A mortgage broker can be considered more valuable in this regard, as banks do not provide proper pre-qualifications based on a full application or review of documents, simply put, it leaves room for error.

If you have any questions NEVER hesitate to get in touch & stay tuned for more tips :