Arrange Financing

Get a Mortgage Pre-Approval

An important ingredient in a successful home search is knowing how much you can afford. You don’t want to fall in love with a property only to find out it’s outside your price range.

A Mortgage Pre-Approval states how much of a mortgage a lender is willing to give you. There are two advantages to getting this pre-approval:

  • It gives you the peace-of-mind of knowing you can afford homes you view on the market, and won’t have problems arranging financing.
  • It’s a sign to sellers that you are a serious, prepared buyer – which gives you the edge when making an offer.

You can arrange for a Mortgage Pre-Approval with your bank or other lender, or by working with a good mortgage broker. They use specific criteria to determine the amount they will offer and look at your income, expenses, credit history and employment status, as well as the down payment you plan to make on a home. It may seem like a scary process, but it is actually straightforward.  I’m happy to recommend a reputable broker or lender if you need, please contact me.

How Much Home Can You Afford?

In the simplest terms, if you qualify for a $250,000 mortgage, and you have another $100,000 available as a down payment, you can look for homes in the $350,000 range.

Try out the Mortgage Calculator below and you’ll get an idea of what your payments could be.

Have questions about arranging financing? Please submit the form below or call, text or email me.


Looking to Buy a Home?

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Mortgage Calculator

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