Approved or qualified

There is a vast difference between getting pre-approved for a mortgage and getting pre-qualified. One holds your rate for up to 120 days and allows you to go house hunting and the other just gives you rough idea of what you can afford. Yes getting a pre-approval will take some time but it is worth it in the end. There is nothing worse for you realtor than finding out after you have been house hunting that you in-fact can’t get the financing for the house you want cause you didn’t take the time to go through the formal pre-approval process.

In this hyper competitive housing market it is absolutely necessary to get pre-approved BEFORE you start house hunting. Here are the steps to take, complete the mortgage application and submit all necessary supporting documents with the application. Together we will review your credit, income and down payment then discuss the various mortgage options. Once you have settled on what you like, we will submit your file for a pre approval rate hold. The banks are very busy so it may take a few days to get it back. Once it is back then go shopping with confidence.

Today I am thankful for my internal alarm clock waking me up at the perfect time, First time clients closing on their home today and kids up early and out of the house with their friends.

I look forward to hearing from you in regard to your mortgage needs.

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia, Ontario(M18001555) & in British Columbia(BCFSA #504098).

p.s.s.s You can download my new mortgage app here