Get a Pre-Approval

There are several reasons to get a mortgage pre-approval. First of all, it will ensure you are not looking at homes outside of your budget.  There is nothing worse than viewing homes you cannot afford because by the time you see homes that actually fit your budget, you’ll be bitterly disappointed.  Remember, your first or second home will likely not have all of the features of your dream home.  However, by getting on the property ladder you’ll be a step closer to it.  Each time you upgrade in the market you’ll be able to capitalize on the equity you’ve been building by paying down your mortgage.

Secondly, it greatly improves your negotiating power. With a pre-approval in place, a seller will know you are serious and organized.…

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