Home ownership is something anyone can achieve with the right expert help. Calgary Mortgage Broker Tim Lacroix has been serving the mortgage needs of Albertans for years. He recognizes that every client is unique, and faces unique mortgage and financial challenges. Tim and his team are ready to guide you through the entire mortgage process, from a pre-approved mortgage on a Calgary home to finding the lowest rates available.
Many home buyers make the mistake of prioritizing scouting new houses first before processing their mortgage papers. Tim Lacroix understands that buying a new house is exciting- but before embarking on a quest for a new house, home buyers should first discuss their mortgage loan options with a lender or a mortgage broker. This step can give you an advantage when venturing out in buying a physical house.
Getting a pre-approved mortgage for a Calgary home prior to scouting for a house can open up a lot of possibilities as a future home buyer. Many people opt for a pre-qualification only but a pre-approval has more weight than the former. Pre-qualification only qualifies you for a mortgage but there’s still no guarantee for the approval.
While obtaining a pre-approval is more complex than pre-qualification, it offers a multitude of benefits including:
1. A pre-approved mortgage allows you to find your best budget range for a Calgary home. Talking your mortgage options through with your mortgage broker or lending firm will give you a solid and accurate idea on how much you can spend on a new house. Having an accurate idea on how much mortgage you will be approved will help narrow down your search for a new house. This also prevents you from going over your budget or setting your sights on a new house that your approved mortgage cannot afford.
2. Pre-approval foresees possible problems with your credentials. Your mortgage broker or lender will check your credit score and standing to determine how much mortgage rate you will be given. If there are problems with your credit score, they will be able to tell you right away. This saves you the trouble of finding a new house and ending up being denied a mortgage because of your bad credit standing. This also gives you time to straighten out the kinks in your mortgage credentials.
3. A pre-approved mortgage entices sellers to sell their Calgary house to you. Whether you are looking for a house in a competitive market or not, having a pre-approval letter gives you more credibility and solidifies your buying standing. Sellers are more likely to choose offers from buyers with pre-approval letters. It gives you more leverage, especially since many home buyers actually skip getting a pre-approval. If you are particularly keen on buying that house, this could well be your advantage over other offers.
When you’re ready to speak with Tim Lacroix about a mortgage, he welcomes your call at 403-407-1244, and is ready to answer any questions that you may have. He and his team are ready to work with you to determine which mortgage is the right fit for your unique needs, and help you purchase the home you want.
Pre Approved Mortgage Calgary