I’ve been speaking with a home buyer who asked me to connect him with a mortgage person for a pre-approval.
A mortgage pre-approval is an important part of the home buying process, and the earlier the better.
By speaking with a lender, you’ll understand exactly what you qualify to borrow. This will give you credibility at the negotiating table, a protected interest rate, and guidance to substantially streamline the home search process.
Now, my broker pre-approved my client to buy a home worth $500,000. The client responded by saying, he has “a friend in the business” who told him he could spend up to $650,000.
This is not an indication that his “friend” has some pull that the first mortgage broker didn’t have, it’s an indication that someone has made a mistake.
The amount of mortgage money that you can qualify for is arrived at using mathematics.
It really is as simple as that.
In this video, I explain how these numbers work.
Thanks for watching.
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TeamFisher.com hosted nearly a quarter of a million user sessions and displayed more than 2.8 million pages to our visitors. If you have a Saskatoon area home you'd like to sell, we know how to get people looking at your home. Reach out to me directly to engage our team and learn about our processes..
I’m always happy to answer your Saskatoon real estate questions. Reach out by voice or text at 306-241-6676 or email me at norm at teamfisher.com
Norm Fisher
Royal LePage Vidorra
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