You are ready to go shopping for a new home. Perhaps you’ve already contacted a realtor, viewed houses for sale on the Internet or have peeked at a few Open Houses. You know the type of home you’re looking for, how many bedrooms and bathrooms you want, and how much acreage you’d love to have. But have you thought enough about getting the mortgage you’ll need to afford that home?
Even if you have a very good idea of how much house you can afford to buy, until you have a lender’s approval for a loan, you don’t really know if you will be able to secure one. This is why it is highly advised that you obtain a pre-approval for a mortgage. Calgary mortgage brokers are ready to supply you with all of the information you’ll need to get pre-approved quickly so you do not lose out on the purchase of a home that other potential buyers might be quick to grab.
Home sellers will gravitate first towards the buyers who are able to obtain a fast approved mortgage. Calgary iMortgage Solutions, Inc. can ensure that you are pre-approved for a loan before you set foot in the house of your dreams. Without an approved mortgage in hand, sellers and even homebuilders will shy away and sell to those who have the backing of lenders already in writing.
If you are pre-approved for a mortgage loan, you know exactly how much money a lender is willing to give you for your home purchase. This number is based upon a number of things. Your credit score is one of them. The lender will also determine how much you will be able to handle in monthly payments. If you are pre-approved for a $500,000 home purchase, you will know what prices you should limit your search to. You know just how much house you can afford to buy.
The Calgary team at MyMortgageBroker.com will figure out your affordable monthly payments to begin calculating the total mortgage you may qualify for. Your total income will be reviewed based upon your gross receipts, not your net income. If your income is not the same every year, the last two years of employment will be used to obtain an average gross income.
It’s fast and easy to gain a pre-approved mortgage with us. Simply provide the personal information we will need in order to pre-qualify you. Next, your credit history will be checked through a credit bureau reporting agency so we may get a beacon score for you. Going through MyMortgageBroker.com for your final pre-approval will be advantageous for you because we only complete one credit check. Some lenders will perform multiple checks that will affect your credit score in the long run.
Don’t hesitate to begin our fast pre-approval process for your mortgage loan with www.MyMortgageBroker.com. Call us today at 403-870-2669 to discover how much home you can actually afford to buy.