Richmond, British Columbia, Canada - The first-time home buyers are almost always enthusiastic and excited about the fact that perhaps by viewing different homes or hopping from one house to another, could be a good start to having an idea what sort of home they can invest or live in.

I don't have anything against this step. After all, there may be some people who could afford to put down a good and substantial initial outlay on the property they are buying. I guess, the idea here is, as long as you are doing financial self-assessment, you know where you are at and what your options are.

However, there are some people, with good credit score, but may not realize how much they can afford or whether they qualify. Sometimes, one couldn't help but wonder, "Could I really afford to buy that home I've just viewed? What If I do an offer but have no idea how much I could really get from the bank?  What sort of financing arrangement will I include in the offer...?" These may be just some of the questions of first-time buyers or there could be more...

To avoid such scenario, it is advisable that first-time buyers consult with a mortgage broker to help them identify their options and eligibility to home ownership.

Getting pre-approved is an integral, smart step and borrowers are most often than not, assured of the rate for sixty to ninety days. Mortgage brokers do help in shopping the best rate suited to your specific need. The pre-approval service is absolutely of no cost to you.

I welcome questions on any mortgage related matter. My clients enjoy the benefit of my expertise both as a REALTOR and Mortgage Expert.