Having a pre-approved mortgage will give you the confidence of knowing exactly what you can spend on a home, BEFORE you start looking. Having a pre-approved mortgage will also protect you against interest rate increases, while you're looking.
Your mortgage broker or mortgage specialist will answer any questions you may have to help you determine which financing terms are better for you. Your Realtor and your Mortgage Specialist will work together to help you find the right home and provide you with the financing that's right for you.
Once you find the home you want to purchase, there are documents that you will be asked for, in order to finalize the financing/paperwork. These documents can include:
- a copy of the listing of the property
- if the home is new construction, the bank may also want to see the builder's plans and details
- a copy of the agreement of purchase and sale, or a copy of the builder's contract
- letter of employment, income verification and proof of downpayment and/or closing costs (savings)
If you have a pre-approved mortgage, it's a simple matter of finalizing a few details.
If you're planning on buying a home in the near future, and require more information about financing, or whether you qualify, don't hesitate to contact me. I will provide you with all the information you need to get started.
Toronto Real Estate by Sylvie Conde - Broker
Sutton Group-Associates Realty Inc., Brokerage 416-966--0300
sconde@sutton.com
www.sylvieconde.com
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