Don't go shopping for a new home before you know exactly how much you can spend! You might have an idea of the loan payment and mortgage you can afford. But will the bank feel otherwise? It's always best to pre-qualify for a mortgage so you know exactly how much a financial institution would be willing to lend you. There are legal ramifications if you place an offer on a home and fail to perform according to your contract, so professional guidance in this area is always a good idea.
During the pre-qualification process, you will find out:
Exactly how much home or land you can afford.
How much cash you will need for the down payment.
The minimum down payment and the possible advantages of higher down payments.
What the bank feels you can afford for a monthly payment.
We help buyers pre-qualify for mortgages every day. Simply email or call us today to get started.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
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