Financial Pre-Approval
The Most significant advantage of getting pre-approval with your lender as a first step is that you'll know in advance how much you can afford and how much it is going to cost your monthly budget. This way, you don't waste time with guessing or looking at properties that are beyond your means. Getting pre-approved for a mortgage also enables you to move quickly when you find the perfect place. In a competitive market, this lets the seller know that your offer is serious and could prevent you from losing the home to another potential buyer who already has financing arranged.
Let's Meet
Once you know what your purchasing power is, this is when we sit down and talk about your ideal home and all the relevant factors we have to consider. Make sure you are clear on your “musts have's” and start to think about what you'd be willing to live without if you are challenged to compromise. For instance, do you want to be within walking distance of restaurants? Do you want space between you and your neighbours? Or is proximity to a good school the most important factor?
