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Why Its Important to Get Pre-Approved
Having a pre-approved mortgage will give you the confidence of
knowing exactly what you can spend on a home before you start
looking. You will also be protected against interest rate
increases while you look for your new home.
Your Mortgage Specialist will answer your questions and help
you determine which financing terms and options are right for
you. Your Mortgage Specialist and Real Estate Professional work
as a team to help you find the right home and select the best
financing.
Finalizing Your Mortgage
Once you've found the home you want to purchase, there are
some documents you'll probably be asked for in order to finalize
your financing. They will include:
1. A copy of the real estate listing of the property. If the
home is still to be built, the mortgage lender will need to see
the architect's or builder's plans and details on lot size and
location.
2. A copy of the offer to purchase or the building contract,
if this document has been prepared.
3. Documents to confirm employment, income and source of
pre-approval.
If you have a pre-approved mortgage, it's a simple matter of
finalizing a few details which your Mortgage Specialist will
explain to you.
About The Author
John Carle & Sharon Gregresh are Realtors with Royal
LePage - ArTeam in St. Albert, AB. They pride themselves on
providing more than just real estate sales and listings. Their
clients benefit from a much larger spectrum or real estate
services. Contact them any time at [email protected]
or through their website at www.workingtogether.ca. They can be reached by phone
at (780) 458-5595
MORE RESOURCES updated Thu. March / 30 / 2023
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