Securing Pre-Approval is Very Important
One of the first steps in buying your home is obtaining a pre-approved mortgage. With a pre-approved mortgage you will:
Lock in your interest rate at current rate (or lower if rates drop), guaranteed for 120 days.
Demonstrate to vendors and their agents that you are a serious buyer, which can help when negotiating your purchase.
Start with your own bank then progressing to lower interest offered by other institution.
