Saturday, 30 April 2011

Why Getting Pre-Approval is so Important

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:

Know how much you can afford and what your payments will be.

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.

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