5 Great Reasons to Pre-qualify for a Mortgage

A mortgage loan pre-qualification is the process of being pre-approved for a home mortgage before you going house-hunting.
Here are 5 good reasons why you should pre-qualify BEFORE you start looking :

1. Getting pre-qualified lets you know what you can afford and how high you can go. You won't waste your time or your realtors looking outside of your price range.

2. You won't go through the disappointment of being rejected on a mortgage application and losing your dream home.

3. If the property you are looking at is hot with multiple offers you can remove the subject to financing clause and make your offer stronger. This also puts you in a stronger bargaining position when it comes to price and possession date.

4. Preapprovals show you are a serious shopper. Your realtor and sellers will take you more seriously . By knowing your financial limitations, your realtor can spend more time finding a suitable home for you rather than wasting time looking for homes you would not qualify for.

5. After you make an offer , you have a lot of other things to do which will keep you busy for a few days. Arranging for a lawyer, a house inspection and finding a moving company.
If you would like to be pre-qualified call me at 403-8361201 or apply online at http://mortgagealliance.ca/davidcooke and click on APPLY NOW