Getting pre-approved for a mortgage helps inform you of how much you can afford before you begin house-hunting in Fernie. After a mortgage pre-approval from a licensed Fernie mortgage broker, your realtor will search for properties within your budget!
Pre-approval for a mortgage in Fernie - it’s exactly what it sounds like!
In order to receive a mortgage in Fernie, you'll need to be approved by a lender.
In order to purchase a property in Fernie, you'll (likely) require a mortgage.
In order to secure a fantastic mortgage in Fernie, you'll want to get pre-approved by a licensed Fernie mortgage broker (such as myself!).
Mortgage pre-approval takes a deep dive into your unique borrowing situation to learn about your mortgage story, factoring in your debt ratios/income/credit score etc. to provide you with the maximum amount you'll likely be approved up to for a mortgage.
House-hunting in Fernie is a super exciting form of 'shopping', but what's the sense in shopping if you don't know what you can afford to purchase?
Your time is precious, and you don't have much of it to waste. Receiving a mortgage pre-approval from a licensed Fernie mortgage broker (such as myself!) can save you valuable time by assessing your unique borrowing situation to provide you with your maximum purchasing power.
Your pre-approval amount is based off more than just your income and down payment. Many factors go into a pre-approval and having an experienced licensed Fernie mortgage broker on your side is a great way to make sure all your pre-approval boxes are accurately assessed.
Getting pre-approved for a mortgage is a highly recommended first step, regardless of whether you're a seasoned home owner or a first time home buyer in Fernie
A trusted licensed Fernie broker can provide you with the pre-approval confidence you need to take the next steps into home ownership.
Did you know??
As a licensed Fernie mortgage broker, most of my services are free for you (my client) from start to finish. In some cases, there may be an additional cost involved but that will be discussed upfront, with full tranparency, before any commitment is ever made.
To begin the pre-approval process, we'll have a casual discussion so I can learn more about your Fernie 'mortgage story'.
Afterwards, I'll send over my welcome email and no-risk mortgage application form to take the next steps in the pre-approval process.
Hurray! Your mortgage pre-approval process in Fernie has officially started.
In order to give a professional mortgage pre-approval, I need to ensure that all information provided is accurate. The documents I request are ones that we'll need regardless for the lender, so it essentially saves us an extra step down the line!
Information I may request from you for pre-approval as a licensed Fernie mortgage broker:
When it comes to banks vs. brokers, licensed mortgage brokers have a fiduciary duty to put your best interests first (...we're legally licensed to do so).
This means we must understand your complete borrowing picture to maximize your purchasing power for a pre-approval in Fernie, and we have a responsibility to match you to a lender/mortgage program which suites your best interests.
There’s often a misconception that as long as your income is high, you can be approved for a large mortgage in Fernie; this would be the dream, but there are more factors to consider than just your income for a mortgage pre-approval!
These tips can help to increase your pre-approval amount:
To begin your mortgage pre-approval process in Fernie, follow these steps!
To discuss your mortgage options or receive an ethical pre-approval in Fernie, give me a no-risk phone call today!
***other conditions may apply to anything listed above. The information provided on this page should NOT be implicitly relied upon, and may not be 100% up to date. It's best to contact us for the most current conditions/program offerings for pre-approval***