When getting pre-approved, Dominion Lending Centres mortgage professionals will let you know for certain what you can afford based on lender and insurer criteria, and what your payments on a specific mortgage will be.
Faizal Garasia can lock-in an interest rate for you for, anywhere from 60 – 120 days, while you shop for your perfect home. By locking in an interest rate, you are guaranteed to get a mortgage for at least that rate or better. If interest rates drop, your locked-in rate will drop as well. However, if the interest rates go up, your locked-in interest rate will not, ensuring you get the best rate throughout the mortgage pre-approval process.
In order to get pre-approved for a mortgage, Faizal will require a short list of information that will allow your buying power to be determined. There will be an explanation of all the information, including: the benefits of shorter or longer mortgage terms, the latest programs available, which mortgage products they believe will most likely meet your needs, plus a review all of the other costs involved with purchasing a home.
Getting pre-approved for a mortgage is something every potential home buyer should do before going shopping for a new home. A pre-approval will give you the confidence of knowing that financing is available, and it can put you in a very positive negotiation position against other home buyers who aren’t pre-approved.
Contact Faizal Garasia for pre-approval today!