EP6- Requirements for a Mortgage Pre-Approval

20/12/2024 5 min Temporada 1 Episodio 6
EP6- Requirements for a Mortgage Pre-Approval

Listen "EP6- Requirements for a Mortgage Pre-Approval"

Episode Synopsis

Send us a textThis Episode discusses the importance of mortgage pre-approval for prospective homebuyers. It explains that pre-approval provides confidence when house hunting, protecting buyers from wasting time viewing unaffordable properties. The process considers three key factors: credit score, employment history, and debt-to-income ratio. The speakers highlight pre-approved interest rates are typically fixed for 120 days, offering protection against rate increases. Finally, they emphasize the ease and benefits of obtaining pre-approval.https://www.houseinbrampton.ca