Why do I need to get Pre-Approved?

Why do I need to get Pre-Approved?

A pre-approved mortgage lets you know:

1. How much you can afford.
2. Down payment required.
3. What your interest rate will be.
4. What your monthly mortgage payments will look like.

This can help you narrow down your search. It also helps:

• Eliminate surprises with financing once you’ve made an offer on a home.
• Reduce pressure with your lender to find the best product for your needs.
• Present a more favourable offer to the seller, especially in a competitive market.

A mortgage professional can lock in an interest rate for between 30-120 days depending on the lender and product selected. Don’t forget to ask your lender about including renovations in your mortgage!

If you are looking for a mortgage specialist let me help connect you.

Stephanie Harder – Realtor®
Coldwell Banker Signature
306-241-1000
stephanieharderhomes@gmail.com