Mortgage pre-approval should be your first step when you’re seriously looking to Buy a home in Victoria B.C.
In order to make an informed and confident decision, you need accurate and timely information. My aim is always to provide the tools and reference information, so you have a clear picture of the mortgage and home purchasing process. Keep in mind, it is vital to review your personal financial situation with a professional Mortgage Specialist who can put in plain words the best way to approach your mortgage needs.
Why get pre-approved for a mortgage?
House hunting in Victoria BC just got easier…
-
You will know your monthly payment amounts, as well as the size of the down payment required.
-
Realtors will likely request a pre-approval prior to showing you any homes.
-
You will be able to stay within budget and not be steered off track. Your real estate agent will show homes you can afford – saving time and hassle.
-
When you make an offer to purchase, your realtor will present the offer and indicate to the seller that you have solid financial backing. The seller knows you are serious, putting you in a stronger negotiating position compared to another buyer without a pre-approval.
-
90-120 days Rate Holds – A pre-approval will “lock” you into an interest rate, protecting you from any increases for the next 90-120 days. If rates go down, I’ll secure the lower rate, but if rates go up the lower rate holds as long as funding occurs within the 120 days.
-
Mortgage Pre-approvals are for your benefit with no cost to you. Also you are not obligated to accept the pre-approved mortgage if you should change your mind.
What takes place during the Pre-Approval Process?
-
As your Victoria TD Mortgage Specialist I will take your information in the form of an application. You will provide financial and employment details such as proof of income, assets & liabilities, down payment, etc.
-
By signing the application form you are giving authorization to release and review information on your credit bureau file.
-
As your Victoria Mortgage Specialist I will discuss your financial strategy and mortgage details. I will provide personalized mortgage handouts allowing you to easily review the details later.
-
In our meeting, you will learn about the various mortgage products and options available (fixed vs. variable rate, open or closed, interest terms, payment options, amortization, etc.) We will determine which of these options best suit your current financial situation.
-
I will advise you what fundamental documentation is required for your approval. Documentation is ideally provided early to help the process go smoothly and complete on time. Note: All conditions must be met in order for your mortgage to be fully approved.
For your Mortgage Pre-Approval or more information please contact Jill Moores TD Mortgage Specialist.
Providing mortgage solutions you can live with!
Your Victoria TD Mobile Mortgage Specialist
TD Canada Trust
Always available at 250-213-1987
VICTORIA BC REAL ESTATE
|