Mortgage Pre-Approval Steps

Transcribed from the Michal Sluka / Michael Huber YouTube Video – see below for written, condensed version.

1) Reach out to a mortgage professional that you trust.

  • Complete application

  • Examine income, credit and down payment documents

  • Discuss which lenders and products best suit your personal financing situation

  • Submit application for rate hold / pre-approval

2) Pre-approval in hand

  • Shop confidently in your identified price range

  • Helps improve your negotiating position when making an offer to purchase.  Seller sees that you are approved for financing and the deal should proceed forward with few problems.

Thank you very much for reading.  Please share 🙂

One of my hobbies is blogging about mortgages, debt and government policy.  During the day I’m a MORTGAGE BROKER in Kelowna, BC!

Check out the Huber Mortgage Home Buyers Guide HERE

Sincerely,

Michael

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