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.

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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



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