How can a mortgage professional help me?
If your home purchase will require financing, one of the most important steps that you can take is to obtain an estimated mortgage pre-qualification from a mortgage professional. A mortgage professional will review your financial situation to determine what you can afford to borrow and clarify various financing options available. Knowing what you can afford confirms parameters of your property search, strengthens your negotiating position by reducing the time required to gain financing approval, and can ease time pressures during the often stressful period of removing final conditions of a contract of purchase and sale.
If you do not have a trusted mortgage professional that you are working with, I would be happy to put you in touch with one. Click here for assistance.
If you would like to calculate what your monthly payment terms would be, see my Mortgage Calculator.