How Much Regina House Can You Afford?
The Financial Process
Many buyers are applying for a loan and obtaining approval before they find a home they want to buy.
Here are the benefits:
- You look at the homes within your pre-approved budget.
- The seller knows you are serious.
- With a pre-approval, your offer is more attractive and can finalize sooner.
Why do you need a pre-approval?
Mortgage rates are constantly fluctuating and the qualification rules are constantly changing. It is recommended that you meet with your bank or mortgage professional prior to starting your new home search so they can provide you with a pre-approval.
This means that you will know exactly how much you can spend and how much the bank will lend you. Once you put an offer in on a home the process will run smoothly as the financing process has already begun.
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate.
Contact the Tourney Group online for more information about financing your next Regina real estate purchase.