Pre-approval Mortgage in Montreal
You are in the right place! In a single request, Mathieu Lebrun’s Team negotiates for you the best possible mortgage rates for your pre-approval, with more than 30 financial institutions.
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What is a Mortage Pre-approval?
Get a mortgage pre-qualification!
A mortgage pre-approval is a first step that helps you understand how much you may be able to borrow before you start looking for a property. Based on your income, down payment, debts and financial situation, the lender can estimate the loan amount you may qualify for.
Getting pre-approved gives you a clearer idea of your purchasing limit, your possible monthly mortgage payment, and the mortgage rates that may be available to you. It also helps your mortgage broker guide you toward the right financing options before you make an offer.
Mortgage Pre-Qualification:
Before you go shopping, know your purchasing limit! Before you go looking for a home, you need to establish the price you can afford. It could be more or less than you think. It will all depend on what the lender will want to lend you, based on your income, the loan amount you may qualify for, and the amount of your current down payment or that you might find.
Getting your mortgage prequalification before looking for a house means saving time, energy and frustration. Plus, getting pre-approved is free!
Determine how much you can pay for your home.
Mortgage prequalification will allow you to know whether you can buy a bigger house than you thought you could, or whether you may be disappointed at not being able to buy it as big as you would have liked.
Determine the amount of capital required to buy your home.
You will know approximately how much money you will need for the down payment and the closing costs of the contract.
You will know the amount of your monthly payments.
You will know the amount of your monthly payments.
You will have a good idea of the monthly disbursements for principal, interest, taxes, and insurance.
You will learn about funding programs that can meet your needs.
With the range of mortgage loan programs currently available, it is important that you know which ones are right for you and your needs.
At this point, the mortgage broker can also help you find options and strategies to help you buy the house of your dreams. It could be:
- special program for the home Buyer
- Minimum cash out programs
- financing a mortgage co-debtor
- help for debt consolidation
What Your Mortgage Advisor Needs for Your Pre-Approval Mortgage Application
For your pre-qualification, the mortgage advisor will need to know:
- your employment history and your income
- monthly payments for your obligations and debts
- amount and sources of cash available for down payment and closing of the contract.
Mathieu Lebrun’s Team
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