When should I talk
to someone about my mortgage options?
There is nothing more frustrating that falling in
love with a home, only to find out you can’t afford it.
What’s the best way to avoid disappointment? Figure out your
finances before you start looking.
Pre-qualifying for a mortgage is the best
way to find out how much you can afford. Your financial
institution will look at your income, expenses and debt to
determine how much they will lend you. Combine that amount
with the money you have for a down payment, and that’s your
budget.
Once you have pre-qualified, consider applying
for a pre-approved loan. Then, when you find
the home you want to buy, it will speed up the
purchasing process.
Want more information about planning
your mortgage? See Organizing
Finances.
Who should I
talk to about my mortgage?
Your bank is only one option. Mortgages are available
through a number of financial institutions; you should shop
around for competitive rates and options.
HLC Home Loans Canada offers a wide range of mortgage
products and home financing solutions. Whether you're buying
your first home, considering a renovation, or looking into
your next purchase, HLC Home Loans Canada has the options,
choice and flexibility to meet your specific needs. |
