Looking for the home of your dreams? Many homeowners
think the first step is to start going to open houses and
researching the market.
However, even before you start looking for a home, it can be a great
advantage to have a pre-approved mortgage.
A pre-approved mortgage simply means that you’ve reviewed your
financial situation with a lender and you know what you can afford to
spend on a home in terms of the purchase price, down payment, legal
fees and other closing expenses. It also means you know how much you
can borrow based on your current financial situation, subject to a formal
credit approval and satisfactory property appraisal.
There is no cost or obligation to have your mortgage pre-approved
by RBC Royal Bank®, and you’ll know in advance what your mortgage
payments will be. And, with your interest rate guaranteed for 120 days,
you’ll be protected if interest rates increase while you’re house hunting.
With your mortgage approved, you can shop and negotiate with
confidence, avoiding the disappointment of finding the perfect home
only to learn later that you don’t qualify for the mortgage you need to
purchase it. A mortgage pre-approval carries no obligation to purchase,
but simply acts as a tool that can help you focus on homes that are
truly affordable.
If you’re buying your first home, you can count on me for the advice you
need. I can take care of all your mortgage needs, including mortgage
pre-approvals and applications, anytime, anywhere, on evenings or
weekends, at your home or office.
Mortgage Specialist
403-606-1008
marilyn.hilderman@rbc.com