Preparation is the key to successful home-buying. And, one of the best ways to make the most of finding the right home is to get prequalified. Prequalification is free and only takes a few minutes – your professional mortgage advisor will help you to get started.
When you prequalify you will:
- Know how much you can afford.
- Have an estimate of your monthly payment.
- Know which loan options are best for you.
- Receive a personalized prequalification letter – this gives you an advantage over competing buyers who are not pre-qualified because it gives the seller the assurance that your financing is backed by a national bank.
The prequalification process does not commit you to a home to purchase. If you do not find a home right way, no worries! When you're ready to purchase, your mortgage advisor will update your information and guide you through final steps of the loan process.