Mortgage Pre-Approval: What Lenders Want To Know
A mortgage pre-approval is an important first step in the home-buying process. Having a pre-approval in hand tells you how much you can spend on a home, and it locks in the current low interest rate for up to 120 days, so you can shop the market knowing you’re insulated from rate hikes in the near future. If the rate drops, your lender should honour the new lower mortgage rate when you’re ready to make your purchase.
Original Article Source Credits: REMAX , https://blog.remax.ca/
Article Written By: NA
Original Article Posted on: October 9th, 2020
Link to Original Article: https://blog.remax.ca/mortgage-pre-approval-what-lenders-want-to-know/