Before embarking on your quest for a new home, obtaining a mortgage pre-approval is a non-negotiable prerequisite.  Along with my guidance, this equips you with the confidence needed to navigate the home-buying process effectively.  With a mortgage pre-approval, a seasoned mortgage specialist, such as I, conducts a thorough evaluation, ensuring that your financial resources align precisely with your budget when you embark on your house-hunting journey.

I will expertly guide you through the pre-approval process, will furnish you with a crystal-clear comprehension of your financial capacity, rooted in lender and insurer criteria.  I will also outline the projected mortgage payments linked to your specific loan.  Additionally, I posses the capability to secure an interest rate on your behalf, typically maintaining it for a duration spanning 60 to 120 days.  If interest rates decrease during this period, your locked-in rate adjusts accordingly.  You are not committed to this lender, however, in the event of rising interest rates, your rate hold remains steadfast, ensuring your access to the most advantageous rate throughout the mortgage pre-approval process.

To kickstart the mortgage pre-approval procedure, I will request information essential for assessing your buying power starting with my online application found HERE.  I will also take the time to provide you with a Mortgage Fundamentals discussion reviewing elements such as mortgage terms, the process and the latest available programs.  I will recommend mortgage products tailored to your specific needs, and outline the  expenses associated with home purchase, aka Closing Costs.

In essence, securing a mortgage pre-approval is an imperative step for anyone contemplating a home purchase.  It not only provides you with a rate hold and budgeting tool but also positions you favourably during negotiations, setting you apart from prospective home buyers who have not undertaken this pivotal preliminary measure.

Contact me at 416-917-9427 or lesley@lesleysmortgages.com to embark on this exciting journey!