Mortgage Pre-Qualification & Approval

 

Once you made the necessary calculation and figured out the range of home price you can afford, the next step is apply for a mortgagepre-approval. This means that a Mortgage Consultant will look at your finances and will establish the amount of mortgage you can afford. At that time, the Mortgage Consultant will issue a pre-approval certificate, which is valid for a specific period with a guaranteed interest rate for the same period.