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The Pre-Approval Preach

The Pre-Approval Preach

Pre-Approval Process

At TeamClinton, we’re big fans of anything that encourages efficiency during the home-purchasing process for our clients. And, nothing smooths the way quite like a pre-approval.

Becoming pre-approved means heading into the housing market battle-ready. You’ll know the maximum amount you can afford to spend on a home. As well as the monthly mortgage payment associated with your max purchase price. What your mortgage rate will be for your first mortgage term.

You will discover your realtor can work miracles with the clearly defined parameters a this provides. You’ll sleep better, knowing when you do find the abode of your dreams your offer isn’t dependent upon securing financing. Perhaps best of all, this process doesn’t leave you beholden to any single lender but does give you the power to lock in any offered rate that suits your fancy for 120 days.

So…why doesn’t everyone just go for pre-approval?

Human nature, in short! It’s easy to get carried away in the excitement of house-hunting and forego the more boring aspect of ensuring you qualify for what you think you’ll qualify for.

Another common reason many don’t meet with a mortgage broker to get pre-approval is fear of rejection. Maybe even the unknown possibilities that may lurk in their credit history. We get it, booking a meeting for pre-approval when you haven’t the foggiest as to your current financial standing might seem like a scary prospect. But, that’s what we’re here for!

The Bottom Line:

Meeting with a mortgage broker you trust to discuss pre-approval before you start house-hunting can save time, money, and a whole lotta heartache by providing firm guidelines on the maximum amount you’re eligible to borrow and highlighting any potential credit issues that need to be improved before you attempt to purchase.

Contact TeamClinton today to see what possibilities pre-approval can unlock for you!

1. The “Holiday Cheer Giveaway” (the “Contest”) runs from 08:00:00 a.m. AST on December 1st, 2020 (the “Contest Starting Date”) to 5:00:00 p.m. AST on December 11th, 2020 (the “Contest Completion Date”). The Contest will have one (1) grand prize draw for a cash prize of $2,200.

2. Submitting this form implies consent to subscribe to our emails and mobile phone alerts. Subscribers may opt-out at any time.

3. SMS message and data rates may apply. Text HELP to 68411 for help, text STOP to 68411 to end. By opting in, I authorize the seller to deliver messages using an automatic telephone dialling system and I understand that I am not required to opt-in as a condition of entering the Contest.

4. Participants will receive one (1) contest entry for signing up for email and/or mobile phone updates. This is limited to one entry per person through the online sign-up form.

5. Participants may have the opportunity to earn additional entries and any details will be announced from time to time if available.

6. Participants must be 18 years of age at the time of contest entry and reside in Nova Scotia, Canada.

7. By entering this Contest, all entrants consent and agree to the use of their name, address, likeness and photo for any advertising, publicity and marketing purposes by the Sponsor, without compensation.

8. By entering, all eligible participants agree to abide by the rules and conditions outlined above.

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Normally you can find this at retail stores across Halifax and Dartmouth, but we wanted to make it even easier for you to get a copy.

The entire guide is available online to view or download, and to make sure you’re staying safe at home, you can now request a print copy by mail, free of charge, anywhere in Nova Scotia!