RE/MAX Escarpment
Languages
Specialties
Buyers, Condominiums, Luxury Homes, New Builds, New Construction, Residential, Sellers
Locations
Burlington, Grimsby, Hamilton, Lincoln, Waterdown
Mar 23, 2023
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Asses Your Financial Readiness.
Assess your present household budget and your annual income to determine if you are eligible for a mortgage and how much you can comfortably afford.
HAVE YOU BEEN PRE‐APPROVED?
Getting pre‐approved for a mortgage before looking at properties gives you a more realistic expectation of what you can afford.
However, keep in mind that the pre‐approved amounts can overestimate what you can actually afford to pay.
Pre‐approval does not guarantee you will be approved once you actually apply if market conditions, interest rates, or your personal circumstances change.