Why you need finance pre-approval if you’re looking to buy!

  1. It helps determine what amount you can borrow, and therefore what properties are within your price range.
  2. Puts you one step ahead of other buyers and can speed up the process if you do decide to put an offer on a home.
  3. You may underestimate how long it will take to provide all the necessary documentation that your bank/broker may require to actually get you pre-approval.
  4. Knowledge is power! Knowing what you can and can’t do gives you the power to act when the opportunity presents itself.