FAQ

How do I start?

Let's get you Pre-Approved!

Getting pre-approved with the right mortgage agent helps you understand your budget and shows sellers you're a serious buyer.

What should I consider before buying?

1. Do you have stable and consistent income?

2. Do you have sufficient savings for down payment and closing costs?

3. Do you have a good credit score?

4. Do you have little to no debt?

How much can I afford to borrow?

This depends on your income, debt, down payment, and credit history. Most lenders use the Gross Debt Service (GDS) and Total Debt Service (TDS) ratios to determine affordability.

When should I refinance?

• access to a lower interest rate
• pay off high interest debt such as credit cards
• home renovations
• eliminate mortgage insurance
• investments

• purchase more real estate