When you are ready to purchase a home, it makes sense to negotiate from the strongest position possible. In a strong real estate market, sellers can be more selective in the buyer they choose to settle with. In a seller's market, it's not uncommon for a seller to receive several offers on their property.
Why then, do so many buyers wait to start the financing until after they have found the home?
Good, qualified buyers and are not worried about getting approved. Even though they usually are correct and will ultimately be ‘Approved’, the Seller in most cases has no guarantees.
As a prospective purchaser, it makes all the more sense to start the financing early on so you can get a favourable interest rate and estimate of transfer costs. If you do this before finding a home, you are not under any time constraints and are less likely to over pay like a buyer who has found a home and is under strict time constraints.
Should you decide that you wish to take advantage of Pre-Qualification, simply complete the attached confidential bond application. We will locate the absolute best bond rate and process your application without any cost or obligation.