Preparing to Buy in an Active Real Estate Market
When you find yourself preparing to purchase
real estate during an active market, as we have had in Vernon, Armstrong, and the whole Okanagan, you’ll want to ensure that you’ve teamed up with the best professionals to work with during your transaction. Amongst your team will be a qualified mortgage pro so that you can ensure your important questions are answered and that you're ready to make an offer when you find the perfect property for you.
The market is ever-changing, so before you begin shopping meet with your selected mortgage professional to establish your personal affordability. Ask questions about what your monthly mortgage payments will look like if there are any additional fees you should be ready for, and what other financial obligations may come with purchasing a property.
Ensure your lender completes a rate hold for the pre-approval and covers any questions you may have about future changes to your mortgage too, such as a "mortgage port" in the event you sell the property.
Take the time to get your mortgage approval in order to ensure you have a smooth and enjoyable home buying process!