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mortgage pre-approval
mortgages 101 700450X THUMBNAIL
Most first-time buyers lack sufficient funds to purchase their home outright and require loan financing (a mortgage) to make it work. In this article, we cover the basics of getting your first mortgage.
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Whether shopping for a new home, have a mortgage renewal coming up, want to refinance or just want to know how much you're able to spend, getting a mortgage pre-approval is well worth it, and can save thousands of dollars or more. The principal benefits are protection against rate increases, and the safety and security...
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mortgage pre approval 700450X THUMBNAIL (2)
Mortgage pre-approval is used by lenders to “vet” borrowers and estimate spending ability for a home purchase. Seven factors determine the amount, both for pre-approval and final approval.
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With Careful Planning and Execution, You Can Go From Zero To a Great Credit Score Quickly Five months ago, Arun Kumar from Right at Home Realty referred his clients Raj and Nindy to me for a pre-approval for a mortgage for their first home. Raj has a good job making $71,000 per year, and Nindy was...
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Consumer Proposal can de-rail a pre approved mortgage Today’s question came from a reader in Alberta who is currently in a consumer proposal and also wants to buy a new home. “I moved to Alberta in 2007 for a family crisis and have had some personal hurdles to overcome in regards to employment – as a...
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REFINANCE 700450X THUMBNAIL
Refinancing your mortgage can be a great tool to achieve many different financial goals, from saving money by lowering your rate, to consolidating debts, to taking cash out of your equity for renovations, investment opportunities or even education.
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