DOES MORTGAGE PREAPPROVAL REALLY MATTER?

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DOES MORTGAGE PREAPPROVAL REALLY MATTER?
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• The real estate market is a changeable one, and
  there are never any guarantees that youll find
  the home youre looking for, let alone that
  youll be able to afford it when you do. Of
  course, that shouldnt stop you from looking, but
  it should mean that you think carefully about
  what you might be able to do to increase your
  chances of finding and buying, the property of
  your dreams.
• What is mortgage preapproval?
• This process involves a lender reviewing your
  financial information to determine your
  eligibility for a mortgage, as well as how much
  you can afford. The lender will pull and review
  your credit report and score, and collect
  documents such as tax returns, bank statements,
  W-2s and pay stubs.

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• Should you get mortgage preapproval?
• While availability can vary drastically from city
  to city, and even neighborhood to neighborhood,
  competition is currently pretty fierce, and
  getting a mortgage preapproval can help you stay
  one step ahead of the competition heres how
• Mortgage preapproval can get you a showing
  quicker
• More and more nowadays, realtors are refusing to
  show homes to potential buyers unless they can
  produce a preapproval letter, so to avoid
  disappointment, get this done before beginning
  your search.

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• It can give you the confidence to put in an offer
• Mortgage preapproval helps you to get a clearer
  picture of what you can afford to pay in monthly
  mortgage payments, giving you more confidence to
  put in offers.
• You could encourage sellers to see you as a
  low-risk buyer
• Having had your buying power verified by a
  preapproval underwriting team, you can give
  sellers confidence in your ability to pay, and in
  some instances, it may even encourage them to see
  a preapproval-backed offer as being as sound as a
  cash one.

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• How can you get mortgage preapproval?
• Many lenders, especially nowadays, offer
  borrowers a convenient online mortgage
  preapproval process, and you can quickly and
  easily submit the relevant documentation for
  items such as pay stubs, tax returns, W-2s and
  you can even connect virtually to your bank to
  have your assets verified.
• So, if youre thinking about buying a property in
  Canada, give yourself the best chance of finding
  what youre looking for and securing a great
  deal, by getting a mortgage preapproval. For more
  detailed guidance and advice or to get the
  mortgage ball rolling, connect with your local
  mortgage broker today.

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• Red Key Mortgage is located in Calgary, Alberta.
  We are a boutique brokerage with high volume
  serving hundreds of clients locally and
  nationwide every year. We have a number of
  associates dealing in mortgages as licensed by
  the Real Estate Council of Alberta. Being a
  calgary mortgage agent, Red Key Mortgage, will
  provide all of your available options from the
  entire mortgage market and allow you to make an
  educated decision where you'd like your mortgage
  to go. Red Key Mortgage works with big banks in
  Canada, as well as over a dozen other AAA
  lenders. Best of all, our services are paid for
  by the lenders at no additional cost to our
  clients. If you are looking for best mortgage
  broker in Calgary, contact us today! We can't
  wait to get started.