Mortgage Pre-Approval for First Time Buyers
& Seasoned Home Owners

Most buyers need a mortgage when buying a home.
First time buyers and seasoned buyers generally have to
apply for a mortgage and be pre-approved.

As a Realtor its important that all buyers have
mortgage pre-approval before showing houses for sale.

Pre-approval for a mortgage can be performed by a bank or mortgage broker.

Here are two links to mortgage companies
that can help you qualify for a mortgage:

Jencor Mortgage Corportation , contact: Staci Stryker, 245 3636.

TD Bank Financial , contact: Jenny Fang, 690 1988

Important issues to be aware of are:

• What downpayment do you have, 0%, 5%, 10%, 25%, or more?
• What is your total combined family income?
• Have you been employed in your present position long enough to qualify?
• What monthy debt and payments do you have?
• If buyer is selling a home. Is it listed? Is it on the market? Is it sold?
• Buyers are in very strong position if their home is sold.
• Sale of Buyers Home condition is a very weak offer, when buying new home. 
• Credit rating is a factor, discuss with mortgage lender.
• Do you qualify for CMHC mortage?
• Do you qualify for a convention al mortgage?

-1988