Calgary Real Estate Blog by Jerry Charlton - Calgary Realtor

If You Need A Mortgage - You Need Jessy and her Top 5 Reasons To Get Pre-Approved

If you need a mortgage, then you need a mortgage agent.
We recommend Jessy Bilodeau. She is a very experienced mortgage agent.
If she doesn't get you a mortgage, she doesn't get paid.
How's that for motivation to help you!  
Jessy - Mortgage Agent

Jessy's Top 5 Reasons to Get Pre-Approved for a Mortgage in Calgary

  1. Determining Your Budget:

    Getting pre-approved helps you understand how much home you can afford. This process involves a lender reviewing your financial situation, including income, debts, and credit history. Once pre-approved, you'll have a clear budget in mind, which prevents you from wasting time looking at properties that are beyond your means.

  2. Competitive Advantage:

    In a competitive housing market like Calgary, having a pre-approval letter gives you an edge over other buyers who aren't pre-approved. Sellers often prefer to work with buyers who have secured financing, as it reduces the risk of the deal falling through due to financing issues.

  3. Negotiating Power:

    When you're pre-approved for a mortgage, you have stronger negotiating power. Sellers are more likely to take your offer seriously because they know you have the financial capacity to complete the purchase. This can lead to better terms and possibly a lower purchase price.

  4. Faster Closing Process:

    Since much of the financial and credit verification is already completed during the pre-approval process, your mortgage application can move more quickly through underwriting once you find a property. This can help you close the deal faster, which is especially advantageous in a competitive market.

  5. Peace of Mind:

    Knowing you're pre-approved for a mortgage provides peace of mind. You can shop for homes with confidence, knowing that financing won't be a major hurdle. This reduces stress and allows you to focus on finding the right property for your needs and preferences.

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