Why Its Important to Get Pre-Approved

Having a pre-approved mortgage will give you the confidence of knowing exactly what you can spend on a home before you start looking. You will also be protected against interest rate increases while you look for your new home.

Your Mortgage Specialist will answer your questions and help you determine which financing terms and options are right for you. Your Mortgage Specialist and Real Estate Professional work as a team to help you find the right home and select the best financing.

Finalizing Your Mortgage

Once you've found the home you want to purchase, there are some documents you'll probably be asked for in order to finalize your financing. They will include:

1. A copy of the real estate listing of the property. If the home is still to be built, the mortgage lender will need to see the architect's or builder's plans and details on lot size and location.

2. A copy of the offer to purchase or the building contract, if this document has been prepared.

3. Documents to confirm employment, income and source of pre-approval.

If you have a pre-approved mortgage, it's a simple matter of finalizing a few details which your Mortgage Specialist will explain to you.

About The Author

John Carle & Sharon Gregresh are Realtors with Royal LePage - ArTeam in St. Albert, AB. They pride themselves on providing more than just real estate sales and listings. Their clients benefit from a much larger spectrum or real estate services. Contact them any time at information@workingtogether.ca or through their website at www.workingtogether.ca. They can be reached by phone at (780) 458-5595

Times Online
We Need Fundamental Mortgage Reform
Wall Street Journal - 7 hours ago
Even though the essence of a mortgage refinance is simply to reduce the mortgage interest rate, that can be accomplished today only by paying off the old ...
Video: US takes over mortgage giants - 08 Sep 08 AlJazeeraEnglish
Full Story KARK
Washington's Fannie And Freddie Plan: Why Now? Forbes
13WHAM-TV - Detroit Free Pressall 5,363 news articles

Mortgage Refinancing Points to Consider
Corsavoo.com, France - Sep 6, 2008
Though it is probable to attain a no-cost refinance mortgage from a mortgage loan lender, remember that these lenders are out there, trying to earn a ...

Understanding Mortgage Refinance Rates
SheKnows.com, AZ - Sep 4, 2008
Mortgage refinance rates are the lowest rates, homeowners can get when trying to refinance their mortgages. Simple, isn’t it? Maybe so, but obtaining the ...

Boston Globe
US mortgage takeover promises no quick housing fix
guardian.co.uk, UK - 15 hours ago
By restoring confidence it should also bring down mortgage rates so previous home buyers can refinance into cheaper loans and new ones can enter the market. ...
US economy not out of the woods despite Fannie-Freddie bailout ABC Online
Questions, and Hope, on Plans for Mortgage Giants New York Times
all 329 news articles

The Associated Press
Fannie, Freddie deal helps some borrowers, not all
The Associated Press - 12 hours ago
If fees were eliminated, we would see more qualified borrowers being able to refinance or qualify for a mortgage," said Marc Savitt, president of the ...

The Homeowners Consumer Center Announces A Win-Win Honest Mortgage ...
PR Web (press release), WA - 4 hours ago
Monthly in state press releases that will recommend individuals wishing to refinance, or finance a home to use the endorsed mortgage brokerage firm in their ...

AP Executive Morning Briefing
The Associated Press - 1 hour ago
... Freddie Mac on Sunday will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect. ...

FinFacts Ireland
Troubles spread to prime Md. mortgages
Baltimore Sun, United States - Sep 6, 2008
... interest-only mortgage with an adjustable rate. The rate kept rising until it was just too much, and he was told he couldn't refinance because the value ...
Report says 3.1 percent of Conn. mortgages overdue Newsday
Home loan troubles break records again The Associated Press
US Mortgage Foreclosures, Delinquencies Reach Highs (Update3) Bloomberg
Washington Timesall 696 news articles

Five reasons the Fannie/Freddie bailout should not happen -- and ...
BloggingStocks - 20 hours ago
High cost to refinance monthly debt. Bloomberg writes that as of "mid-August the companies had $223 billion of debt to refinance by the end of the quarter. ...

Learn, Network, Invest
Real Estate News | BiggerPockets.com, CO - 8 hours ago
The seller’s original financing stays in place until either refinanced or sold to a third party. The investor/buyer takes title to the property while ...

Wind Chimes and more...

Windchimes for great gifts!

Adjustable Rate Mortgages Offer Alternatives For Home Buyers