Setting Up Your Budget
Most people need to borrow the money needed to buy a property. That is where getting a mortgage comes into play. Getting a mortgage pre-approval is the best option, especially for first time buyers. This allows you to “shop around” for the perfect property, knowing how much you can spend. You wouldn’t go shopping without looking at the price tag, and without knowing how much you have in the bank to spend. This concept applies for buying a property. Contact your local bank for more information on how to get pre-approved.