When looking to purchase a house, in particular for a first time homebuyer, looking on MLS.Ca or going to open houses might having you feel like a kid in a candy store!

But how do you establish what house you can actually afford? What is your limit? What are the houses you should be targeting?

All in all , it comes down to what you can afford to pay back – based on this a mortgage pre approval can be made, and you can have an actual solid price range to look for.

The process is simple

• 1. Contact BestRateGuys.com, let us know you are in the market for a home. Even if its not immediate, we can still work with you so you can get an idea of what you can afford.

• 2. BestRateGuys.com will educate you on mortgage financing, interest rates and terms…..so you fully understand the process and you possible future obligations.

• 3. BestRateGuys.com will work out a payment formula with you, something that you agree will be an affordable way to make your dreams reality. Our success is your success as a homeowner, we want to make sure your monthly mortgage payments are do-able for you. we access how much you make every month, combined with your total liability and factor in your assets, also we look if you have a down payment, if not can we arrange financing without one?. We also look at your past history with credit, and offer if need be ways to improve an downfalls you may have had.

• 4. Fill out a pre approval. A pre approval is your BEST tool in discovering what it is you qualify for! This pre approval does NOT mean that you are obligated to get the financing, it does however give us both a feel of the exact financing amount you can qualify for, as well as what lender can offer you the best rate, and we hold that rate for 120 days! If you choose not to move forward with that pre approval, after 120 days you may need to re apply for another pre approval.

• 5. You start looking at homes! This is the exciting part. You work with a realtor to get a feel of what type of home you are looking for. If you don’t have a realtor, BestRateGuys.com can hook you up with an area realtor.

• 6. Find that special home! Work with your realtor to make an offer to purchase your home. Bestrateguys.com will work out the rest of the details concerning solidifying the financing, and take care of all the paper work.

             Its that simple.

And remember we get paid only when the deal closes. At that point we get paid by the lender, NOT you!

There is no cost associated with doing a pre approval- so we suggest you stop wondering what it is your looking at and get a educated on what you should be looking at.

                                         Contact us today or visit our pre approval page today!