What is pre-qualification?
This is when you as a buyer have spoken to a bank or mortgage broker and they have assessed your financial situation and given you an idea of the amount of the mortgage you can get to purchase a property.
Why do buyers need to do this before they find the right property?
Vancouver's real estate market is heating up again. To be competitive as a buyer in this market pre-qualification is critical so that when you find that perfect home you don't lose it just because your mortgage is not arranged.
For more information please call Karli De Vries at 604 738 9891 or email her at karli.devries@rbc.com or go to her website at http://mortgages.rbcroyalbank.com/karli.devries
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