Halifax Nova Scotia Real Estate
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Halifax Real Estate Information
Pre-qualification and Pre-approval on a Mortgage
Any reputable real estate agent will "pre-qualify" you for a mortgage before you start house-hunting. This process includes analyzing your income, assets and present debt to estimate what you may be able to afford on a house purchase. This way you can set realistic purchasing goals. Mortgage brokers, or a lender's own mortgage counselors can also calculate the same sort of informal estimate for you. In Halifax you can get pre-approval by any of the local banks including Scotia Bank, Bank of Montreal, or the Royal Bank. Contact your Halifax real estate agent who can possible recommend a reliable mortgage broker.
Pre-approval makes you a strong buyer, welcomed by sellers. With most other purchasers, sellers must tie the house up on a contract while waiting to see if the would-be buyer can really obtain financing. Pre-approval will also speed up the entire mortgage procedure once you've found the house you want.
Further Information:
Planning Your Home Purchase
Checking Your Credit Rating
Pre-qualification and Pre-approval on a Mortgage
Becoming an Educated Buyer: Research Neighbourhoods
Becoming an Educated Buyer: Your List of Home Requirements
Assess Your Finances: Checklist
Assess Your Finances: Compare buying with renting
Assess Your Finances: Calculating the cost of homeownership
Assess Your Finances: What you can deduct
Interest Rates and How They Change
Closing Costs
Other Closing Costs
Figuring Out Your Monthly Income
Figuring Out Your Monthly Debt
Amount of Your Down Payment
How Much House Can You Afford?