Monday 24 September 2012

What's the scoop on Mortgage Pre-Approval?


Getting a Mortgage Pre-Approval


If you are looking for a new home, be sure you are pre-approved. With a mortgage pre-approval, a licensed mortgage professional can do a more complete verification prior to sending you shopping for a home, and with that done, the dollar figure you are going shopping with is actually what you can spend.
The mortgage professional that you work with to get pre-approved will let you know for certain what you can afford based on lender and insurer criteria, and what your payments on a specific mortgage will be.
Licensed mortgage professionals can lock-in an interest rate for you for anywhere from 60 – 120 days while you shop for your perfect home. By locking in an interest rate, you are guaranteed to get a mortgage for at least that rate or better. If interest rates drop, your locked-in rate will drop as well. However, if the interest rates go up, your locked-in interest rate will not, ensuring you get the best rate throughout the mortgage pre-approval process.
In order to get pre-approved for a mortgage, a mortgage professional requires a short list of information that will allow them to determine your buying power. A mortgage professional will explain to you the benefits of shorter or longer mortgage terms, the latest programs available, which mortgage products they believe will most likely meet your needs the best, plus they will review all of the other costs involved with purchasing a home.
Getting pre-approved for a mortgage is something every potential home buyer should do before going shopping for a new home. A pre-approval will give you the confidence of knowing that financing is available, and it can put you in a very positive negotiation position against other home buyers who aren’t pre-approved.

At Harmony Mortgage Group our licensed professionals do more than just run numbers.  With over 20 years experience in Mortgage lending you can rest assure your individual questions and mortgage needs will be well taken care of.  We specialize in first time homebuyers and work with many different realtors with strengths to fit anyone's situation.

HarmonyMortgage@gmail.com
toll free 1-888-755-1126

Wednesday 5 September 2012

Mortgage up for Renewal soon? Start now!

It really is never to early to start looking at options for your renewal.  Harmony Mortgage Group has trained professionals who are trained experts in the field of Mortgages.  We don't like to slam banks as we all need our banks for personal loans, banking, credit cards, and lines of credit.  In fact we encourage you to talk to your bank and see what options are available before coming and talking to us. 
With over 40 different lenders (often even your own bank) we can find the best mortgage solution for you.  This way when your mortgage term is up you have the confidence that you have made the right decision and can rest at ease knowing you received the best rate, term, and institution suited for you and your family. 

Just like any area of expertise it is important that you talk with someone who not only has your best interest in mind but knows what options are available.  We at Harmony Mortgage Group are specifically trained in Mortgages.  This means unlike banks who only train their mortgage advisers on how to sell "their" product, we know fully and understand all the industry rules, guidelines and constant changes that can give a borrower a leg up on qualifying for a purchase, renewal or straight transfer to a new institution offering a better product.

There are situations where your mortgage comes up for renewal and the institution you are currently with is actually offering the best product for you, in this case, you get the best of both worlds, we will look at your terms, and help you decide if you are getting what you as a client deserve and often negotiate with your own institution.

Give us a call today for a free consultation.  We can meet in person, talk over the phone, or simply email if you prefer.  You can meet us in person in our Dominion Lending office in the Sutton Business Centre 9240 Young RD Chilliwack. call us toll free 1-888-755-1126 email us HarmonyMortgage@gmail.com