Mortgage Pre-Approval: 5 Critical Questions

FREE Guide: 5 Critical Questions To Ask BEFORE You Get A Mortgage.

Before you even pick up the phone to call a lender, give some thought to your financial situation and needs, both short-term and long-term goals. No lenders can provide the best mortgage without first understanding your needs and goals. And they’ll never understand your needs unless you can explain them clearly and concisely.

What I’d suggest is that you sit down with your spouse and consider some of the following issues. Only then will you be able to answer the questions any responsible mortgage advisor will ask in order to help you choose the right mortgage.

• How long are you planning to live in this home?
• How are your finances likely to change over the next few years?
• Which are you more comfortable with: mortgage payments that always stay the same OR payments that rise and fall with the Prime rate?
• How soon would you like to be mortgage-free?
• When will your children be entering college or university?
• When are you thinking of retiring?

OK, now that you have your needs and goals in mind, you’re ready to start making some calls. As I said, any responsible mortgage advisor will ask you a lot of questions in order to narrow down the options and select the right mortgage to compliment the strategy laid out for you and your family. But if you want to make sure you have the very best mortgage advisor who with see your goals to fruition—after all, that’s exactly what you deserve!—you have to ask some basic questions too.

To help you in this, we’ve prepared a FREE Consumer Awareness Guide titled, “5 Critical Questions to Ask Before Getting a Mortgage.” Using this shopping around guide will ensure you avoid costly mistakes and choose the very best advisor.

Go ahead and download our E-Book by entering your information into the box below. You will receive a confirmation email from us to ensure that we have the right email address in our system. Should you have any questions, please give us a call at 403.242.5547.