Home loan borrowing capacity.
If you’re looking to buy a home, it’s important to understand your home loan borrowing capacity. It’s a smart idea to get a loan pre-approval before you start looking for a home for two reasons:
1) it will let type of home and location that you can afford, and
2) it will put you in a strong bargaining position when you want to make an offer on a home that you like. Your offer will be much more likely to be accepted than an offer that is subject to finance approval.…