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Posted on 28-Aug-2015 11:13
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A Pre Approval mortgage is much better than a a mortgage pre qualification as pre approval mortgage means the lenders have checked your credits and verified all your documents to approve a specific amount of loan for a scheduled time period. You have to show all your bank statements and investment documents which will prove that you have sufficient funds to make down payments ( as low as 3.5% of the cost of home).
If you have already decided to refinance your mortgage you should take care of interest rates, financial implications, and also try to fix the interest on current existing rate. Refinancing at today's rate could save a few dollar You should also note down minimum amount payable and compare the total cost with the cost of breaking your mortgage.
Please consult us before refinancing and our experts will explain the same in detail.
Address 3200 Roblin Boulevard Winnipeg, Manitoba R3R 0C3
