This video highlights the most common mistakes buyers make before getting pre-qualified for a mortgage. Many start house hunting too early — an exciting step, but one that often leads to disappointment when a dream home turns out to be far beyond budget.
The video explains how major purchases like cars or furniture can hurt loan eligibility by increasing monthly debt payments. It also covers how neglected credit scores, forgotten small debts, or even a single late payment can reduce approval chances and raise future interest rates.
The takeaway is clear: getting pre-qualified first helps buyers understand their true budget, avoid emotional setbacks, and make confident, competitive offers from the start.
Planning to buy or sell a house or a condo in Mississauga, Brampton, Toronto and GTA?
Give me a call!
Alex Price, Real Estate/Mortgage Broker Toronto, Mississauga and GTA Direct
phone: 647-403-4282
SOLD YOUR FRIENDS PLANNING TO SELL OR BUY A PROPERTY? REFER THEM TO ME FOR GREAT SERVICE!
