This video explains what mortgage pre-qualification is and why it’s an important first step for homebuyers. Viewers will learn how lenders estimate a potential borrowing amount based on basic financial details such as income, savings, and existing debts.
Pre-qualification helps buyers understand their realistic price range, boosts confidence at the beginning of the home-shopping process, and allows real estate professionals to match them with suitable properties.
It’s important to remember that pre-qualification is only an estimate — not a guarantee. A full pre-approval is still required later to verify financial information and confirm true borrowing power.
For expert guidance in buying or selling a home, reach out for a personalized consultation.
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Alex Price, Real Estate/Mortgage Broker Toronto, Mississauga and GTA Direct
phone: 647-403-4282
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