When it comes to providing mortgage solutions in Mississauga, Richard Bacchus, has become the go-to mortgage agent. This is because Mississauga is his home and he believes in doing everything he can to make the people of this great city flourish and grow. One way he is doing this is by helping people who work and live in Mississauga get their mortgage pre-approval loan application completed. The reason you want to go through the process of getting pre-approved for a mortgage is that it prevents you from wasting precious time looking for the house of your dreams or commercial real estate in prices ranges you cannot afford. This is why you should begin the property purchase process with a mortgage agent before you go to a real estate agent so you have a better idea of what you can afford. By getting your much-needed mortgage pre-approval services completed you will be able to go window shopping ready to pay for the one property you just can’t give up because you will have a better understanding of what you can afford. Not only will you feel more confident in your choices, but by having a pre-approval backs up your offer on a property by letting the seller know you are ready to buy right this instant with no time to waste, which means if they are in hurry you will become their main focus compared to any other offer they potentially get.

Call right now to talk to Richard Bacchus and his team to get your mortgage pre-approval started today in Mississauga.

When you choose to get a mortgage pre-approval in Mississauga it means you want to find out if you were to take out a mortgage how much money could you get and at what specific interest rate, terms, and conditions. This lets you know ahead of time how much you can afford so you can focus your home or commercial real estate searches instead of wasting time at looking at things you cannot afford at this moment. To begin the process you would call Richard Bacchus to let him know you would like mortgage pre-approval services. As soon as you provide him with a list of financial information he will compile it to create a clear financial picture for a mortgage lender. Richard would then find a variety of mortgage lenders who will provide you the best mortgage approval solution for your given financial circumstances. The mortgage lender will then review your financial situation and write a statement saying how much they would be willing to lend you and at what rate. There is no commitment to the lender that pre-approves you to get a mortgage through them, however, by choosing someone else it means going through the entire process from the beginning.

The major difference between a pre-qualification and a pre-approval is the level of commitment there is on behalf of the mortgage lender to give you a mortgage at a certain amount with a specific interest rate. When it comes to a pre-qualification there is little commitment to give you a mortgage and therefore provides no guarantee that you will get a mortgage because of its fairly light review process. The pre-qualification process requires a mortgage lender to only review your financial assets and liabilities (debts) and then provide you with a rough estimate of the amount of money you can potentially get and some insight into potential rates and mortgage options you have available to you. On the other hand, a pre-approval requires significantly more time and documentation to process such as credit checks, and a thorough understanding of your financial history and current financial situation. In this case, a mortgage lender is heavily committed to giving you a mortgage and will lock you in for a specific interest rate between 60-120 days so you don’t have to worry if interest rates rise.

Want to find out more information about what is involved in getting your mortgage pre-approval in Mississauga, call Richard Bacchus now.

When it comes to getting your mortgage pre-approval in Mississauga there are a variety of benefits that will positively impact your mortgage application and purchase of your property. These include:

• Securing a mortgage faster.
• Showing a seller that you are serious about making a purchase.
• You can make your purchases faster without having to go through the process of having the seller wait to determine if you can afford to make the purchase.
• Sellers may choose you over other prospective buyers because you have proven that you are prepared to make a purchase.
• You will have a better understanding of the maximum amount of money a mortgage lender will be willing to give you at a specific interest rate which is secured for 60-120 days. If interest rates rise, you are protected, if interest rates fall you get the lower interest rate.
• Get a clearer picture of what you can afford based on your current financial situation.
• You will be able to find a great real estate agent because they will see you as a serious buyer who thinks proactively.
  With the majority of the work completed, your real estate deal will be able to close faster as you will be able to get your mortgage fairly quickly.

These are some huge benefits to you moving forward and is the reason why Richard Bacchus always recommends to his clients and anyone looking to purchase a house to have this mortgage service performed.

For that perfect property, you want to purchase in Mississauga, having a mortgage pre-approval will allow you to strategize and plan in advance regarding your future spending. This is because once you have completed your mortgage pre-approval service process you will be able to better estimate your mortgage payments well before actually getting your mortgage.

A mortgage pre-approval may be the perfect solution for you in Mississauga, call Richard Bacchus today to begin the process.

Getting a mortgage is based on the value of the property, your down payment, your income, and your financial standing. A pre-approval is the maximum a lender will be willing to give you based on only your financial situation. Therefore you are not guaranteed you will get your maximum, that is why Richard always recommends looking to purchase a property that is lower than your maximum allowable mortgage loan based on your pre-approval status so you are more confident that you will get the property you are looking for. The part of your pre-approval that you are guaranteed is your mortgage interest rate which is held for 60-120 days depending on the mortgage lender chosen. If interest rates rise, you get to maintain the interest rate that was given to you, if they fall, on the other hand, you get the lowest available interest rate.

Once you have completed your mortgage pre-approval process in Mississauga, you are not obligated or committed to move forward with getting a mortgage or loan from the lender that locked you in at a specific interest rate. It is however very important that you do get your pre-approval completed so you are better informed about how much money you can get and at what rates, terms, and conditions. The biggest advantage to you when completing your application in Mississauga for your mortgage pre-approval is the knowledge you will have, allowing you to be more confident when applying for a loan so you can make your purchase. If for some reason you choose not to get the mortgage because you no longer plan to purchase anything, at least you have more insight into what you will need to do to improve your credit score and reduce your financial riskiness levels so lenders will be willing to give you more money when needed. The downside of not moving forward with getting the mortgage from the lender who gave you the mortgage pre-approval in Mississauga is that you will have to begin the process all over again.

Get more informed about how much money you can have loaned to you with a mortgage pre-approval before going out house shopping in Mississauga. Call Richard Bacchus now.

For those of you who are residents, business owners, and employees in Mississauga, Richard Bacchus can get you your pre-approved mortgage between 24-48 hours. The completion of this mortgage service is based on how quickly you can get your financial details and any other key criteria to Richard so that he can process the information allowing him to negotiate with mortgage lenders.

Some mortgage agents in Mississauga would charge a fee to perform this service, Richard Bacchus, on the other hand, does not. The reason for this is because he wants to help you purchase your house or commercial property as smoothly as possible so you can achieve your goals. By utilizing Richard who is located in Mississauga to get your mortgage pre-approval, you can feel confident that he will work with you and provide you with any needed guidance throughout the mortgage approval process.

If you are looking to purchase property in Mississauga, you should have Richard Bacchus get you a mortgage approval. Call today.

To get your mortgage pre-approval you will need the following documents:

• Photo ID
• Employment letter
• Financial documents listing assets, liabilities, income
• Credit report
• Credit score
• Banking statements
• Investment statements
• T4s
• Income Tax returns
• Pay Stubs
• Source of your down payment for a property

Once, Richard, your local Mississauga mortgage agent receives these documents and compiled them into a well-read financial presentation, he will shop around to get you pre-approved for the best rate and mortgage amount that he can based on your financial situation.

If a mortgage pre-approval in Mississauga is not what you need, Richard Bacchus also provides other mortgage services that may be better suited for needs. He provides:

• Small business loans
• Self-employed mortgages
• Mortgage renewals
• Property refinancing
• Debt consolidation
• Reverse mortgages
• Home equity lines of credit (HELOC)
• Residential mortgages
• First time home buyer mortgages
• Private mortgages
• Commercial mortgage
• Second mortgages

Call or email Richard Bacchus today to start your mortgage pre-approval process in Mississauga today!