The formula for pre-approvals

If your credit score is lower than 680, then you can spend up to 35% of your monthly income on housing costs. If your credit score is higher than 680, then you can spend up to 39%. Housing costs would include heat, property taxes and condo fees (if applicable). This is referred to as your […]

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To get a pre-approval or not?

Yes, you should!Ā Getting pre-approved is important to demonstrate to real estate agents and sellers that you’re a credible buyer. It means that you are ‘legit’ šŸ™‚ andĀ able to act fast when you find the home you want to buy.Ā See ourĀ Left Swipe DatĀ guide for more info.

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