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The advantages of getting pre-approved

When you’re shopping for a home, getting “pre-approved” by your bank or other mortgage lenders provides you with two big advantages.

First, you know in advance how much home you can financially manage. You won’t waste time looking at properties you can’t afford, and you’ll be able to consider homes that you may have originally thought were out of your reach.  Second, when you make an offer on a home, sellers tend to take those with a pre-approved mortgage more seriously.  That’s because they know there is less likelihood that financing issues will spoil the deal.

Condominia: Final 2011 Issue

Condominia MagazineThe final issue of Condominia Magazine for 2011 is now online.
This issue has special interest to me as it features some luxurious developments in Ottawa as well as Mississauga’s own Daniel’s built Lime Light condo, and it takes a look at Toronto’s newest urban hub: Vaughan.