July 11, 2019
October 24, 2018
In order to buy a home, yes, you will need to be pre-approved by a lender. About 10 yrs ago, the conventional wisdom was to first, get pre-approved, then find a REALTOR and start looking.
However, buyers would simply go to their local bank, wherever they had their savings accounts, to get that pre-approval.
That bank may not have been the best place to get a mortgage, and buyers would end up switching their mortgage pre-approval somewhere else.
So, here is a better solution: Find a good real estate agent first, because he or she will be involved in every step of the process. That agent may also know the best lender for your specific needs: it could be a bank, or it could be a mortgage broker or other source.
For more detailed info on the buying process, check this out:
Listing Agent and Accredited Home Buyer Specialist
BBB Accredited, 5-star Google Reviews
Buying or Selling in Winnipeg? Bo Knows Real Estate!