Are you thinking about buying a home?

 The first step is to get yourself pre-approved for a mortgage.  When your mortgage is pre-approved you know up-front what you can realistically afford to pay for a home in terms of purchase price, down payment, and closing costs. With a pre-approval you have an additional advantage of having your interest rate guaranteed for 90 days. If interest rates increase while you are house hunting you do not need to worry, you get the capped rate.  

Pre-qualification for a home is the first step and costs you nothing, but gives you both a goal of what homes are in your affordability range. A Mortgage Broker will look at your credit report, earnings, debts, and savings in order to see how much home you really can afford.

During the pre-qualification process, you will be expected to provide the following information to the Broker 

  • Your gross monthly income  
  • Your total monthly payments (car payments, credit cards minimums, child support payments, student loan payments, any other monthly debts)
  • Where is your downpayment coming from.(No money down program, RRSP, a gift, line of credit, etc.,)

The Mortgage Broker will be looking to see that your debt to income is about 40 percent, max 42 percent and the lower the better. At MyDaddyHomes our Mortgage consultants work at the speed of lighting, they are fast and thorough. Once you are pre-qualified you are now ready for a pre-approval. If you are looking to buy a home within the next 90 days, be sure to contact a MyDaddyHomes Mortgage consultant today.

Mortgage Summary:

Pre-qualification is an informal agreement between you and a Mortgage Broker. The broker gives an amount in their opinion on how much they think a lender will be able to lend to you based on information that you have provided to them. The broker may not  do any background checks at this point. The broker relies solely on you portraying an accurate picture of your circumstances. If you are not candid with the broker, you may be denied the loan.  
The lender will actually check your credit history, employment information, assets, and liabilities. The only thing they won't check is the property that you plan to buy, because, of course, you haven't found it
The role of the Mortgage Broker:
Mortgage Brokers do not actually work for any specific lender, their job is to assist you in getting the right mortgage at the right rate and terms.  They look at all lenders products and services and determine which is best for the client. Having an good Mortgage Broker on your buying team is a must.
MyDaddyHomes highly recommend that you get pre-qualified before you start your search for a home 
How to get Pre-approved:
Contact a MyDaddyHomes Mortgage Consultant and shop with the power of a cash buyer. Click here..


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Cell:  416-258-3079, 647-289-0038,  Off: 905-456-1177 or E-Mail Us is where smart buyers and sellers visit when they are looking to buy or sell Brampton or mississauga Real Estate. A Brampton or Mississauga home, house  or condo. is a state of the art  home buying and selling system for Brampton and Mississauga Real Estate and Brampton Homes and Brampton condos and Mississauga Homes and condos for sale.  With information on trades and professional people, homes for sale and service directories is a good place to start your house hunting.  Contact Brampton and Mississauga Real Estate agents, Edison and Arlene Samuel we will be there for you.

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One of the best investment decisions you can make is to buy Mississauga or Brampton Real Estate, buying Mississauga or Brampton Real Estate is a sound investment, based on the yearly increase in Mississuaga and Brampton, Buying Mississauga or Brampton real Estate is a good retirement fund.
When buying Mississauga or Brampton real estate, a Mississuaga or Brampton House or Home you must have trust and confidence in your real estate agent. The MyDaddyHomes team is commitment to ensuring their clients are satisfied with the level of service they receive. The MyDaddyHomes team is committed to provide you with Real Estate Services second to none. Call us first and see what quality service is.
Buying a Brampton or Mississauga home is a great investment. With a Brampton or Mississauga home you have piece of the rock. When comparing Brampton and Mississauga homes to other homes in the GTA, Brampton and Mississauga has the best to offer. Mississauga and Brampton homes come in all different type, You can get a starter Brampton home for around $210,000, a semi-detached Brampton home for around 240-270,000, a newer Brampton town home for around 260-280,000, a newer semi-detached for around $280-310,000. In the detached Brampton homes, you can get a 2000, sq, ft home for around $350.000 and then bigger Brampton homes from 350-600,000. So is a Brampton home a great investment? yes it is, Come join us and enjoy comfort and a great lifestyle in a Brampton home. Contact Brampton Real Estate agents, Edison and Arlene Samuel today.