Linda Dear, Real Estate Consultant | TEL. (410) 925-6667

Get Pre-Approved

Contact Us for more information on getting pre-approved,

The mortgage lenders we work with take the guess work out of applying for a loan. They will help you figure out how much you can afford to borrow and then provide a printed document stating the maximum mortgage amount you qualify for based on your particular finances and income.

Mortgage pre-approval helps to establish your price range and strengthens your buying position by letting the Seller know that you have already been approved for the loan. It can also ease time constraints once the purchase agreement in signed between Buyer and Seller.

Consider these Scenarios:

You are looking at homes. You find the perfect house and together we work out a deal with the Seller. Three weeks later, the lender informs you that the house is $10,000 over what you qualify for and does not approve your loan, or CMHC will not insure your mortgage. The Seller has already bought another house. You have given notice where you are renting and told all your friends about the great house you bought. And then, there's the money you've already spent on inspections on a house you can't own.


We have been working diligently together to find the "perfect" home. A new listing comes on the market that is priced right and has everything you have been looking for. We write an offer. We then present your offer to the listing REALTOR® only to be informed that another offer is coming in and both offers will be presented simultaneously to the Seller. The other Buyer is pre-approved for his loan. Whose offer do you think the Seller is likely to negotiate first??

Should You Get Pre-Approved for a Loan First??

Most Definitely!!


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