6 Essential Tips for Applying for a Residential Mortgage in Abbotsford

Planning to apply for a residential mortgage in Abbotsford? Follow these 6 essential tips to boost your chances of approval. Start by checking your credit report to ensure accuracy, as lenders prioritize credit scores. Be realistic about your budget and explore financing options like fixed or adjustable-rate mortgages. Understand how lenders assess your credit to determine loan amounts and rates. A larger down payment provides better mortgage options, while prepayment penalties should also be considered. For expert guidance, rely on Sandhu & Sran Mortgages – your trusted Abbotsford mortgage brokers for home buying, refinancing, and mortgage transfers. Contact us today!