First things first.
Real Estate can be a very exciting and rewarding process to be involved in. However, before you go house hunting, you should seek out a good mortgage broker to get a mortgage pre-approval in place. Lenders and underwriters require a lot of information in order to conclude a pre-qualified price point that you can shop at; it's best to have your ducks in a row before you start viewing peoples homes. Ask yourself, would you want someone making an appointment to look at your home if they haven't had a professional express confidence in them being able to afford the cost of the home? We refer to this as "putting the carriage in front of the horse". Even if your considerations to invest and buy Real Estate are for the future, we would encourage you to seek out a good mortgage broker and have them look at your credit score and current financial situation so they can give you guidance on what steps need to be taken to accomplish your Real Estate goals. It can be a humbling experience, but sometimes a small chin check is what people need to understand how their saving and spending habits need to be adjusted to attain an approval. We can personally recommend a great mortgage broker if you are about to embark on the road to Real Estate success.
Thank you for reading,
The Hough Brothers - Torrey and Tyrel
Kamloops Real Estate
Re/Max Real Estate Kamloops