Step 4 – Be ready for your mortgage by being pre-approved

Once you have nailed down your feasible budget, with all factors being considered, for your home purchase; be sure to stick to it.

You can either go with a bank or a mortgage broker with your mortgage loan. Compare offerings from the bank and a few mortgage brokers before settling on the right lender for you. It’s generally good practice to aim for a home that costs less than the maximum amount for which you qualify.