Look for a lender with competitive rates, good customer service, and clear communication. After all, you want someone in your corner as you embark on this big journey.
The mortgage process can take anywhere from a few weeks to a couple of months. It depends on factors like your lender and how prepared your documents are.
Pre-qualification is like dipping your toes in the water, giving you a general sense of your options. Pre-approval is more like jumping in—it's a formal process that shows sellers you mean business.
In Aurora, you'll find various mortgage options like fixed-rate, adjustable-rate, and even government-backed loans. Each type has its pros and cons.
You can get a good idea by looking at your income, debts, and credit score. Lenders usually have guidelines to help determine your borrowing power.