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Prepare for a Mortgage

Prepare for a Mortgage

Preparing for a mortgage will increase your chances for approval. Make sure you do not buy or lease big-ticket items or increase your debt for 6-12 months before you plan on obtaining a mortgage. Purchasing things such a new car, furniture or major appliances increases debt-to-income ratios, which can make you ineligible for the best available loan terms. 

Alexandra Axsen
Owner/Managing Broker
Lake Okanagan Realty
Tel: 250.870.2792