Hi
I'm just curious of how the approval process works. Specifically, how you find out how much you can borrow.
When i fill in the online form for a mortgage calculation it says i qualify for a certain amount over, 10, 20, 30 years etc.
If i was approved would they give me all those options and would they tell me the very limit of how much i could borrow or do i need to know how much the seller accepted for the house?
How does this part of the process work?
Thanks
I'm just curious of how the approval process works. Specifically, how you find out how much you can borrow.
When i fill in the online form for a mortgage calculation it says i qualify for a certain amount over, 10, 20, 30 years etc.
If i was approved would they give me all those options and would they tell me the very limit of how much i could borrow or do i need to know how much the seller accepted for the house?
How does this part of the process work?
Thanks