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