There's a lot of competition out there for homes, so tarry not. Get your credit report and start repairing any blips. If your scores are below 620 or so, a conventional loan will be a challenge. But if they're under 740, you still might not get the best rates. Many buyers get a pre-qualification letter from the lender, but you can one-up them with a pre-approval, which comes after a more thorough evaluation of your finances. A pre-approval letter shows the seller that you're good to go and can close quickly.
Kevin Benta is a sales representative with Century 21 Percy Fulton and serves Toronto, Pickering, Ajax, Whitby and Oshawa.